Shares of the DIY website services company fell by nearly 5% in price as it was revealed that a prominent institutional investor had trimmed its stake. After market hours on Monday, Starboard Value updated its Wix.com holding in a regulatory document. Starboard Value frequently enters a company as an activist investor, aiming to change the strategy, culture, and/or management team of an investment once it builds up an anchor holding.
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People's definition of "old age" is older than it used to be, new research suggests.
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Shipping companies like UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers.
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