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Juniper Networks shareholder calls for new strategy
2014-01-14 07:05:00| Telecompaper Headlines
(Telecompaper) Juniper Networks has a new activist shareholder, who has called on the company to cut costs and return more cash to shareholders. Elliott Associates reported a 6.2 percent stake in the network equipment maker and filed a presentation with the SEC on how it would like to see things change at Juniper. Elliott said the company's shares have underperformed, due to an "outsized cost structure, inefficient capital structure, poor M&A track record and execution issues caused by unsuccessful extensions into security and enterprise switching". To improve the performance, the new shareholder would like Juniper to start a programme to cut annual costs by USD 200 million, buy back USD 3.5 billion in shares by the end of 2015 and pledge to return 50 percent of free cash flow to shareholders, and streamline its portfolio, including a review of the security and switching activities. Juniper said it had received the presentation but not yet held talks with Elliott. The company defended its record, noting five consecutive quarters of year-over-year revenue growth, continued efforts to streamline the company's cost base and 105 percent of free cash flow returned to shareholders in the last three years.
Tags: strategy
networks
calls
shareholder
A4A Calls Omnibus Appropriations Bill a Win for Travelers with No New Taxes, More CBP Staff
2014-01-14 06:00:00| Industrial Newsroom - All News for Today
Airlines for America (A4A) deemed omnibus appropriations bill favorable for airline passengers and shippers. Targeted funding and lack of new aviation taxes were cited as helping to ensure reliability and efficiency of air travel while improving how customers travel through security and customs. Another lauded aspect of said bill, of concern to passengers and shippers, includes strategy development to increase risk-based screening eligibility to one-half of all passengers. This story is related to the following:Trade Associations
PETA Protest Calls For Extinction Of Cattle
2014-01-13 18:33:13| Beef
Its hard to believe people still take a group like People for Ethical Treatment of Animals (PETA) seriously, as their escapades are so ridiculous and nonsensical. For instance, California-based SUN News reporters Brian Lilley and David Menzies recently reported on PETAs protest of the dairy industry. The groups logic is laughable, but its also quite disturbing that people could actually have such strong views so lacking in common sense. Keep reading to see what I mean. BEEF Daily read more
Tags: calls
protest
cattle
extinction
Cold Outside? Forecast Calls for Uptick in Global Warming Disbelief
2014-01-12 19:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Scientific American: In more than a decade of reporting on climate change I can say one thing with absolute certainty. When it's cold outside, like during this recent polar vortex in the U.S., people start thinking this whole global warming thing must be overblown. The opposite is also true. Which is why the next summer of El Nino is going to do more for action to combat climate change than any activist or scientific study. Don't believe me? A new social science study in the journal Nature Climate Change backs my...
Tags: global
cold
calls
warming
Heathrow calls price cap 'draconian'
2014-01-10 11:06:33| BBC News | Business | UK Edition
Heathrow accuses the airport regulator of draconian action, after it capped the amount it is allowed to charge its airlines.
Tags: price
calls
cap
heathrow
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