eBay (EBAY) posted a 10% increase in profit and a 31% jump in revenue, helped by expense control and favorable tax and foreign exchange rates. It remains unclear how much the San Jose company has re-accelerated growth in its main U.S. auction marketplace, where it recently instituted changes to generate higher revenue per listing.
Wendy's (WEN) is offering to buy back about 19 percent of its common stock in a tender offer set to begin this month. The buyback of up to 22.2 million common shares is part of a plan Wendy's announced last week to return $1 billion to shareholders over the next three years.
Target (TGT) said it would match Wal-Mart's $4 price on a selection of generic drugs in 12 more U.S. states, including New York and Texas. Wal-Mart (WMT) said earlier today that it was expanding its $4 generic drug program to 14 more states, after launching it in Florida last month.