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Tag: backs
Icahn backs off from Apple buyback plan
2014-02-10 22:33:00| Telecompaper Headlines
(Telecompaper) Investor Carl Icahn has abandoned his months-long campaign to get Apple to buy back additional portions of its stock, following news that a major advisory firm and investor would not offer support for the plan, reported CNN. In an open letter to Apple shareholders, Icahn said he agrees with ISS, an advisory firm, that Apple has already bought back a large amount of its stock, and there is not a need for more aggressive action. "While we are disappointed that last night ISS recommended against our proposal, we do not altogether disagree with their assessment," read the letter, which noted that Apple is on course to buy back USD 32 billion in shares during 2014, an amount that is USD 18 billion short of what Icahn was asking for. "In light of these actions, and ISS's recommendation, we see no reason to persist with our non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target," the letter said. New York City Comptroller, Scott Stringer, who controls investments in the city's pension plan and is a major investor in Apple, also disagrees with Icahn's buyback plan. Icahn has purchased more than USD 4 billion in Apple stock since summer 2013 and had been pushing the company to buy back additional stock and launch new products at a faster pace.
Tags: plan
apple
backs
buyback
Interview: Innovation backs Burlington's 90 years in business
2014-02-07 15:51:00| Daily apparel & textile news and comment - from just-style.com
Founded in 1923, North Carolina-based Burlington Industries has spent the last 90 years transforming itself into the world's largest textile manufacturer. Here, president Jeff Peck talks to Michelle Russell about the secrets to the company's success, the ongoing challenges facing the textile industry, and what the future is likely to hold.
Tags: business
years
interview
innovation
Cole Davis $6M Gift Backs University of Arizona
2014-02-05 15:48:10| Mobile Homes - Topix.net
Cole and Jeannie Davis, currently residing in Tucson, Ariz., have committed a $6 million leadership gift to the University of Arizona in order to initiate the first phase of renovations to the school's McKale Memorial Center.
Tags: gift
university
arizona
davis
Broad coalition backs Keystone XL oil pipeline
2014-02-04 14:33:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: An unusual coalition of lawmakers from both parties, labor and business leaders, veterans groups and Canada's ambassador to the United States joined forces Tuesday to push for quick approval of the Keystone XL oil pipeline. Five Democrats joined Republicans at a Capitol news conference to urge President Barack Obama to approve the pipeline following a State Department report last week that raised no major environmental objections. The $7 billion pipeline would carry oil from tar sands in western...
Tags: oil
broad
coalition
pipeline
Usa Today poll: Slight majority backs Keystone pipeline
2014-01-29 03:45:52| Energy - Topix.net
A slight majority of Americans favor the controversial Keystone XL oil pipeline that President Obama is expected to approve or reject this year, finds a poll conducted for USA TODAY.
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