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Qualcomm shareholder pushes for company break-up

2015-04-13 09:01:00| Telecompaper Headlines

(Telecompaper) Qualcomm is under pressure from activist investor Jana Partners to consider a breakup and other options to boost the chip maker's stock price. Jana is asking Qualcomm to consider separating its chip unit from its patent-licensing business, which accounts for most of the company's profit, according to a quarterly letter to Jana investors reviewed by The Wall Street Journal. Qualcomm itself proposed the idea 15 years ago but later called it off. Jana holds shares worth more than USD 2 billion in Qualcomm. The investor also is calling on the company to cut costs, accelerate stock buybacks and make changes to its executive-pay structure, financial reporting and board of directors, according to the New York hedge fund's letter. A spokeswoman for Qualcomm said the company welcomes feedback from shareholders. Jana executives and Qualcomm's management have held private discussions since late last year, one person familiar with the conversations told the paper. In the letter, Jana described the talks as constructive.

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Farm company says it's working on dust control

2015-04-12 19:37:11| Waste Management - Topix.net

Stockton Hill Farms is following through on recommendations from the Arizona Department of Environmental Quality to control fugitive dust in the Valle Vista subdivision, a top executive for the company said Thursday. "We are running four water trucks to keep the dust down," Libby Lamm, chief financial officer of Stockton Hill Farms, told the Daily Miner.

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EnCap Flatrock provides capital to midstream company

2015-04-12 04:26:25| Food - Topix.net

Locally based EnCap Flatrock Midstream has made a $400 million initial equity commitment to Houston-based Nuevo Midstream Dos LLC, a midstream provider. Nuevo Dos is pursuing possible acquisitions across North America.

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Golden helps resurrect Canyon Club, lead company through recession

2015-04-11 21:07:19| Industrial Machines - Topix.net

Albuquerque's Bill Golden remembers being a not-so-inspired student at Montana Tech when he was earning his degree in mining engineering. But he pushed through and later worked as a miner, framer, bartender and was an "all around ski bum" prior to a position with Ingersoll Rand in 1981.

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EnCap Flatrock provides capital to midstream company

2015-04-11 13:23:03| Agriculture - Topix.net

Locally based EnCap Flatrock Midstream has made a $400 million initial equity commitment to Houston-based Nuevo Midstream Dos LLC, a midstream provider. Nuevo Dos is pursuing possible acquisitions across North America.

Tags: company capital midstream flatrock

 

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