1. Articles from Martin Baccardax

    1-7 of 7
    1. Cars.com Surges as Board Says Potential Sale in Play Following Activist Pressure

      Cars.com Surges as Board Says Potential Sale in Play Following Activist Pressure

      Cars.com ( CARS ) shares surged Thursday after the online car shopping service said it may explore a sale of the company, just weeks after activist investor Starboard Value pressed management to improve performance. Starboard Value, which owns around 9% of the Chicago-based group, told management in a letter published on December 10 that Cars.com had been losing customers for the past two years, leading to a decline in organic revenues...

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    2. Credit Suisse Agrees $5.3 Billion DoJ Settlement on Mortgage Claims

      Credit Suisse Agrees $5.3 Billion DoJ Settlement on Mortgage Claims

      Credit Suisse said Friday that it has agreed a $5.3 billion settlement with the U.S. Department of Justice over allegations of mis-selling mortgage bonds into the global financial crisis. Credit Suisse will pay a civil penalty of $2.48 billion and provide customer relief for a further $2.8 billion, paid out over five years the company said in a statement. The penalty will cause the bank to take a pre-tax charge of around $2 billion, the bank said.

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    1-7 of 7
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    Credit Suisse Agrees $5.3 Billion DoJ Settlement on Mortgage Claims GE May Unload Businesses to Appease Trian, But Don't Expect a Breakup Danone Extends Gains After Report Links Activist Investor Corvex to French Group Deutsche Bank Slips After Citigroup CEO Dismisses Tie-Up Talks in Interview Cars.com Surges as Board Says Potential Sale in Play Following Activist Pressure Bristol-Myers Pushes Celgene Deal, Starboard Hits Back, in $74B Takeover Spat JPMorgan CEO Jamie Dimon: US Companies Should Do More to Address Social Issues Look for the Government to Force Boards to Diversify if Companies Won’t The Shyft Group Appoints Michael Dinkins to its Board of Directors Cadence Appoints Julia Liuson to Board of Directors Performance Food Group Company Appoints Warren Thompson to Board of Directors Crown Castle Appoints Kevin A. Stephens to its Board of Directors