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Stock Buybacks

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  • GE earnings beat Street; revenue misses   Friday, 17 Apr 2015 | 7:20 AM ET
    GE earnings beat Street; revenue misses

    Nick Heymann, William Blair & Company analyst, weighs in on General Electric's quarterly results and the impact of a strong dollar on earnings.

  • GE reports mixed Q1 results   Friday, 17 Apr 2015 | 6:34 AM ET
    GE reports mixed Q1 results

    Jack De Gan, Harbor Advisory CIO, breaks down General Electric's earnings and weighs in on the industrial giant's buyback program and its prospects in aerospace.

  • Grainger plans to buy back $3 billion of its own shares Thursday, 16 Apr 2015 | 9:29 AM ET

    NEW YORK— Power tools seller W.W. Grainger Inc. said Thursday that its board approved spending $3 billion to buy back its own stock over the next three years. The company expects to buy back $1.4 billion in stock this year and $800 million in 2016 and another $800 million im 2017. Grainger will pay for the buybacks with a combination of cash and new debt.

  • April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. W W Grainger had said earlier that it would buy back about $400 million in shares this year. The additional buyback will begin later this month and is expected to add 8- 12 cents per share to the company's...

  • W W Grainger announces $3 bln share buyback plan Thursday, 16 Apr 2015 | 7:37 AM ET

    April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. The company, which supplies material handling equipment, plumbing supplies, and power and hand tools, said it would fund $1.2 billion of the buyback with cash and the remainder through debt.

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398...

  • OMAHA, Neb.— CSX Corp.' s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the railroad announced plans Tuesday to repurchase $2 billion of stock. The Jacksonville, Florida- based railroad sounded considerably more optimistic than its biggest competitor in the Eastern United States. Norfolk Southern warned investors Monday that...

  • NEW YORK— Activist investor firm Jana Partners says Qualcomm should speed up a stock repurchase, look for ways to cut costs, and consider splitting itself up. In a letter sent to investors, Jana Partners said Qualcomm has two "excellent" businesses in its chip design and wireless intellectual property units, but it described Qualcomm's stock performance as...

  • US buybacks, dividends on track for $1T in 2015 Monday, 13 Apr 2015 | 10:03 AM ET
    Bul and Bear statue

    Shareholders in the biggest US companies stand to receive a record $1 trillion from stock buybacks and dividends this year, the FT reports.

  • GE cashes out and changes its ways   Monday, 13 Apr 2015 | 8:03 AM ET
    GE cashes out and changes its ways

    Harry Wilson, MAEVA Group chairman & CEO, discusses General Electric's plan to restructure and regain the competitive advantage. And William Daley, former Obama chief of staff, adds perspective

  • *GE set for $50 bln buyback plan; shares most active on NYSE. NEW YORK, April 10- U.S. stocks ended a strong week with a broad rally on Friday as investors lauded GE's decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares. General Electric rose 10.8 percent to $28.51, hitting its highest level since September 2008...

  • *GE divestment scheme lifts Wall Street. *China inflation flat, suggesting more easing from Beijing. Wall Street scored solid gains after U.S. conglomerate General Electric Co. said it plans to sell assets and buy back up to $50 billion of its stock.

  • NEW YORK, April 10- U.S. stocks closed out a strong week with a broad rally on Friday as investors lauded GE's decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares. The Dow Jones industrial average rose 98.92 points, or 0.55 percent, to 18,057.65, the S&P 500 gained 10.89 points, or 0.52 percent, to 2,102.07 and the...

  • Do buybacks work?   Friday, 10 Apr 2015 | 2:08 PM ET
    Do buybacks work?

    CNBC contributor Herb Greenberg of Pacific Square Research, weighs in on General Electric's $50 billion buyback.

  • Biggest buyback ever   Friday, 10 Apr 2015 | 2:03 PM ET
    Biggest buyback ever

    How General Electric's $50 billion buyback stacks up against others, with CNBC's Dominic Chu. Apple and General Electric tie for the biggest corporate buyback ever.

  • *GE set for $50 bln buyback plan; most active on NYSE. NEW YORK, April 10- U.S. stocks climbed on Friday, putting major indexes on track for a week of solid gains as investors lauded GE's decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares. General Electric shares had their biggest one-day jump since March 2009, up...

  • GE shares jumped 7.5 percent on Friday after the company outlined plans for substantially shrinking its GE Capital unit. The plan includes a buyback of up to $50 billion in GE shares, the sale of about $30 billion in real estate assets over the next two years and the disposal of more GE Capital operations. The repurchase program, which will be partly funded by $35...

  • *GE set for $50 bln buyback plan; most active on NYSE. General Electric jumped 7.6 percent to $27.69 as the most active stock on the New York Stock Exchange, with more than 236 million shares changing hands. GE will sell the bulk of its $30 billion real estate portfolio over the next two years as it returns to its industrial roots, with Blackstone and Wells Fargo...

  • NEW YORK, April 10- The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Buybacks may lift earnings per share of companies in the Standard& Poor's 500 index by between 1.5 and 2 percentage points this year, according to estimates from Voya Investment Management in New York. General Electric Co. said...

  • NEW YORK, April 10- The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Buybacks may lift earnings per share of companies in the Standard& Poor's 500 index by between 1.5 and 2 percentage points this year, according to estimates from Voya Investment Management in New York. Pending and completed...