October 9, 2007 |
louisville, ky. -- Fast-food giant Yum Brands Inc. said Monday that its third-quarter profit rose 17% on the strength of surging sales in its international and China divisions that offset sluggishness in the United States, led by slumping Taco Bell. The operator of KFC, Taco Bell and Pizza Hut reported 28% profit growth in its China division and 21% growth in its international division for the three months ended Sept. 8. Yum's U.S. operation had a scant 1% profit growth for the period.
September 28, 2001 |
In another setback for Walt Disney Co., Moody's Investors Service Inc. lowered the company's credit rating for the first time in five years. Moody's downgraded Disney's senior unsecured debt rating to A3 from A2 and its short-term debt rating to P-2 from P-1. About $12 billion of debt is affected. Downgrades typically raise borrowing costs. The short-term downgrade could make it tougher for Disney to sell commercial paper. Moody's cited concerns about debt from Disney's $5.
October 24, 2013 |
Carl Icahn, the billionaire activist investor who has made a career of pushing companies to make changes to boost shares, published a letter to Apple Inc. Chief Executive Tim Cook urging the company's board to increase the size of a stock repurchase. Icahn promised not to tender his shares if Apple agrees to his proposal to implement a $150-billion repurchase, he said in the open letter that he posted on his website Thursday. Icahn said he has increased his holdings in the company to 4.7 million shares worth $2.5 billion, from 3.4 million shares in August.
June 30, 2006 |
Computer Sciences Corp. said Thursday that its directors authorized the repurchase of nearly one-fifth of its common stock, ending the company's process to explore a possible sale of the business or other "strategic alternative." The El Segundo-based company also said the Securities and Exchange Commission had made an informal request for information related to its stock option grants and option practices.
April 24, 2003 |
WellPoint Health Networks Inc. said Wednesday that its first-quarter profit jumped 37%, exceeding analyst forecasts, in part because of strong enrollment of new members in California. WellPoint posted first-quarter net income of $193.1 million, or $1.29 a share, up from $141.1 million, or 97 cents, a year earlier. The earnings beat Wall Street's average forecast of $1.20 a share, according to a poll by Thomson First Call. WellPoint's revenue rose 23% to $4.8 billion in the period, up from $3.
September 23, 2000 |
Hewlett-Packard Co., the world's No. 3 computer maker, said Friday that Chief Executive and President Carly Fiorina has added the post of chairman, becoming the first woman to hold all three top jobs at a major technology company. Hewlett also announced a $1-billion stock buyback, said it was comfortable with analysts' consensus fiscal fourth-quarter earnings estimate of $1.03 a share and expressed confidence that it would meet revenue growth targets of 15%. Hewlett's shares jumped $9.
January 30, 2003 |
Vivendi Universal's board on Wednesday named three outside directors and announced a new set of corporate governance rules in a further effort to bolster investor confidence in the French media giant. The board also discussed alternatives for the future of the company's U.S. entertainment group, including floating the entertainment assets in a public offering or selling the businesses outright.
May 3, 2000 |
PacifiCare Health Systems Inc. said Tuesday its first-quarter operating earnings rose slightly amid higher premiums and membership, while a 20% stock buyback lifted earnings per share. Based on shares outstanding, the company's earnings rose 21%, well ahead of Wall Street forecasts, but an uptick in the managed-care provider's medical costs sounded warning bells with some analysts. Santa Ana-based PacifiCare, the largest U.S.
August 22, 1998 |
AMP Inc. on Friday urged shareholders to spurn a $9.8-billion buyout offer from AlliedSignal Inc., saying that it's too low and that the world's biggest maker of electrical connectors doesn't fit with AlliedSignal's business. As part of its plan to fight the takeover, AMP named Robert Ripp, its 57-year-old executive vice president of global businesses, chairman and chief executive. Ripp, who is in charge of the company's plan to buoy its shares by closing five plants and cutting 7.