Activist investor Starboard says it has 9.3% stake in software firm Commvault

spike

BOSTON (Reuters) – Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them.

FILE PHOTO: Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc., speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid

The New York-based hedge fund has built a roughly 9.3% position in the company, according to a Securities and Exchange Commission

Read More

U.S. grocers add plexiglass sneeze guards to protect cashiers from coronavirus

spike

LOS ANGELES (Reuters) – Kroger Co, Walmart Inc, Albertsons and other grocery sellers are installing plexiglass partitions at checkout counters to protect cashiers from the highly contagious coronavirus.

Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles, California, U.S., March 30, 2020. REUTERS/Lucy Nicholson

The shields are designed to block virus-containing droplets – released by coughing, sneezing and speaking – that might otherwise hit cashiers, who interact with dozens of

Read More

Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain

spike

(Reuters) – Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations.

FILE PHOTO: Airbnb logo is seen in front of diplayed coronavirus disease (COVID-19) in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The aid, which will pay hosts 25% of their normal cancellation fees, is being offered globally except for China.

The payments to hosts apply to the cancellation of reservations with

Read More

KFC owner Yum Brands breaks junk debt market’s fast

spike

(Reuters) – Yum Brands Inc (YUM.N), owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis.

A vehicle waits at the drive-thru window of a Kentucky Fried Chicken (KFC) after a state mandated carry-out only policy went into effect in order to slow the spread of the novel coronavirus (COVID-19) in Louisville, Ky, U.S. March 24, 2020. REUTERS/Bryan Woolston

Yum’s bond offering represented a glimmer of investor demand in one the riskiest corners of

Read More