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Apple rallies as activist Carl Icahn ends his buyback talk. He's in for the long haul, says trader Guy Adami. He's been too "vociferous" to pull out.
*Hasbro rallies after results, upbeat comments. NEW YORK, Feb 10- U.S. stocks ended with modest gains on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen's first testimony before lawmakers.
Feb 10- Billionaire activist investor Carl Icahn has backed off from his proposal that Apple Inc increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.
*S&P 500 coming off best two-day gain in four months. *Hasbro rallies after results, upbeat comments. NEW YORK, Feb 10- U.S. stocks were little changed on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen's first testimony before lawmakers.
Feb 10- Billionaire activist investor Carl Icahn said he saw no reason to keep demanding that Apple Inc increase its stock buyback plans, citing the company's recent stock repurchases as well as an influential proxy adviser's call against his proposal. Apple shares were up 1.8 percent at $529.20 in morning trading.
Carl Icahn backed down from his Apple buyback plan. CNBC's Jon Fortt discusses where Apple should be investing its cash.
Carl Icahn got most of what he wanted from Apple. But is that really good for the company?
*Yelp climbs on deal with Yahoo. *Carl Icahn drops Apple buyback demand. NEW YORK, Feb 10- U.S. stocks were little changed on Monday, on the heels of the S&P 500' s best two-day performance in four months and ahead of new Federal Reserve Chair Janet Yellen's first testimony before lawmakers on Tuesday.
Activist investor Carl Icahn waved the white flag Monday in his campaign to prod Apple into buying back more of its stock.
Feb 10- Carl Icahn said he sees no reason to persist with his proposal that Apple Inc buy back $50 billion of its shares, given the recent share repurchases by the iPhone maker.
"Apple responded to investors' concerns," says New York City Comptroller Scott Stringer (D), in discussing Apple's cash and Icahn's buyback activism with the company.
David Faber reports the latest on the Carl Icahn - Apple saga. Jim Cramer provides insight.
Proxy advisory firm ISS is recommending that shareholders vote against investor Carl Icahn's buyback proposal for Apple. CNBC's Jim Cramer and David Faber provide insight.
Feb 9- Proxy advisory firm ISS said it recommends shareholders vote against activist investor Carl Icahn's share buyback proposal for Apple Inc, according to a report obtained by Reuters on Sunday. "1/ 8 The Apple board 3/ 8 has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts," the ISS report said.
But Apple shares rose 1.4 percent on Friday to $519.68, and the buyback should afford Chief Executive Tim Cook some kudos from big investors like Carl Icahn, who have been urging the company to return more money to shareholders.
SAN FRANCISCO, Feb 7- Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn's demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.
Kill some time playing the latest enterprenerd time-suck on Twitter, the #VCCoverBands hashtag.
CNBC's Jim Cramer explains why Apple's buyback of $14 billion of its stock reminds him of Clint Eastwood's Dirty Harry movie character.
BOSTON/ NEW YORK, Feb 6- In the past, billionaire investor Daniel Loeb would often wait for an industry conference before revealing his investment ideas. Such announcements-- including Loeb's bet on Dow Chemicals and Kyle Bass' bet on General Motors-- often lead to big swings in share prices as other investors pile on.
Under intense pressure from activist investor Carl Icahn to up that $60 billion by another $50 billion, Apple last week beat earnings and revenue estimates but managed to disappoint the market anyway, sparking a double-digit percent sell-off in its shares.