NEWS: Dollar General's fiscal third-quarter net income climbed 14 percent as traffic improved and shoppers spent more per transaction on average. The discounter also lifted the low end of its full-year adjusted earnings forecast and boosted its stock repurchase authorization by $1 billion.» Read More
Federal Reserve on Monday said it approved new capital plans by Goldman Sachs and JPMorgan Chase, after initially ordering the banks to fix flaws in their capital planning processes. In March, the Fed said Goldman and JPMorgan could move forward with plans to buy back shares and pay dividends.
NEW YORK/ SAN FRANCISCO, Nov 26- Activist investor Carl Icahn will sell all his shares in Take-Two Interactive Software Inc back to the videogame company, netting a fat return on his investment in the "Grand Theft Auto" publisher.
Shares of Take-Two slid after the company said it would buy back all of activist investor Carl Icahn's shares. CNBC contributor Herb Greenberg discusses buyback rules for investors. Andrew Stoltmann, Stoltmann Law Offices, and CNBC's Kayla Tausche weigh in.
NEW YORK, Nov 26- Take-Two Interactive Software Inc on Tuesday said it was buying back all of Carl Icahn's shares in the videogame publisher, and three directors nominated by the activist investor have resigned. Take-Two said Brett Icahn, Jim Nelson and SungHwan Cho had left the board.
NEW YORK, Nov 26- Take-Two Interactive Software Inc on Tuesday said it is buying back all of Carl Icahn's shares in the company, and three directors nominated by the activist investor have resigned. The video game publisher said it will pay the $203.5 million purchase price for the 12.02 million shares it bought from cash and cash equivalents on hand.
BOCA RATON, Fla.-- Home security company ADT is buying back $450.7 million worth of common stock from Corvex Management as the investment firm's founder leaves its board. The Boca Raton, Fla. company's stock declined $2.95, or 6.7 percent, to $41.05 in midday trading Monday. ADT was spun of from Tyco International Ltd. last year.
Joe Jimenez, CEO of Novartis, discusses the $5 billion share buyback program. He also says the Novartis pipeline is very strong, with many upcoming blockbuster drugs.
LONDON, Nov 22- European shares opened higher on Friday, lifted by Swiss drugmaker Novartis after a $5 billion share buyback announcement, with sentiment also supported by rallies in U.S. and Japanese shares overnight.
The "Fast Money" traders discuss Yahoo's addition of $5 billion to expand its share buyback program.
Nov 11- Network equipment maker Emulex Corp will buy $200 million of its shares and reconstitute its board, following pressure from two of its major shareholders. Activist hedge fund Starboard Value LP and Altai Capital had been agitating to include shareholder advocates on the Emulex board.
Carl Icahn and Apple CEO Tim Cook have had another "good conversation," as they study a potential buyback, reports CNBC's Scott Wapner. Also, Transocean has raised its dividend after Icahn's push.
*Siemens CEO says will hold off presenting strategy until May. BERLIN, Nov 7- Siemens' new Chief Executive Joe Kaeser promised on Thursday to buy back up to 4 billion euros worth of shares while asking investors for patience as he works out a strategy by May to close a gap with more profitable rivals.
Corporate America has been announcing share buybacks at a near record pace, supporting richer stock prices for companies with low earnings growth.
*IBM climbs on buyback announcement and lifts Dow. NEW YORK, Oct 29- The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day's gains.
NEW YORK, Oct 29- The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback. The Dow Jones industrial average was up 111.42 points, or 0.72 percent, to end unofficially at a record 15,680.35.
*IBM climbs on buyback, dividend announcement. *Apple down a day after reporting results; JPMorgan shares slip. NEW YORK, Oct 29- U.S. stocks rose on Monday, extending the S&P 500' s string of record highs, as economic data supported views the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a buyback.
Oct 29- IBM has approved another $15 billion for share buybacks on top of about $5.6 billion set aside previously and left over from an earlier authorization, helping its shares gain 2 percent on Tuesday. The latest authorization takes the total set aside for its stock repurchase program to $20.6 billion, to be executed at the company's discretion.
Rosabeth Kanter, Harvard Business School, and Jeffrey Sonnenfeld, Yale School of Management, discuss whether talk of Carl Icahn's activism is relevant to the future of the tech giant. "Cook is doing an exemplary job," adds Kanter, sharing her thoughts on Apple's CEO.
Bob Dudley, CEO of BP, talks about the dividend rise and share buyback program and the group's venture in Russia.
Oct 28- Mosaic Co's plans to buy back shares will not be affected by the fertilizer company's agreement to buy the phosphate business of CF Industries Holdings Inc, Mosaic Chief Financial Officer Larry Stranghoener said on Monday.