eBay (NASDAQ: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 (NASDAQ: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 (NYSE: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 (NYSE:WMT) said earlier today that it was expanding its $4 generic drug program to 14 more states, after launching it in Florida last month.