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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