NEWS: Dollar General's fiscal third-quarter net income climbed 14 percent as traffic improved and shoppers spent more per transaction on average. The discounter also lifted the low end of its full-year adjusted earnings forecast and boosted its stock repurchase authorization by $1 billion.» Read More
Oct 24- "Bond King" Bill Gross, co-chief investment officer of PIMCO, butted heads on Thursday with billionaire investor Carl Icahn, telling Icahn to leave Apple Inc alone after he again urged the iPhone maker to initiate a tender offer to buy back $150 billion of its shares.
Oct 24- Billionaire investor Carl Icahn fired his latest salvo at Apple Inc Chief Executive Tim Cook on Thursday, urging the iPhone maker again to initiate a $150 billion buyback through a tender offer- but pledging to keep his own stock out of it.
If Apple doesn't do a buyback, Carl Icahn, Icahn Enterprises chairman, says he will test the waters on a "proxy fight." He thinks the stock is very "undervalued," and intends to up his stake in the company, which currently stands at $2.5 billion. CEO Tim Cook is doing "great job," he says, but it is derelict to not do a buyback. The activist investor also weighs in on Netflix and Herbalife.
Oct 24- Billionaire investor Carl Icahn, in a public letter to Apple Inc. Chief Executive Tim Cook on Thursday, urged Apple to start an immediate tender offer of $150 billion.
Oct 24- Billionaire investor Carl Icahn said he would withhold his shares of Apple Inc from a $150 billion buyback that he has proposed for the iPhone maker. "There is nothing short-term about my intentions here," Icahn wrote in a letter to Apple Chief Executive Tim Cook dated Oct. 23 and published on Thursday.
CNBC's Scott Wapner reports that Carl Icahn has sent a letter to Apple CEO Tim Cook in which he continues to press his case for a big stock buyback and offers to make some kind of "pledge" to the company.
*Third-quarter operating earnings/shr $2.35 vs est $2.05. Oct 22- Travelers Cos Inc reported a third-quarter profit that beat analysts' estimates, and the U.S. insurer announced a $5 billion buyback program, sending its shares up 3 percent in trading before the bell. On a per share basis, earnings increased to $2.30 from $2.21 per share a year earlier.
Oct 22- U.S. insurer Travelers Cos Inc said it would buy back an additional $5 billion of its shares under a new program. The company said the buy back was in addition to the $759 million that remained from previous repurchase plans as of Sept. 30. On a per share basis, earnings increased to $2.30 per share from $2.21 per share a year earlier.
TORONTO, Oct 21- Royal Bank of Canada said on Monday it plans to buy back up to 30 million of its common shares, representing about 2.1 percent of the bank's outstanding common shares as of Sept. 30.
Oct 18- Safeway Inc said on Friday its board authorized an additional $2 billion in stock repurchases, adding to the roughly $800 million the grocery store operator had left under an existing authorization at the end of the third quarter. Shares of Safeway rose to $34.00 in premarket trading after closing at $33.38 on Thursday.
Oct 15- United Rentals Inc's third-quarter net income nearly doubled and the company's board approved a share repurchase program of up to $500 million. Shares of the world's largest equipment rental company shot up 7 percent to a life-high of $61.43 before easing back to close at $59.79 on the New York Stock Exchange.
*Deal key for Vivendi to streamline holdings. DOVER, Del., Oct 10- The Delaware Supreme Court swept aside a lower court order on Thursday that had halted Activision Blizzard Inc's $8.2 billion deal to buy back its stock from Vivendi SA. The ruling clears the way for the deal to close by its deadline of Tuesday, when Vivendi could have walked away.
DOVER, Del., Oct 10- The Delaware Supreme Court swept aside a lower court order on Thursday that had halted Activision Blizzard Inc's $8.2 billion deal to buy back its stock from Vivendi SA.
*Sirius XM to buy back $500 mln stock from Liberty Media. Oct 10- John Malone's Liberty Interactive Corp said it would spin off online retailer BuySeasons and its stake in travel website TripAdvisor Inc, as part of a plan to split itself into three.
Men's Wearhouse has rejected an acquisition bid from its smaller rival, saying the offer significantly undervalues the company, reports CNBC's Courtney Reagan.
Oct 3- U.S. drugmaker Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said it would have to cut costs to achieve its financial goals through 2014, but would buy back $5 billion of its stock over time.
Oct 3- U.S. drugmaker Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said it would be able to meet its financial goals through 2014 with difficulty and announced it would buy back $5 billion of its stock over time.
Billionaire Carl Icahn wants Apple stock to go up and thinks a massive buyout could achieve that, but the tech giant may not like that idea, reports CNBC's Jon Fortt.
Jeffrey Sonnenfeld, Yale School of Management, and Steve Cook, Revolution chairman & CEO discuss the role of top-tier management when dealing with high-powered activist investors, as reports surface of a lunch date between Apple CEO Tim Cook and billionaire investor Carl Icahn.
Sept 25- Network equipment maker Brocade Communications Systems Inc said it raised its share buyback program to $1 billion from $308 million. The company, which has a market value of about $3.62 billion, did not specify the period over which it will buy the shares back. Brocade Communications shares were up about 3 percent in premarket trading.