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Stock Buybacks

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  • Nov 20- Canada's Valeant Pharmaceuticals International Inc said it may buy back up to $2 billion worth of securities, replacing a previous $1.5 billion program under which it bought back no securities. The announcement comes a few days after acquisition-hungry Valeant's $54 billion offer to buy Botox maker Allergan Inc was trumped by Actavis Plc's $66...

  • Nov 19- Hedge fund Livermore Partners is pushing for change at U.S. staffing services provider Volt Information Sciences Inc, setting the stage for a potential proxy battle if the company does not act on its demands. It also wants it to sell non-core assets and buy back stock, said David Neuhauser, Livermore's managing director. Volt's share price has...

  • LIVERMORE SAYS WANTS VOLT TO LOOK AT SELLING NON-CORE ASSETS, IMPLEMENTING STOCK BUYBACK.

  • Fan of smart, aggressive buybacks: Cramer     Thursday, 13 Nov 2014 | 6:25 PM ET

    Mad Money's Jim Cramer says if a company shows investors it believes its own stock is cheap, it's a good indicator the stock may be worth buying. Cramer shares companies with the best buybacks.

  • Kimberly-Clark approves $5B stock buyback Thursday, 13 Nov 2014 | 4:28 PM ET

    NEW YORK— Consumer products maker Kimberly-Clark said Thursday it will buy back up to 40 million shares of its stock, or spend $5 billion buying the stock. Kimberly-Clark, the company Kleenex and Huggies, is trading at all-time highs. Kimberly-Clark Corp. had 372.5 million shares on the market as of Oct. 14.

  • Repurchases coming back?     Wednesday, 12 Nov 2014 | 3:45 PM ET

    Goldman Sachs projects share repurchases to surge 18 percent to $707 billion in 2015, reports CNBC.com's Jeff Cox.

  • *Expects to raise $7 bln- $8.5 bln from asset sales by mid-2016. Nov 12- Dow Chemical Co raised its asset sale target by as much as 42 percent to $8.5 billion and increased its share buyback plan by $5 billion, as it looks to thwart hedge fund manager Daniel Loeb's push to split the company. Shares of Dow Chemical, which also raised its quarterly dividend to 42 cents per...

  • Nov 12- A minority shareholder in Tribune Publishing Co urged the company to sell non-core assets and buy back shares, saying the publisher of the Los Angeles Times and Chicago Tribune was undervalued. Engine Capital said Tribune could sell all its non-core assets for at least $150 million. Engine Capital estimated that Tribune trades for less than 3 times...

  • Tribune shareholder urges asset sale, share buyback Wednesday, 12 Nov 2014 | 8:59 AM ET

    Nov 12- A minority shareholder in Tribune Publishing Co urged the company to sell non-core assets and buy back shares.

  • Nov 12- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, increased its dividend and said it would buy back shares worth $5 billion, more than doubling its share repurchase program. Dow, which is being pushed by hedge fund manager Daniel Loeb to split up, said it would complete its previous $4.5 billion share repurchase program by the end of the year.

  • Dow Chemical raises buyback program by $5 bln to $9.5 bln Wednesday, 12 Nov 2014 | 7:40 AM ET

    Nov 12- Dow Chemical Co said it would buy back shares worth $5 billion, bringing its total stock repurchase program to up to $9.5 billion.

  • *Fujifilm to buy back 150 billion yen of own shares over 3- year term. TOKYO, Nov 11- Fujifilm Holdings Corp said it expects its influenza drug Avigan to be approved by international government bodies to treat Ebola after it receives clinical test results as early as the end of the year. "So far, four Ebola patients have recovered after being treated with the drug,"...

  • NEW YORK, Nov 3- Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. Chief Executive Officer Peter Hancock said the company remains "disciplined in our approach to balancing growth, profitability, and risk and focused on maintaining...

  • LONDON, Oct 31- Romanian investment fund Fondul Proprietatea aims to launch its secondary listing in London in December and hopes to get approval from shareholders for another share buyback, the fund's manager Greg Konieczny said. On Friday, Fondul had a market capitalisation of 11.6 billion lei on the Bucharest stock exchange. Templeton has pushed...

  • Oct 29- Goodyear Tire& Rubber Co reported a higher-than-expected quarterly profit as raw material costs fell in North America and the tire maker said it would buy back shares worth up to $150 million in the fourth quarter. Operating income from Goodyear's North America business, which accounts for 44 percent of its total revenue, rose 30 percent in the third...

  • IBM adds $5B to buyback program Tuesday, 28 Oct 2014 | 1:23 PM ET

    Oct 28- IBM Corp said its board had approved a $5 billion share buyback in addition to the $1.4 billion remaining from its existing program. The company has been criticized for pursuing buybacks at the expense of investment in new technology. IBM spent $13.5 billion to repurchase stock in the first nine months of the year, more than double its net income.

  • Oct 28- HCA Holdings Inc, the largest U.S. hospital operator, on Tuesday announced a deal to acquire a Dallas- based provider of urgent-care services and said its board authorized the repurchase of up to $1 billion of its outstanding shares. HCA said its third-quarter net income rose to $518 million, or $1.16 a share, compared with $365 million, or 79 cents a share, a...

  • Nader: Apple buybacks are greedy     Monday, 27 Oct 2014 | 11:32 AM ET

    Consumer advocate Ralph Nader says the conditions are horrible for workers at Apple's Chinese factories, and criticizes the company's buybacks.

  • TOKYO, Oct 27- Japanese stocks rose on Monday as a weaker yen boosted exporter shares and investors confidently awaited upcoming earnings announcements. "Japan's our top pick market to buy back as we head into earnings season," said Jonathan Garner, managing director of research at Morgan Stanley, citing yen weakness as a driver of profit growth.

  • Wall Street breakups a good idea?     Friday, 24 Oct 2014 | 7:55 AM ET

    Peter Weinberg, Perella Weinberg, provides his thoughts on what's driving corporate spinoffs.