Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahns demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month. The board and management team have demonstrated a strong commitment to returning capital to shareholders over the past […]
NEW YORK (AP) — Verizon says its shareholders have approved its $130 billion deal to buy the 45 percent stake in its wireless division owned by British cellphone carrier Vodafone.
(Reuters) – Network equipment maker Emulex Corp said it would cut 110 jobs, or 10 percent of its workforce, and close an engineering facility as part of a restructuring program initiated last month under pressure from shareholders. Emulex said it expects to incur pretax charges of $9 million-$10 million related to the job cuts, mainly […]
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