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Stock Buybacks

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  • Sept 18- Stock market indexes provider MSCI Inc declared its first-ever quarterly dividend and more than doubled its stock repurchase program to $850 million from $300 million.

  • Humana board OKs $2 billion in share repurchases Tuesday, 16 Sep 2014 | 7:24 AM ET

    LOUISVILLE, Ky.— Humana's board of directors has replaced the health insurer's share buyback plan with a bigger authorization for $2 billion in repurchases. It replaces a $1 billion buyback plan, of which about $782 million was outstanding after the insurer bought back $118 million in shares in the third quarter.

  • Allegiant CEO sells $25M in shares back to company Friday, 12 Sep 2014 | 1:25 PM ET

    LAS VEGAS— The CEO of Allegiant Travel has sold $25.2 million in stock back to the company, using up most of the available authority in Allegiant's share-buyback program.

  • BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.

  • Alibaba roadshow moves to Boston     Tuesday, 9 Sep 2014 | 9:47 AM ET

    CNBC's David Faber and Jim Cramer discuss the talk on Wall Street over Chinese e-commerce company Alibaba's pricing between $60 and $66 per share.

  • *To buy back $4 billion of shares. LONDON, Sept 9- Swiss engineering group ABB said it would buy back $4 billion of shares, offering a sweetener to investors after a series of problems at its power systems unit and in the face of sluggish global growth.

  • European shares edge higher, Telecom Italia gains Tuesday, 9 Sep 2014 | 3:25 AM ET

    LONDON, Sept 9- European shares edged higher in early trading on Tuesday, with Telecom Italia gaining after some interest in its Brazil unit and ABB rallying after unveiling a plan to buy back shares.

  • Charles Biderman, TrimTabs Investment Research CEO, analyzes current market conditions.

  • Aug 25- An activist investor urged women's apparel retailer Ann Inc to sell itself, saying it could fetch as much as $2.52 billion, failing which each of the company's board members should buy back stock as a "sign of confidence".

  • COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.

  • *London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.

  • *BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.

  • 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.