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Stock Buybacks

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  • Home Depot quarterly profit rises 36 percent Tuesday, 24 Feb 2015 | 6:14 AM ET

    Feb 24- Home Depot Inc, the world's No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit and said it would buy back $18 billion of shares. Home Depot's net income rose to $1.38 billion, or $1.05 per share, from $1.01 billion, or 73 cents per share, a year earlier as an improving job market encouraged Americans to spend more on renovations.

  • NEW YORK— Keurig said Monday that it will pay about $624 million to buy back its shares owned by Italian coffee company Luigi Lavazza SpA. It sold about 2 million shares between Jan. 26 and Feb. 3, and about 380,000 shares on Jan. 23, according to filings with the U.S. Securities and Exchange Commission. Shares of Keurig Green Mountain Inc., based in Waterbury, Vermont,...

  • Feb 23- Keurig Green Mountain Inc, the maker of the K-Cup single-serve coffee pod, will buy back nearly half of Italian coffee maker Luigi Lavazza SpA's stake in the company for about $624 million. Lavazza had a 6.6 percent stake in Keurig as of Feb. 4, according to a regulatory filing earlier this month. Keurig said on Monday it would buy back about 5.2 million shares...

  • UAW president: GM share buyback proposal premature Saturday, 21 Feb 2015 | 12:24 AM ET

    The UAW's president, whose union indirectly controls the largest block of General Motors shares, said a $8 billion GM stock buyback proposal is premature.

  • Feb 20- Activist investor Marcato Capital Management LP said auction house Sotheby's should repurchase $500 million stock immediately and replace its chief financial officer, a week after the company said there will be no return of capital. Marcato, Sotheby's second-largest shareholder after Daniel Loeb's Third Point LLC, said there was "willful neglect" on...

  • DETROIT, Feb 20- United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co shares, told Reuters an investor group's proposal that GM buy back $8 billion of its stock is premature, and the amount too high for the company's long-term health. An investment firm controlled by Harry Wilson, a former...

  • Feb 20- Activist investor Marcato Capital Management LP said auction house Sotheby's should repurchase $500 million stock immediately and replace its chief financial officer. Marcato, Sotheby's second-largest shareholder after Daniel Loeb's Third Point LLC, said there was "willful neglect" on the part of both management and the finance committee that...

  • NORWALK, Conn.— The Priceline Group Inc.' s fourth-quarter results topped Wall Street expectations, thanks in part to hotel and car rental reservation growth. Shares of Priceline climbed more than 8 percent in Thursday morning trading. Priceline's stock gained $90.82, or 8.1 percent, to $1,213.81.

  • *Fanuc to spend $844 million on new plant. TOKYO, Feb 16- Japanese industrial robot maker Fanuc Corp on Monday said it would double its planned investment in a new factory, a week after hedge fund Third Point called on the firm to use its cash pile to boost shareholder returns by buying back shares. The cash-rich company said its decision to spend 100 billion yen on...

  • Rio Tinto CEO: We surprised the market  Thursday, 12 Feb 2015 | 8:23 AM ET

    We're very focused on profit, says Sam Walsh, Rio Tinto CEO, weighing in on his company's quarterly results, the mining economy, and $2 billion buyback plan.

  • Feb 11- PepsiCo Inc on Wednesday reported a higher-than-expected quarterly profit, helped by increased sales at its Frito-Lay snack business, and said it would buy back up to $12 billion in stock by 2018.. The company also raised its annual dividend by 7.3 percent to $2.81 per share and said it expected to return $8.5 billion to $9 billion to shareholders through...

  • Feb 11- PepsiCo Inc reported a better-than-expected quarterly profit, helped by higher sales at its Frito-Lay snack business, and said it would buy back shares worth up to $12 billion by 2018.. Pepsi also hiked its annual dividend by 7.3 percent to $2.81 per share and said it expects to return about $8.5- $9 billion to shareholders through dividends and buybacks...

  • Feb 10- Western Union Co said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares. Western Union is cutting prices in parts of the United States where it is experiencing the maximum competitive pressures, company executives said on a conference call.

  • Feb 10- Western Union, the world's largest money-transfer company, reported a better-than-expected quarterly profit, helped by cost cuts and a lower tax bill, and it said it would buy back up to $1.2 billion of shares. Western Union, which gets most of its business from migrant workers sending money home, also forecast 2015 profit above analysts' estimates.

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Plans by General Motors Co's chief executive officer to keep a big cash cushion for the automaker has come under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he...

  • Feb 10- Deutsche Bank said it expects Citigroup Inc to buy back $1 billion in shares every quarter and other U.S. banks to modestly boost dividends and share buybacks as part of their capital deployment plans under the Federal Reserve's stress test. Deutsche Bank upgraded Citigroup's stock to "buy" from "hold," saying the sale or an initial public offering of the...

  • Feb 9- Drugmaker Pfizer Inc said it entered into an agreement with Goldman, Sachs& Co to buy back $5 billion of its stock. Pfizer said the accelerated share repurchase was assumed in the forecast for the full year it provided last month. Under the agreement, which forms a part of Pfizer's existing buyback authorization, about 150 million shares will be bought.

  • Feb 4- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums, and the company said it would buy back $3 billion in shares. Allstate's shares, however, fell 2.5 percent in extended trading after the company said claim frequency for auto insurances rose in...