CALIFORNIA | LOCAL
June 18, 2013 |
A gun buyback event held over the weekend in East Los Angeles yielded 152 weapons, the Los Angeles County Sheriff's Department said this week. The cache of weapons exchanged for gift cards to Target or Ralphs included several assault rifles as well as handguns, shotguns and standard riles, the department said. The event was held Saturday at Belvedere Park, one of several such sessions that encourage residents to turn in guns, no questions asked, in exchange for gift cards or in some cases cash.
CALIFORNIA | LOCAL
April 23, 2013 |
Los Angeles officials on Tuesday revealed details of the city's upcoming gun buyback day, the first held after similar events in December yielded record numbers for some area municipalities. Mayor Antonio Villaraigosa and Police Chief Charlie Beck announced that residents can anonymously turn in firearms May 4 and receive up to $100 of Ralph's gift cards for handguns, shotguns and rifles, and up to $200 for assault weapons. Authorities will collect weapons at four locations from 9 a.m. to 3 p.m. that day: The Los Angeles Fire Department Academy, 1700 Stadium Way; a South L.A. park-and-ride parking lot, 1300 West Pacific Coast Highway; the Bethel African Methodist Episcopal Church, 7900 South Western Avenue; and the Van Nuys Masonic Temple, 14750 Sherman Way. Though the event is usually held in the spring, the December shooting at a Newtown, Conn., elementary school prompted officials across Southern California to host buyback days at the end of the year.
CALIFORNIA | LOCAL
February 11, 2008 |
Hundreds of guns were set to be melted down following an Oakland gun buyback held hours after two more people died in a shooting in the violence-plagued city. The Saturday event, organized by state Senate President Pro Tem Don Perata (D-Oakland), had enough funding to take in 300 guns for $250 apiece but ran out as people arrived to turn in trunkloads of weapons. Oakland police issued vouchers for guns given up after the fund was depleted. Earlier, two men were fatally shot outside a house in East Oakland, the southeastern part of the city, bringing the city's homicide total this year to 16. Police say they have no motives or suspects in the killings of Juan Barnes, 34, of Hayward and Alphonso Lawson, 38, of Oakland.
February 17, 2002 |
Among the many casualties of the Enron debacle and its fallout, count corporate America's appetite for its own paper. In January, a mere 18 companies announced plans to repurchase stock, and the total buyback commitment was $1.8 billion, according to Thomson Financial Securities Data. Those figures compare with an average of 64 buyback announcements each month over the last two years and an average total dollar value of $13.6 billion a month. So far in February, 11 companies have committed a total of $7.1 billion to repurchase shares.
January 22, 2008 |
DirecTV Group Inc., the largest U.S. satellite-television provider, said its board approved the repurchase of as much as $1 billion of common stock. The buyback would represent as many as 50.8 million shares, or about 4.4% of DirecTV's outstanding stock, based on the company's $19.67 closing price Friday. The El Segundo company said it had repurchased about $5 billion of stock since February 2006. DirecTV had about 1.16 billion shares outstanding as of Nov. 2. Liberty Media Corp.
October 1, 2013 |
Shareholder activist Carl Icahn broke bread with Apple Chief Executive Tim Cook on Monday to make his case that the company's record stock buyback program was still not enough. Icahn revealed in August that he had purchased about $1 billion worth of Apple's shares. Earlier this year, Apple announced that it had increased its dividend and stock buyback program to more than $100 billion, including $60 billion to buy back shares of the company's stock. Icahn said in his tweet Tuesday that he wants to see the buyback portion increased even further: Had a cordial dinner with Tim last night.