Reuters - Video

EDITION: U.S. | U.K. | IN

Finance Videos

3XSQ: David Einhorn sues Apple over preferred stock proposal

Thursday, 07 Feb, 2013 - 03:32

Feb 7 - David Einhorn's Greenlight Capital has filed suit against Apple over a proposal in Apple's proxy to eliminate preferred stock.

▲ Hide Transcript

View Transcript

The three Times Square this Thursday from what -- world headquarters in New York. -- power player of the day taking on eight tech -- But not the way you might think. It's Green -- Capital David Einhorn famous for sure and companies like green mountain coffee this time he's going after apple. -- suing the company to try to block effort to stop issuing preferred shares. In an SEC filing and we might capital says preferred share issuance from apple. Would unlock shareholder value he also told CNBC he owns more shared than ever before and believe the stock is significantly undervalues. Shares were up a bit in premarket and are now roughly flat. I'm bored and dissatisfied. Many retailers. Are satisfied. Our -- did hit 5% the gaining comparable store sales for the US retailers tracked by Thomson Reuters in January. Far ahead of the 3.5 percent estimate. What is include Macy's whose sales climbed nearly 12% way ahead of estimates also said sales for the entire quarter up estimates. Target also outperforming those sales there were up just 3%. It's that shoppers are showing discipline as a result of the increase in payroll taxes. Checking shares of some of the retailer -- you can see Macy's is up target is down a bit Nordstrom also outperformed. And is just slightly down there awhile specialty retailer can't court reported court sales and it is down as well. Results less positive at the New York Times the company reporting higher revenue as more people papered digital newspapers. But advertising revenue fell three point 1% even with an extra week in the quarter. Earnings adjusted for special items slightly exceeded the ethnic. Another media powerhouse with results is News Corp. strong growth at cable networks like aspects authentic witnesses of the Fox Network. The company overall reporting higher quarterly revenue and profit but audiences for shows like American Idol continues to shrink. The company also seen weakness in some European operations as the atlas air drag on. The effects of superstar and -- reflected in all states earnings quarterly profit fell 45%. Losses from the storm. But the insurance and it paid about 95% -- claims. Those payouts of course we'll circle back to the consumer in the form of higher home insurance prices throughout the industry says chief executive Thomas Wilson. Catastrophe losses for the company were one point six billion for the fourth quarter. Wilson sees modest price increases in auto insurance industry wide. And finally you know it's not October best but another reason to raise a glass in Germany. Folks in the city of Cologne Don their best drinking does to celebrate the four month carneval season. -- locally as the fifth season in the city's ultra mark's square. Strangers could be seen linking arms inflame international ballot the brass band with large amounts of national -- beer called all good news. And it noticed many of the revelers and it'll light. A beer goggles for baby boomers. That is the latest entry Times Square this Thursday you can follow us on Twitter at letters insider and get corporate -- think he had at Reuters dot com slash -- TV. I'm Lisa Bernhard. Is right.

3XSQ: David Einhorn sues Apple over preferred stock proposal

Thursday, 07 Feb, 2013 - 03:32

Editors' Picks »

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, 16 Jul, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, 25 Jun, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, 02 Jun, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, 27 May, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, 08 May, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, 05 May, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, 08 Apr, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, 24 Mar, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, 17 Mar, 2014 - (7:38)

Oddly Enough »

Group shatters record for longest flower garland by a mile Group shatters record for longest flower...

Wed, 27 Aug, 2014 - (1:30)

Masked hero sweeps clean Masked hero sweeps clean

Tue, 26 Aug, 2014 - (1:10)

Right muddy mess at World Bog Snorkeling Championships Right muddy mess at World Bog Snorkeling...

Tue, 26 Aug, 2014 - (1:11)

Hello Kitty conquers space Hello Kitty conquers space

Mon, 25 Aug, 2014 - (1:11)

Japanese zoo welcomes red panda cub Japanese zoo welcomes red panda cub

Mon, 25 Aug, 2014 - (0:42)

Is it a plane? No, it's a hoverbike Is it a plane? No, it's a hoverbike

Fri, 22 Aug, 2014 - (2:40)

Fox kicks off "Simpsons" mega marathon Fox kicks off "Simpsons" mega marathon

Thu, 21 Aug, 2014 - (0:56)

Six-story tall duck floats into L.A. port Six-story tall duck floats into L.A. port

Thu, 21 Aug, 2014 - (1:02)

Young artist paints surreal illusions on bodies Young artist paints surreal illusions on...

Thu, 21 Aug, 2014 - (1:30)

Snow leopard cubs make Bronx Zoo debut Snow leopard cubs make Bronx Zoo debut

Wed, 20 Aug, 2014 - (0:41)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, 03 Jul, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, 20 Jun, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, 06 Jun, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, 30 May, 2014 - (1:37)