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Stock Buybacks

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  • Cree to restructure LED business, cuts revenue forecast Wednesday, 24 Jun 2015 | 4:19 PM ET

    June 24- Cree Inc, a light-emitting diode maker, said it would restructure its LED products business, hurt by a decline in selling price and under-utilization of its factory. Cree, which also lowered its revenue forecast for the fourth quarter, said on Wednesday it would buy back $500 million worth of stock for fiscal 2016.. The company said it expects to take a...

  • NEW YORK— Medical device maker Medtronic said Friday it expanded its stock repurchase authorization, raised its quarterly dividend, and completed two acquisitions for about $200 million total. Medtronic PLC raised its quarterly dividend to 38 cents from 30.5 cents. Medtronic paid $93 million to buy CardioInsight Technologies, a Cleveland company that...

  • A rampant market addiction it's time we all quit Tuesday, 16 Jun 2015 | 9:00 AM ET

    Stock buybacks have been great to investors, but there comes a time to focus on companies spending money on R&D, and that time is now.

  • June 11- Activist investor Elliott Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliott, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • June 11- Activist investor Elliott Management Corp said software maker Citrix Systems Inc should sell some units, cut costs and buy back shares. The investor, which owns 7.1 percent of Citrix, said the company's shares had potential to reach $90- $100 by the end of 2016. Citrix shares closed at $65.97 on Wednesday. In a letter to the company's board on Thursday,...

  • June 11- Activist investor Elliot Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliot, whose 7.1 percent stake makes him one of the top five shareholders of the...

  • Elliot urges Citrix to sell units, buy back shares Thursday, 11 Jun 2015 | 9:03 AM ET

    June 11- Activist investor Elliot Management Corp said software maker Citrix Systems Inc should sell some units, cut costs and buy back shares. The investor, which owns 7.1 percent of Citrix, said the company's shares had potential to reach $90- $100 by the end of 2016. Citrix shares closed at $65.97 on Wednesday. In a letter to the company's board on Thursday, Elliot...

  • Target to hold board meeting: Source Tuesday, 9 Jun 2015 | 4:41 PM ET
    Target to hold board meeting: Source

    CNBC's Courtney Reagan reports a source familiar with the matter says a board meeting for Target is happening tonight.

  • Target: Has been no release from Target Tuesday, 9 Jun 2015 | 4:00 PM ET
    Target: Has been no release from Target

    Target's spokesperson has told CNBC's Courtney Reagan, there has been no press release from their company regarding dividend and buyback news. "Fast Money" trader Guy Adami has the trade.

  • Target denies issuing $5B share buyback release Tuesday, 9 Jun 2015 | 3:59 PM ET
    Target store

    After releasing a statement, Target is now denying it announced a $5 billion stock buyback boost and an increase to its dividend.

  • *Wendy's launches $850 mln share buyback on Wednesday. June 3- Hamburger chain Wendy's Co will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program. Wendy's shares rose as much as 5.5 percent to an over seven-year high of $11.71 on Wednesday.

  • June 3- Nelson Peltz's Trian Group said it planned to reduce its stake in hamburger chain Wendy's Co to 17.0-19.7 percent in the "next few months" from 24.8 percent. As a part of the plan, Wendy's will buy back $211 million of its shares from Trian, its largest shareholder, under a $1.4 billion share buyback program it announced on Wednesday. Wendy's said it expected...

  • Hamburger chain Wendy's to buy back $1.4 bln of shares Wednesday, 3 Jun 2015 | 7:52 AM ET

    June 3- Hamburger chain Wendy's Co said it would buy back $1.4 billion of shares by the end of 2016, including $211 million from Nelson Peltz's Trian Group, its largest shareholder. The company also adjusted its full-year earnings forecast on Wednesday to reflect the sale of its bakery operations. Wendy's said it expected 2015 adjusted earnings of 31- 33 cents...

  • Activist investors hurting U.S. economy? Wednesday, 27 May 2015 | 4:00 PM ET
    Activist investors Dan Loeb, Carl Icahn and Nelson Peltz.

    Larry McDonald of Societe Generale and Erin Gibbs of S&P Capital IQ discuss the impact of activist investors with Brian Sullivan.

  • BlackBerry to buy up to 12 mln shares for cancellation Thursday, 21 May 2015 | 6:15 PM ET

    May 21- Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. BlackBerry said it would buy the shares, representing about 2.6 percent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.

  • May 18- Video game publisher Take-Two Interactive Software Inc, reported a better-than-expected quarterly profit, helped by strong sales of its "Grand Theft Auto V" and " NBA 2 K15" titles. Take-Two Interactive Software also increased its stock buyback plan to 10 million shares. Sales of the physical retail version of "Grand Theft Auto V" ranked among NPD Group's top...

  • May 18- Billionaire investor Carl Icahn said Apple Inc's stock was "still dramatically undervalued" and that it should be trading at $240, up from his earlier estimate of $216. Apple boosted its share repurchase program in April to $140 billion from $90 billion announced last year and raised quarterly dividend by 11 percent to 52 cents per share.

  • May 18- Apple Inc remains "dramatically undervalued", activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.

  • Binge on buybacks? Thursday, 14 May 2015 | 12:43 PM ET
    Binge on buybacks?

    Hardeep Walia, Motif Investing CEO, discusses the motif comprised of companies with the highest buyback yield.

  • May 13- Southwest Airlines Co's board of directors on Wednesday raised the company's quarterly dividend and authorized a new $1.5 billion share buyback program, according to a news release. Southwest estimated the new dividend payments will amount to $200 million annually, based on shares outstanding on May 11. Southwest returned almost $1.1 billion to...