Fiesta Restaurant Group Gets ISS Backing on Its Nominees

Fiesta Restaurant Group Gets ISS Backing on Its Nominees

Fiesta Restaurant Group confirmed in a regulatory filing with the U.S. Securities and Exchange Commission that shareholder proxy advisory firm, Institutional Stockholder Services (ISS) has recommended that shareholders vote for all of the company’s board nominees, and not the two nominees proposed by a group led by JCP Investment Management. Subsequently, JCP issued a response commending ISS for recognizing “areas of concern” surrounding the current board, namely, its ineffective oversight […]

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Aerie Pharmaceuticals Prices Upsized Offering

Aerie Pharmaceuticals Prices Upsized Offering

Aerie Pharmaceuticals said it has priced its registered underwritten public offering of $75 million of shares at $53.75 per share. The offering was upsized by $25 million and is in addition to the $50 million of shares sold through an at-the-market program and expected to be issued around May 31. Proceeds will be used for general corporate purposes, including the expansion of its commercialization programs in North America for both […]

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Facebook Delays Original Video Content Launch

Facebook Delays Original Video Content Launch

Facebook was little changed on Monday after reports said the company’s initiative under which publishers are creating exclusive original video content for the social network has been delayed. Recode said, according to multiple sources, the initial plan was to roll out content in April, and the date was pushed back to mid-June with hopes of showing some of it off at the Cannes Lions International Festival of Creativity, but now, […]

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Whirlpool Collaborates With Google

Whirlpool Collaborates With Google

Whirlpool unveiled Wednesday a collaboration with Alphabet’s (GOOG, GOOGL) Google, which will bring voice-control capabilities to new smart home appliances that the company is launching across a portfolio of brands. Shares declined more than 1% intraday. Google Home compatibility will be introduced in more than 20 Jenn-Air and Whirlpool brand models in 2017, starting with Jenn-Air connected wall ovens, the company said in a statement. “The activation of Google Home […]

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Sears Holdings Drops

Sears Holdings Drops

Sears Holdings dropped 10% after CEO Eddie Lampert said in a blog post one of its vendors, One World, has decided to sue the company to “embarrass us in the media to force us to let them out of their contract.” One World makes various power tools and related accessories for Sears under the Craftsman brand and has been serving Sears for more than nine years. However, One World is […]

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