Sep
17
2008
The internet company Yahoo has postponed its annual meeting as its board struggles to escape a shareholder uprising led by the billionaire corporate raider Carl Icahn.
The potentially rowdy gathering in California was due to be held on July 3 but Yahoo has put it off to an unspecified date “expected to be around the end [...]
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Sep
17
2008
Motorola Inc. settled its proxy battle with Carl Icahn on Monday, agreeing to back two of the billionaire investor’s nominees for its board of directors in exchange for him dropping litigation against the cell phone maker.
The agreement avoids a showdown at the company’s upcoming annual meeting for what would have been the second straight year.
read [...]
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Sep
17
2008
Carl Icahn, the billionaire Wall Street investor, has raised his stake in Motorola, the struggling US mobile phone maker, to 6.3 per cent from a previously reported 5 per cent.
The increase in the stake, disclosed on Wednesday in a filing with the US Securities and Exchange Commission, comes as Mr Icahn steps up pressure on [...]
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Sep
17
2008
Yahoo Inc’s board confirmed billionaire investor Carl Icahn as a director, while board member Robert Kotick tendered his resignation as part of a previously announced deal, the company said on Wednesday.In a filing with U.S. securities regulators, the Internet company said Kotick had resigned following the company’s August 1 annual shareholder meeting and confirmed that [...]
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Jul
13
2008
Yahoo intends to reject Microsofs unsolicited bid for the internet company, according to a person close to the situation.
Yahoo’s board held its first formal meeting on Friday to discuss the February 1 offer, which is currently valued at $41.5bn. It has decided the $31 a share on the table massively undervalues the company, this person [...]
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Jul
13
2008
Microsoft billionaire Bill Gates announced a new direction Friday as he pledged $306 million in grants to develop farming in poor countries, leading the charge for corporate responsibility at a major meeting of business chiefs. The announcement by Gates, who is to step down from the computer giant later this year, drew attention from the [...]
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Jul
10
2008
The Regent Shanghai Hotel General Information
Rising over Yan An West Road with stunning views, this 53-story hotel is within easy access to Hongqiao Airport and Pudong International Airport, and only minutes away from the central business and shopping districts of Shanghai. Contemporary yet classic in style, The Regent Shanghai features 511 luxurious rooms and suites, [...]
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Jul
10
2008
Raffles Beijing Hotel Resort General Information
Built in the 1900s, Raffles Beijing Hotel has long stood as an icon of Beijing’s historical heritage. The venue of many significant political and cultural events, it has become one of Beijing’s most distinguished addresses.
Ideally situated at the crossroads of famous Chang An Avenue and the district of Wangfujing, Raffles [...]
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Jul
10
2008
The Peninsula Beijing Hotel General Information
Renamed from The Peninsula Palace Beijing to The Peninsula Beijing following the completion of the final phase of a US$35 million renovation programme, The Peninsula Beijing is now unquestionably the premier hotel in Beijing for business and leisure travelers, as well as the venue of choice for important events and [...]
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