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Yahoo investors mount pressure for turnaround

2015-12-14 09:47:00| Telecompaper Headlines

(Telecompaper) Yahoo is facing pressure from investor groups against giving CEO Marissa Mayer more time to show progress on the company's turnaround, reports the Wall Street Journal. Canyon Capital Advisors, one of Yahoo's 15 biggest shareholders, wrote to the board on 11 December urging it to find a buyer for the core internet business or the whole company. 

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The $28 billion hostile bid puts the pressure on the railroad's management to boost results.

2015-12-11 15:47:07| Railroads - Topix.net

The Calgary-based CP and Ackman's Pershing Square Capital Management spent more than two hours on a call with investors earlier this week outlining their case for consolidation and trying to win over skeptics. It has been more than a decade since a large North American rail deal was announced, and Canadian Pacific faces an uphill climb trying to convince regulators and shipping customers that further consolidation is to be encouraged.

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Ocado shares under pressure as hopes of international deal waver

2015-12-10 20:36:11| Grocery - Topix.net

Online supermarket Ocado saw its shares come under pressure as it revealed a slowdown in trading and dashed hopes once more of a long-awaited international deal. The group shrugged off a "challenging and competitive" market to deliver a 13 per cent rise in fourth quarter gross retail sales to A 351.8 million - its 13th quarter of double-digit growth - but this was lower than expectations and below the 15.3 per cent hike seen in the previous three months.

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Yahoo scraps Alibaba spinoff amid investor pressure

2015-12-09 17:46:57| IT Services - Topix.net

Yahoo Inc. scrapped its long-planned spinoff of shares in Alibaba Group Holding Ltd. amid mounting pressure from investors concerned about the tax risks of the deal. Instead, the Web portal will package all of its other assets into a new publicly traded company, Yahoo said in a statement Wednesday.

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Saint John urged to pressure Irving Oil to ease Canaport LNG tax deal

2015-12-07 15:02:54| Oil & Gas - Topix.net

Robert Jones has been a reporter and producer with CBC New Brunswick since 1990. His investigative reports on petroleum pricing in New Brunswick won several regional and national awards and led to the adoption of price regulation in 2006.

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