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Stock Market & Financial Investment News

News Breaks
August 18, 2014
17:41 EDTRAXBlue Harbour looks forward to ongoing dialogue with Rackspace on alternatives
Blue Harbour Group, which reported that it owns approximately 9.1M shares or 6.4% of Rackspace Hosting, issued the following statement: Todd R. Marcy, a Managing Director of Blue Harbour, stated, "Rackspace has built an incredibly valuable business with excellent long-term prospects that we believe are not reflected in the company's current share price. We believe the Board and management team are committed to closing this significant valuation gap. We look forward to a constructive, ongoing dialogue on the various alternatives Rackspace has to unlock and deliver meaningful shareholder value, whether as a standalone independent entity or pursuant to the current strategic review process."
News For RAX From The Last 14 Days
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April 23, 2015
09:05 EDTRAXRackspace and Digital Realty launch green U.K. data center
Rackspace (RAX), along with data center and colocation provider Digital Realty Trust (DLR), unveiled its new UK data center based in Crawley, West Sussex. The new operation is the first data center in the UK to make use of 'indirect outside air' cooling technology on this scale, without mechanical cooling, which means the overhead energy required to operate the data center has been cut by almost 80%.
April 22, 2015
08:16 EDTRAXSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
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April 20, 2015
08:25 EDTRAXData centers,connectivity firms should be owned into results, says Pacific Crest
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