Shareholder activism is a rough business. Investors who amass large stockholdings and then demand changes are usually resisted and excoriated by the companies' managements, who do everything they can to defeat them. The resulting fights for control can often be public and ugly, with both sides seeking to dig up dirt or arguments with which to discredit the other side.
BY Maria Vultaggio | December 18 2012 12:11 AM Zooey Deschanel’s divorce from Death Cab for Cutie frontman Ben Gibbard is official, TMZ reported Monday. (Photo: Reuters) Cast member Zooey Deschanel poses at the premiere of the movie "Yes Man" at the Mann Village theatre in Westwood, California December 17, 2008
News Corp has drawn up plans to split into two businesses, separating its entertainment assets from its publishing arm. Lex's Stuart Kirk and Vincent Boland discuss whether News Corp is repositioning itself to make another move for BSkyB. For more commentary from the Lex team, visit http://www.ft.com/lex
HBO abruptly canceled production of its horseracing drama "Luck" late Wednesday, ending one of its highest-profile new shows following the deaths of horses during production. Sam Schechner has details on Lunch Break.
As more people don't show up for their reservations, some high-end restaurants are taking action--from charging no-shows to shaming them on social media. Sumanthi Reddy has details on Lunch Break.
WSJ's Sam Schechner has details of Apple's successes in lining up Hollywood movie studios to allow consumers to watch programming on its iCloud service.
South-By-Southwest (SXSW) is still a vital music festival for undiscovered bands. WSJ's rock and pop critic Jim Fusilli sits with Lee Hawkins to offer a preview of what he expects from this year's festival.
In 2011 it was Europe's turn to baffle everyone with bullshit. it still is, but now it has added China (whose Services ISM printed both below and above 50 depending on which data one uses, whether Markit or HSBC), and the US, as it is now the turn of the Services ISM to beat expectations and print at 57.3, on expectations of 56.0, and higher than the prior 56.8 - this beat comes just as the market was expecting a major drop in the aftermath of the big manufacturing ISM miss (Goldman was well below the consensus on today's number), and appears to have printed where it did just to keep the confusion about the true state of the US economy in place as Bernanke vacillates whether or not to proceed with QE3 and when
PSFK is following five trends during SXSWi, we chat with a catalyst in this area who says that co-sharing is based on the desire to exchange social capital, more so than money.
By msnbc.com news services U.S. stocks were struggling Wednesday as traders cashed in after indexes hit multi-year highs on stronger-than-expected economic data. The Nasdaq topped 3000 for the first time since ..