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Stock Buybacks

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  • LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.

  • Aug 6- Time Warner Inc reported a higher-than-expected quarterly profit and boosted its stock buyback program, but the news failed to prevent its shares from tumbling 11 percent a day after Rupert Murdoch withdrew his bid for the company.

  • Aug 6- Digital media and entertainment company AOL Inc reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform. AOL, whose shares were up nearly 4 percent in premarket trading, also said it approved a $150 million share buyback program.

  • The company also announced a plan to buy back up to an additional $1 billion in shares through the end of 2015 after completing a $1 billion program announced last October.

  • July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.

  • United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.

  • *$1 billion repurchase to be completed within three years. *Adjusted profit of $2.34 a share compares with $2.19 estimate. July 24- United Continental Holdings Inc reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock, sending its shares up nearly 4 percent.

  • July 24- American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings. American, the largest airline by traffic, formed from the late-2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4.

  • Halliburton's shares rose 1.5 percent in trading before the bell, after the company also raised its share repurchase program to $6 billion from $5 billion.

  • Signs of bull market slowdown     Wednesday, 9 Jul 2014 | 12:01 PM ET

    Dissecting stock buyback behavior and the correlation to the market's direction, with the FMHR traders, and Mark Hulbert, Marketwatch senior columnist.

  • *Tsogo Sun to buyback shares worth $260 mln from SABMiller. LONDON/ JOHANNESBURG July 7- SABMiller will sell its $1 billion stake in South Africa's top gaming and hotel group Tsogo Sun, the brewer said on Monday, giving it cash to beef up its African beer business.

  • NEW YORK and LOS ANGELES, July 1- Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.

  • NEW YORK and LOS ANGELES, July 1- Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.

  • Santelli Exchange: Inside job     Monday, 30 Jun 2014 | 11:45 AM ET

    CNBC's Rick Santelli discusses how stock buybacks effect valuations. Santelli also weighs in on Facebook and the worth of privacy.

  • Reports are leaking out that Carlos Slim is going to buy back his stake in America Movil. CNBC's Michelle Caruso-Cabrera has the details.

  • US STOCKS-Wall St gains with drugmakers, broadcasters Wednesday, 25 Jun 2014 | 5:09 PM ET

    *Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.

  • This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.

  • The rich get richer as stock buybacks surge Monday, 23 Jun 2014 | 6:39 AM ET
    Trader on the floor of the New York Stock Exchange.

    As the stock market sets a series of historic highs, investors can thank companies for buying back their own shares at a near-record pace.

  • LONDON, June 19- Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds instead of making any major acquisitions. Rolls-Royce shares climbed to 1,076 pence, their highest in over two months, leading Britain's benchmark FTSE 100 index.

  • *Rolls Royce top riser after buyback. EDINBURGH, June 19- European shares rose in early deals on Thursday, boosted after the Federal Reserve said the U.S. economy was making progress and committed to retaining accommodative monetary policy over the long term.