The sharp rise in bond prices has pushed down the yield on the 10-year U.S. Treasury note, a benchmark for mortgage rates and other borrowing costs across the economy.

Starboard met with executives of the design-software maker in recent weeks.

The private-equity investor plans to take a minority stake in the firm known for its ubiquitous advertisements.

The maker of equipment for semiconductor manufacturing occupies a key role in the chip-supply chain.

The bank is losing money every month on the program as savvy customers flock to the card and projections on key revenue drivers turn out to be inaccurate. 

With stock indexes at record highs, market volatility has been exceptionally low.