Starboard Value

U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...

U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...

After a lengthy back and forth battle between Darden Restaurants, Inc. (NYSE: DRI) and activist investor Starboard Value, shareholders made their position clear who they want in charge of making key decisions. Starboard Value maintains an 8.77-percent stake in Darden and hoped to overthrow the...

Merger talk concerning Yahoo! Inc. (NASDAQ: YHOO) and AOL, Inc. (NYSE: AOL) is nothing new, and last week, a new spin on the situation began to circulate. Starboard Value, an activist hedge fund headed by Jeffrey Smith, recommended that the company join forces with AOL in a letter...

U.S. stocks declined as geopolitical concerns outweighed an improved economic read on second-quarter growth. Ukraine's President stated that Russian troops had crossed in to Ukraine territory and were fighting alongside Russian supported separatists. Markets initially traded lower on the...

U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...

U.S. stocks kicked off a new month and new quarter with solid gains as U.S. manufacturing growth improved in March. The indexes have now logged a three-day winning streak, an accomplishment which was completely absent throughout all of March. The S&P 500 hit new all-time highs of 1,885.84...

U.S. stocks rose as investors as the S&P 500 traded at new historical highs and clearing its 2014 losses. Investors shrugged off disappointing earning reports and economic data and chose to focus on several prominent merger and acquisition activities. The S&P 500 hit a new intra-day...

U.S. stocks overcame mixed economic data and earning reports as the S&P 500 inches towards new all time highs and the Dow recorded an almost triple digit point gain. Jobless claims declined less than expected while consumer prices met expectations and rose slightly. Data from the...

Noted activist investor Starboard Value wrote a letter to the board of Smithfield Foods (NYSE: SFD) urging the company to ditch its previously agreed takeover from Chinese company Shuanghui International and to break the company up into three separate entities. Starboard sees the move generating...