Billionaire investor Carl Icahn and several hedge funds are expected to file with U.S. regulators their plans to improve the performance of Time Warner Inc., The Los Angeles Times reported on Friday.
In the filing, Icahn is expected to call for Time Warner, the world's largest media company, to expand a stock buyback plan by $10 billion to $20 billion and to radically reduce its costs, according
to the newspaper.
Read the whole story at Reuters, August 12, 2005 »