Proxy War

The United States has carried out an airstrike in Iraq, targeting a senior commander of an Iranian-aligned militant group. The strike was in response to a deadly drone attack on a U.S. base, allegedly orchestrated by the militia. What Happened: The Pentagon confirmed that the U.S. military...

Xerox Corp (NYSE: XRX) opened up 4 percent Monday after activist investors Carl Icahn and Darwin Deason announced their collaborative proxy battle with Xerox management. “CEO Jeff Jacobson, a member of the Xerox ‘old guard,’ is incapable of creating long-term value for Xerox...

“If you want something done right, do it yourself.” On Thursday, activist investor Dan Loeb said he would nominate himself and two others to the board of Sotheby's. (NYSE: BID) Loeb's Third Point Capital owns a 9.53 percent stake of the famed auction house and is officially waging a proxy war...