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The activist investor who wants Yahoo to sell its core business presented to its board on Wednesday (YHOO)
Jeff Smith, manager of activist hedge fund Starboard Value, presented to Yahoo's board of directors on Wednesday, urging them to sell the internet business, according to a report in USA Today. The Yahoo board is reportedly holding a three-day series of meetings to consider its various options, including whether to press ahead with a planned spin-off of its stake in Chinese e-commerce company Alibaba that is slated to be completed in January, or whether to pursue other options such as ... Full investment news article
The Tell: Bill Gross thinks Fed, ECB are ‘casinos’ printing money
In his latest investment outlook, the bond guru went so far as to call central banks “casinos” that “print money as if they were manufacturing endless numbers of chips that they’ll never have to redeem.” Full investment news article