Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
AMSTERDAM May 10 A Dutch court said on Wednesday it will convene on May 22 to hear hedge fund Elliott Advisors' request for an investigation into possible mismanagement at Dutch paint-maker Akzo Nobel.
Elliott, which holds a 3.25 percent stake in Akzo, leads a group of institutional shareholders dissatisfied with the company's boards' rejection of a 26.3 billion euro ($29 billion) takeover offer from U.S. rival PPG Industries.
As part of its suit, Elliott will ask the court for preliminary measures including ordering an extraordinary meeting of shareholders to debate the dismissal of Chairman Antony Burgmans.
Akzo earlier refused a request from Elliott to hold such a meeting, saying it supports Burgmans. Akzo said Tuesday it was disappointed in Elliott's move to file a lawsuit. (Reporting by Toby Sterling; Editing by Elaine Hardcastle)
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.