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CIO Journal Morning Download
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A roundup of private equity-related news.
At a time of rising regulatory and legal pressure on tech companies around with the world, the outcome has an only-in-America sort of feel. Apple had its day in court and it won a battle of principle against a powerful arm of the government, which decided to walk away, at least for now, from the fight.
Good morning. Finance chiefs are devising new measures of corporate success, shifting which metrics they disclose to investors amid an environment of changing delivery methods and customer tastes. Software giant Adobe is one of the latest companies to change the way it defines success, opting to no longer disclose subscriber numbers.
Yahoo has given potential suitors two weeks to submit preliminary bids for its core Web business and Asian assets, according to people familiar with the matter.
Deals of the Day is your one-stop-shop for the morning’s biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity.
The 2013 attack against the Rye Brook, N.Y. facility reflects the vulnerability of industrial control systems, many of which are old and predate the modern Internet, according to the WSJ. As CIO Journal reported last year, industrial control systems faced at least 245 cybersecurity incidents in fiscal year 2014, the Department of Homeland Security said in a report.
The official launch of Starboard’s bid to oust all of Yahoo’s directors kicks off a scramble for the backing of other shareholders in a battle over how to salvage the beleaguered Internet pioneer.
The auto industry is not the first to look beyond the corporate cafeteria for experts—a week barely passes without news of the opening of an innovation lab somewhere. But the vast technological demands for self-driving cars require auto makers to hunt down talent in some of the most exciting areas of computing.
Anti-corruption tools used by banks to fight money laundering and other types of fraud can also be used to help companies combat the use of slave labor in their supply chains.
Yahoo CFO Ken Goldman's legacy could be tarnished, depending on how the company’s fight with Starboard and its restructuring plan turn out
Square said Thursday it hopes to speed its path to profitability by offering loans through a partner bank as an add-on service to its core payments business.
Less than one day after Microsoft Corp. released Tay, an artificially intelligent software chatbot that communicated through messages on social-media services, the program went rogue.
Ken Goldman probably wouldn't want to write his swan song at Yahoo Inc. the way activist investor Starboard Value LP put it Thursday. His legacy could be tarnished, depending on how the company’s fight with Starboard and its restructuring plan turn out.
Among the companies with shares expected to trade actively in Thursday's session are Yahoo Inc., Accenture PLC, Signet Jewelers Ltd. and Portola Pharmaceuticals Inc.
Advocates of greater female representation in the financial services were relieved to see that the recommendations didn’t include quotas.
Starboard’s letter says the board and management have "repeatedly failed shareholders." It's nominated its own slate of directors. Here's Starboard's letter in full:
The hedge fund plans to nominate directors to replace the entire board, Starboard said in a letter, setting the stage for a battle over the future of the faded Web giant.
Team Health Holdings on Wednesday announced an agreement with activist investor Jana Partners, the latest company to give up board seats to prevent a proxy fight.
Google, considered an also-ran in computing-on-demand, is chalking up a number of high-profile clients as it shifts more attention to the business market. Alphabet Inc.’s Google Cloud Platform intends to announce on Wednesday that Walt Disney Co.’s Disney Consumer Products and Interactive Media is using the service, joining Apple Inc. and Spotify AB.
Stocks have recovered from their New Year swoon, but the good news hasn’t been evenly shared.