Apple upstaged Wednesday's release of its fiscal second-quarter earnings by announcing plans to send more cash to its shareholders and split its stock for the first time in nine years. This is what Apple is doing:. The commitment increases Apple's stock buyback program to $90 billion.» Read More
SAN FRANCISCO— Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace of innovation.
CUPERTINO, Calif.— Apple increases stock buyback program to $90 billion, raises dividend as revenue growth slows.
Boeing's report "gives much more confidence about the ability to return cash," said Ken Herbert, an analyst at Canaccord Genuity Inc.. Boeing spent nearly $3 billion in the first quarter to buy back some 19 million shares and pay dividends, most of the expected amount for the year, according to analysts.
Apple increases stock buyback, will split stock Facebook 1 Q results soar; CFO to step down US stocks edge lower after a six-day rise Wellness programs grow more popular with employers Q&A: A French economist's grim view of wealth gap Zynga founder Pincus leaving operations role Buffett disapproves of Coca-Cola's pay plan Sales of new US homes plunge 14.5 percent in March Faster production brings Boeing $965 M 1 Q profit Oil falls as US oil supplies rise by 3.5 M barrels
NEW YORK— Calpine Corp. said Monday that it has agreed to sell six of its power plants, including two in Alabama, to privately-held LS Power Equity Advisors for $1.57 billion. Houston- based Calpine plans to use the money to pay down debt, acquire other sites or buy back its stock, said CEO Jack Fusco.
CNBC's Josh Lipton reports Apple's buyback program could get a big boost when the company reports earnings next Wednesday.
"In this period of time what we're witnessing is the fruits of intense and unreasonable regulation out of Washington," says Ken Langone, Home Depot co-founder, discussing the current market cycle and what the economy needs to start growing.
NEW YORK, April 3- Citigroup Inc said on Thursday that Gene McQuade, a bank executive who was retiring to become a director, will lead a new push to win permission from the Federal Reserve to pay higher dividends and buy back stock. Corbat said the Fed's rejection last week of Citigroup's plan to distribute capital "is a call to action for our firm."
David Winters, Wintergreen Advisers CEO shares his opinions on Coca-Cola's compensation strategy. Winters believes the amount of shares issued to executives is excessive and Coke is hijacking its shareholder buyback program.
The "Squawk on the Street" news team discuss the decision by the Fed to reject the plans of Citigroup to raise dividend payments and increase stock buybacks.
WASHINGTON/ NEW YORK, March 26- The Federal Reserve on Wednesday rejected Citigroup Inc's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.
CNBC's Patti Domm and Bob Pisani discuss the latest information on IPOs, including latest IPOs, expected IPOS, recent filings and performance.
HONG KONG, March 21- China indexes extended gains on Friday afternoon, as investors bought shares after the expiry of Chinese futures, focusing on sectors such as coal and banks which have been hammered recently on concerns about the slowing economy. The Shanghai Composite Index was up 2.6 percent at 0628 GMT, after opening down on Friday morning.
Shares of World Acceptance Corp. tanked after news the company received a civil investigative demand from the Consumer Financial Protection Bureau. CNBC's Herb Greenberg wonders what took the CFPB "so long."
March 12- Doughnut retailer and wholesaler Krispy Kreme Doughnuts Inc raised its full-year earnings per share forecast and said it would buy back $30 million more of its shares.
March 11- Canadian Pacific Railway, the country's second-largest rail operator, said on Tuesday it will buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year.
March 11- Canadian Pacific Railway, the country's second-largest railroad, said it would buy back up to 5.3 million shares, or about 3 percent of its total outstanding shares, over the next year. Canadian Pacific shares closed at C $171.30 on Monday on Toronto Stock Exchange, valuing the buyback program at about C $903 million.
ZURICH, March 6- Computer accessories maker Logitech raised its guidance for the fiscal year starting in April on Thursday, sending its shares up more than 6 percent. Chief Executive Officer Bracken Darrell said in a statement he was confident Logitech was on the right track with its turnaround strategy.
*Qualcomm increases repurchase program, dividend; shares jump. NEW YORK, March 4- U.S. stocks rallied on Tuesday, with the S&P 500 at a record high, as fears of a confrontation between Russia and Ukraine eased and Russian President Vladimir Putin said there was no need to use military force in the Crimea region for now.
March 4- Qualcomm Inc, the world's biggest cellphone chip maker, raised its share repurchase authorization by $5 billion to $7.8 billion. The company also raised its cash dividend by 20 percent to 42 cents per share, effective for quarterly dividends payable after March 26. Qualcomm said $2.8 billion remained under the previous stock repurchase plan.