The business-software company adopted a shareholder-rights plan to fend off a proxy fight by hedge fund Elliot Associates LP.

WSJ: U.S. Stocks Fall Broadly Amid Greece Worries

Earlier this year the struggling newspaper publisher fought a proxy battle from a hedge fund pushing for big changes at the company.

ECONOMIST: Business this week

Hess made a modest concession to the activist investors staging a proxy fight Friday, but hedge fund Elliott Management says the move is an empty gesture.

FORBES: Move up http://i.forbesimg.com t Move down