Wall St. closes flat, five-week rally ends
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- US stocks close down as oil spikes 12%, job market weakens
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- Kuwait cuts oil output as storage fills up
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Starboard Value Affirms Nominating Nine Directors to Yahoo!'s (YHOO) Board
March 24, 2016 8:02 AM UTCStarboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Yahoo! Inc. (NASDAQ: YHOO) with an ownership interest in approximately 1.7% of Yahoo's outstanding shares, representing an investment of approximately $570 million, announced that it is nominating a slate of nine highly qualified candidates for election to Yahoo's Board of Directors at the 2016 Annual Meeting.
Starboard also announced today that it has delivered the following open letter to Yahoo shareholders, which includes the names and detailed biographies of each of Starboard's nominees towards the end:
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Starboard nominates nine directors to Yahoo!'s (YHOO) board - Bloomberg
March 24, 2016 7:43 AM UTCStarboard nominates nine directors to Yahoo!'s (NASDAQ: YHOO) board, according to Bloomberg.
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