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Activist Hedge Fund Starboard, Expert On Salt Content Of Pasta Water, Now Wants To Overthrow Yahoo's Board

A year and a half after Starboard proposed that the only thing Oliver Garden needs to attract new clients is to change the salt content of its pasta water, the activist fund has just unleashed a campaign seeking to overthrow the entire board of Yahoo, because the fund which clearly was a nutritional expert in late 2014, now thinks that its 1.7% in YHOO stock hodlings entitle it to the intimate knowledge of just how to "fix" Yahoo. Perhaps, the thinking goes, all it takes for people to start using Yahoo again is a new board?

Frontrunning: December 16

  • Fed Poised to Mark the End of an Era (Hilsenrath)
  • Fed opens meeting to put an end to crisis era policy (Reuters)
  • Fed's Historic Liftoff and Everything After: Decision Day Guide (BBG)
  • Emerging Markets Gird for Fed Rate Increase (WSJ)
  • What 7 Years at Zero Rates Have Looked Like (BBG)
  • 5 Things to Watch at the Fed Meeting (WSJ)

Frontrunning: March 24

  • Germanwings Airbus crashes in France, 148 feared dead (Reuters)
  • Greece promises list of reforms by Monday to unlock cash (Reuters)
  • Merkel Points Tsipras Toward Deal With Greece’s Creditors (BBG)
  • Banks Shift Bond Portfolios -Move to ‘held to maturity’ category aims to guard against rising rates, shield capital  (WSJ)
  • Beijing to Shut All Major Coal Power Plants to Cut Pollution (BBG)
  • As Silence Falls on Chicago Trading Pits, a Working-Class Portal Also Closes (NYT)
  • Oil below $56 as Saudi output near record, China activity slows (Reuters)

Frontrunning: March 5

  • China Lowers Growth Target to About 7% (WSJ)
  • Obesity Is Hurting the U.S. Economy in Surprising Ways (BBG)
  • Embattled Hillary Clinton urges State Department to release emails (Reuters)
  • Washington Strips New York Fed’s Power (WSJ)
  • U.S. Supreme Court split over Obamacare challenge (Reuters)
  • Citigroup Loses $800 Million as It Exits Turkey’s Akbank (BBG)
  • Justice Who Once Tried to Kill Obamacare Now Potential Savior (BBG)
  • Buyers of Espírito Santo Debt Face Financial Uncertainty (WSJ)

Frontrunning: September 10

  • British PM begs Scots: Don't rip apart our UK 'family of nations' (Reuters)
  • Obama has become Bush: Obama’s Task: Rally U.S. Public, Allies in Terror Fight (BBG)
  • Alibaba's record IPO covered after first few roadshow meetings (Reuters)
  • Ferrari chairman Luca Di Montezemolo to quit after 23 years (BBC)
  • Combat Reversals Pressure Assad (WSJ)
  • Top LBO Fund Investors Pile on Leverage to Boost Returns (BBG)
  • BOJ's Iwata upbeat on economy, unfazed by post-tax hike slump (Reuters)
  • Carney Can’t Escape Housing as Debt Colors BOE Policy (BBG)
  • Detroit Clears Crucial Hurdle on Bankruptcy (NYT)

Frontrunning: July 16

  • BRICS set up bank to counter Western hold on global finances (Reuters)
  • Fed's Yellen Hedges Her View on Rates (Hilsenrath)
  • China GDP Grows 7.5% in Second Quarter (WSJ)
  • Get More Acquainted With Your Knees as Boeing Reworks 737 (BBG)
  • Israel Warns Gazans of New Attack After Hamas Rejects Truce (WSJ)
  • Israel poised for Gaza incursions after truce collapses (Reuters)
  • China Housing Sales Fall in First Half of 2014 (WSJ)
  • IBM to offer iPads and iPhones for business users (Reuters)
  • Fed's George says strengthening economy warrants quick rate rise (Reuters)

Frontrunning: March 26

  • One-Ship Ukraine Navy Defies Russia to the End (WSJ)
  • Crimea-Induced Trading Surge Stokes Moscow Exchange Rally (BBG)
  • Moscow says Ukraine stops Russian crews disembarking in Kiev (Reuters)
  • New images show more than 100 objects that could be plane debris (Reuters)
  • Anger of Flight 370 Families Explodes in Beijing (BBG)
  • Murdoch Promotes Son Lachlan in Succession Plan for Empire (BBG)
  • Facebook to buy virtual reality goggles maker for $2 billion (Reuters)
  • Syrian Regime Exploits Rebel Despair (WSJ)
  • King Digital IPO price may not bode well for stock (Reuters)
  • Rothschild in Twitter Spat as Bakries Cut Ties With Miner (BBG)

Frontrunning: March 14

  • Ukraine anxiety triggers flight to safety, stocks tumble (Reuters)
  • Woodrow Wilson’s Ukraine Failure Foreshadows West’s Dilemmas (BBG)
  • Fortress Executives Join Peers Selling Stock After Rally (BBG)
  • 303 Deaths Seen in G.M. Cars With Failed Air Bags (NYT)
  • Putin Deports Executives for Speeding as Sanctions Loom (BBG)
  • Russia blocks internet sites of Putin critics (Reuters)
  • China Bond Risk Exceeds Ireland as Defaults Unavoidable (BBG)
  • China H-Shares Post Biggest Weekly Drop Since October (BBG)
  • Surge in Rail Shipments of Oil Sidetracks Other Industries (WSJ)
  • Blackstone’s Home Buying Binge Ends as Prices Surge (BBG)

Frontrunning: February 5

  • Goldman to Fidelity Call for Calm After Global Stock Wipeout (BBG)
  • Turnabout on Global Outlook Darkens Investor Mood (Hilsenrath)
  • EU Said to Weigh Extending Greek Loans to 50 Years (BBG)
  • Second Storm Hitting Northeast Halts Planes, Schools (BBG)
  • Small Banks Face TARP Hit (WSJ)
  • As Sony prepares PCs exit, pressure mounts for reboot on TVs (Reuters)
  • IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide (BBG)
  • ECB faces dilemma with inflation drop (FT)
  • London Subway Strike Snarls Traffic as Union Opposes Cuts  (BBG)

Frontrunning: January 14

  • House Unveils $1.01 Trillion Measure to Fund Government (BBG)
  • Credit Suisse Tells Junior Bankers to Take Saturdays Off (BBG)
  • Spot the odd word out: ECB Sees Bad-Debt Rules as Threat to Credible Bank Review (BBG)
  • Insert laugh track here: Spain GDP grows at fastest pace in almost six years (FT)
  • Scandinavian Debt Crisis Waiting to Happen Puzzles Krugman (BBG)
  • Fed Said to Release Plan to Limit Banks’ Commodities Activities (BBG)
  • Thai Protesters Extend Blockade After Rejecting Poll Talks (BBG)
  • China provinces set lower growth goals for 2014 (BBG)

Frontrunning: January 7

  • Yellen’s Record-Low Senate Support Reflects Fed’s Politicization (BBG)
  • Euro-Zone Inflation Rate Falls in December, even further below ECB's target (WSJ)
  • Zambia politician charged for calling president a potato (AFP)
  • Blame gold: India Savings Deposit Scam Collapse Leaves Thousands Penniless (BBG)
  • Hedge Funds Raise Gold Wagers as Yamada Sees $1,000 (BBG)
  • George Osborne limits cuts options with pensions promise (FT)
  • Vietnam Raises Foreign Bank Ownership Caps to Aid System (BBG)
  • But they said buy a year ago... Goldman to JPMorgan Say Sell Emerging Markets After Slide (BBG)
  • SAC Trial Seen by Probe Convict as Latest Abusive Tactic (BBG)

Frontrunning: January 3

  • Heavy snowstorm hammers northeastern U.S. (Reuters)
  • Coins Remain a Bright Spot for Gold (WSJ)
  • Gross’s Mistake on Fed Taper Echoes Across Pimco Funds (BBG)
  • China December services PMI falls to four-month low (Reuters)
  • General Mills Starts Making Some Cheerios Without GMOs (WSJ)
  • U.S. considers flammability risk of Bakken crude after accidents (Reuters)
  • China Mobile’s Costly iPhone Deal with Apple (WSJ)
  • Hezbollah Upgrades Missile Threat to Israel (WSJ)
  • UK House Prices Cap Best Year Since 2006 as Mortgages Surge (BBG)
  • China tells police to be loyal to party amid graft crackdown (Reuters)

Chief Healthcare.gov Fixer Set To Become Obama's Top Economic Advisor

While it is not a surprise, and had been reported previously, there is a certain dose of humor in Reuters reminding us that Jeffrey Zients, who is currently tasked with fixing Obamacare.gov Healthcare.gov (and which crashed yesterday for CNN when it experiment with the upgraded website), will soon be leaving his post and replace Gene Sperling as Obama's top economic advisor. Surely if anyone can fix the economy, it is the man who has hired every private sector sysadmin genius and managed to expand the 500 million lines of code website to accomodate a few more thousand simultaneous requests.... before it crashes again.

Frontrunning: November 25

  • Washington turns bond market upside (FT)
  • China Air-Zone Move Expands Field of Islands Spat With Japan (BBG); Japan rejects China claim on airspace over disputed islands (FT)
  • 'Great Satan' meets 'Axis of Evil' and strikes a deal (Reuters)
  • Iran Pact Faces Stiff Opposition (WSJ)
  • Allies Fear a US Pullback in Mideast (WSJ)
  • India to resume paying Iran in Euros (Economic Times)
  • At 'Business Insider,' it's time to sell (USA Today)
  • More ECB currency war jawboning: ECB’s Hansson Says Rate Cut Options Not Fully Exhausted (BBG)
  • Spy World Links Plus Obama Ties Stoke Concern About NSA Review (BBG)
  • A disunited Europe will struggle even to disintegrate (FT)

Frontrunning: October 25

  • Contractors describe scant pre-launch testing of U.S. healthcare site (Reuters)
  • Carney Says BOE Revamp Offers Wider Access to Cheaper Funds (BBG)
  • Help wanted in Fukushima: Low pay, high risks and gangsters (Reuters)
  • Merkel and Hollande to change intelligence ties with US (FT)
  • Twitter IPO pegs valuation at modest $11 billion (Reuters)
  • NSA monitored calls of 35 world leaders after US official handed over contacts (Guardian)
  • Officials alert foreign services that Snowden has documents on their cooperation with U.S. (WaPo)
  • Scottish Nationalists Lose Vote After Plant Threatened With Axe (BBG)
  • Fernández contemplates a train wreck in Argentine elections (FT)
  • Irish Government will consider ‘best options’ for bailout exit (Irish Times)