Can't-miss stories from the Web
ValueAct to the rescue?
ValueAct Capital Management LP's Jeffrey W. Ubben has dropped roughly $2-billion into Microsoft, purportedly on the belief that the software giant's businesses are undervalued by other investors. So what will it mean for the company? On the one hand, his stake is less than 1 per cent of shares outstanding, so his clout will be limited. On the other, ValueAct's track record is impressive. It currently holds shares in only 14 different companies and all of them are up in 2013.
Trustee sues Corzine over MF Global failure
A lawsuit filed by trustee Louis J. Freeh alleges that Jon Corzine, the former head of MF Global Holdings Ltd., failed to oversee the futures broker, leading to the eighth-biggest bankruptcy in U.S. history.
No plans to extend foreign takeover ban
The limits imposed on foreign state-owned enterprise takeovers of oil sands companies will not be extended to other sectors of the economy, according to Natural Resources Minister Joe Oliver.
Daylight CEO to fight insider trading charges
The former chief executive of Daylight Energy Ltd. says he will fight illegal insider trading charges brought in connection with trades made before the company was sold to Chinese oil giant Sinopec.
T. Rowe Price still hates the Dell deal
The Dell investor is still opposed to taking the PC maker's private at $13.65 per share, even though Dell's stock has fallen well below that mark.
(Jody White is the Web Editor for Streetwise.)
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