The document technology company also agreed to bring on five dissident directors and replace its CEO. Six existing board members also resigned in a resounding victory for the dissident investors.
'This is a capital starved industry,' says one CEO. Here's how private equity is answering the call.
The U.S. economy added 103,000 jobs in March, below expectations, as analysts said the tighter labor market may be making skilled workers harder to come by.
The U.S. economy probably added 185,000 jobs in March while wage gains accelerated, a survey of economists showed, reinforcing the Federal Reserve's case for continuing to increase interest rates gradually to keep inflation from overheating while keeping unemployment low.
Wall Street has had its fair share of challenges in recent years. Long-time Stifel Financial Group chairman and CEO Ronald Kruszewski discusses the outlook for the financial services industry.
Bill Dudley, who as president of the Federal Reserve Bank of New York oversees big banks like JPMorgan and Citigroup, says bankers might police risk-taking by employees more aggressively if their compensation came in the form of bonds instead of stock. That way, they'd care more if their company could pay back its debts.
Here's what you need to know now for Thursday, March 22.
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