Stock Buybacks


  • Cramer: Citi rejection devastating     Thursday, 27 Mar 2014 | 9:01 AM ET

    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.

  • IPO bubble? Not yet     Wednesday, 26 Mar 2014 | 10:47 AM ET

    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.

  • World Acceptance investigated by CFPB     Thursday, 13 Mar 2014 | 2:43 PM ET

    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.

  • UPDATE 1-CP Rail to buy back up to 5.3 mln shares Tuesday, 11 Mar 2014 | 9:51 AM ET

    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.

  • Canadian Pacific to buy back up to 5.3 mln shares Tuesday, 11 Mar 2014 | 8:15 AM ET

    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.

  • Qualcomm raises share repurchase program by $5 bln Tuesday, 4 Mar 2014 | 7:43 AM ET

    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.

  • *Attributable earnings $1.53 vs est $1.28. Feb 20- Satellite TV provider DirecTV on Thursday reported fourth-quarter results that topped Wall Street estimates with better-than-expected U.S. growth and announced a $3.5 billion share buyback, sending its stock up nearly 3 percent.

  • TORONTO, Feb 20- Canadian coffee and doughnut chain Tim Hortons Inc reported weaker-than-expected results on Thursday, hurt by slowing growth, but its stock jumped as it hiked its dividend and made plans to buy back up to C $440 million in shares.

  • Feb 20- DirecTV, the largest U.S. satellite TV company, reported fourth-quarter results above analysts' estimates as it made more from each subscriber in the United States, and the company authorized a $3.5 billion share repurchase program. DirecTV's shares rose 1.8 percent in premarket trading.

  • Feb 20- Canadian coffee and doughnut chain Tim Hortons said it would buy back up to C $440 million in shares and raise its quarterly dividend, in the face of pressure from shareholders to return capital.

  • *Underlying profit of $7.76 bln v $6.9 bln consensus. *Shares in Australia hit one-year high, outpace market. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite giving a cautious outlook on Chinese growth.

  • Chemical maker Ashland to sell water unit for $1.8 bln Tuesday, 18 Feb 2014 | 9:32 AM ET

    Feb 18- U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier& Rice for about $1.8 billion. The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday. Ashland shares were up 2.3 percent at $98.40 in early trading.

  • LOS ANGELES, Feb 12- CBS Corp reported higher profit that beat Wall Street forecasts for the quarter that ended in December, boosted by revenue from digital streaming deals and fees from pay television operators.

  • Feb 11- Mosaic Co offered an encouraging outlook and announced a big share buyback on Tuesday, buoying the U.S. fertilizer company's stock even as it reported a 79 percent plunge in quarterly profit, a sharper decline than expected.

  • Feb 10- Billionaire activist investor Carl Icahn has backed off from his proposal that Apple Inc increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.

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