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Icahn acquires stake in Apple, pushes for share buyback
2013-08-14 09:03:00| Telecompaper Headlines
(Telecompaper) Investor Carl Icahn has acquired a stake worth over USD 1.5 billion in Apple and is pushing the company to buy back its own shares. While Apple earlier this year announced a large buyback, Icahn said in an interview with the Wall Street Journal that he wants to see it happen right away, near the current share price, which he considers cheap. "This is a no-brainer to go buy stock in a company that can go borrow" at a low rate, Icahn said in an interview. "Buy the company here and even without earnings growth, we think it ought to be worth USD 625," he said, referring to the stock price, which closed the day of the interview at USD 489.57, having risen 5 percent on the news of Icahn's investment. Icahn also used used Twitter to publicize his move, saying he had a "nice" conversation with Apple CEO Tim Cook and discussed his opinion that "a larger share buyback should be done now". He added that he plans to speak with Cook again "shortly". Steve Dowling, an Apple spokesman, said the company appreciates the interest and investment of all its shareholders. "Tim had a very positive conversation with Mr. Icahn today," he said, without elaborating.
Tags: share
apple
stake
acquires
Southern California wildfire pushes east, forces evacuations
2013-08-09 03:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Firefighters gained ground against a wind-whipped California wildfire that has destroyed 15 buildings, injured at least five people and forced the evacuation of 500 homes in several small communities east of Los Angeles. The fire erupted on Wednesday near a back-country road south of the town of Banning, and by nightfall on Thursday had blackened an estimated 14,000 acres, the Riverside County Fire Department said on its website. Four firefighters and one civilian have been hurt in the blaze, which...
Tags: east
california
southern
forces
Whirlpool pushes to begin TCE remediation work
2013-08-09 00:27:57| Waste Management - Topix.net
Even though Whirlpools' final remedy work plan to clean up toxic, potentially cancer-causing trichloroethylene has not yet been approved by the Arkansas Department of Environmental Quality, it has not stopped the company's environmental consultants from moving forward with at least one part of the proposal.
Tags: work
begin
whirlpool
pushes
UberStudent Pushes Users to the Head of the Class
2013-08-07 14:00:00| TechNewsWorld
Looking for an everything-included Linux distro designed for people who are just transitioning to Linux? Need an OS specifically tailored for students? Then look no further than UberStudent. I have used countless Linux distros, many with features for specialty users such as writers, artists and musicians. None of them had the user experience you get from UberStudent.
US: Poor weather pushes Jones Group to Q2 loss
2013-07-31 16:37:02| Daily apparel & textile news and comment - from just-style.com
US clothing company The Jones Group swung to a second quarter net loss as sales and margins were hit by poor weather which led to more promotions.
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