NEW YORK— Rockwell Collins Inc. said Friday that its board approved spending another $500 million to buy back the company's stock. The military contractor and jet equipment supplier said it expects earnings between $4.90 per share and $5.10 per share during fiscal year 2015. It expects revenue between $5.2 billion and $5.3 billion.» Read More
A buyback made sense back in March. With Apple's cash generation since, and the non-GAAP megabucks iPhone's generating now, a buyback makes exponentially more sense today.
Tired of being spooked by the economy? Well, you’re not alone and that could be good news for retailers.
Vodafone announced a surprise 1 billion-pound ($2 billion) share buyback program on Wednesday, saying a big share price fall in the wake of Tuesday's trading update left the stock undervalued.
CME Group, parent company of the world's largest derivatives exchange, said its board has authorized a $1.1 billion share buyback and a special dividend of $5 per share.
Companies in the Standard & Poor's 500 index bought a record $589 billion of their own stock in 2007 as they looked for ways to spend their cash hoards, S&P said Monday.
Investors lined up 2 hours before the Apple shareholder meeting began here in Cupertino, California. It's a little unusual for them to be here so early, and I thought it might be related to the company's 40 percent plunge since the beginning of the year.
Apple shares are down close to 40% from its high last year. As Jim Goldman discussed on The Call today, is now the time for a buyback?
When it comes to Apple and the company's sagging stock price--and increasingly frustrated shareholders--it seems to me a solution is getting clearer by the day. Stock buyback.
As you might expect, my earlier post calling on Steve Jobs to announce a shareholder buyback at tomorrow's Apple spacer annual shareholder meeting, generated quite a bit of reader reaction. As we prepare to cover the meeting, I'm curious how many of you plan to attend...
Stocks reversed what had been a down session Friday, with the Dow Jones Industrial Average rising on a CNBC report that progress is being made on a recapitalization plan that could save troubled bond insurer Ambac Financial's triple-A rating.
U.S. stocks tumbled Friday as downgrades on the two biggest home-funding companies dragged on the financial sector.
Online retailer Amazon.com Friday said its board authorized the repurchase of up to $1 billion of the company's common stock over the next two years.
Swiss drug maker Novartis said Thursday its fourth-quarter profit fell sharply, mainly due to restructuring costs, but that it would increase returns to shareholders with a new buyback program and an increase to its dividend.
Private equity firm Blackstone Group said Thursday it would acquire GSO Capital Partners, a hedge fund firm that sold a stake to Merrill Lynch last May, and also announced a $500 million stock buyback plan.
European stocks ended lower on Wednesday, as news of strong demand for the Federal Reserve's $20 billion auction designed to ease tensions in credit markets failed to boost banking shares.
Dutch Philips Electronics said on Wednesday it plans to buy back 5 billion euros ($7.2 billion) of its own shares after hedge fund pressure for the firm to improve its performance and capital structure.
It's later than you think: Today is the last day to buy online at big box.com stores like Sears, Target, Wal-Mart and Amazon in time for regular Christmas delivery. E-commerce is drawing more customers than ever before.
Aon, one of the world's largest insurance brokers, said on Monday it has agreed to sell two units for about $2.75 billion and will devote the proceeds of the deal to a share buyback.
General Electric said it expects 2008 profit of "at least" $2.42 per share, up at least 10 percent, Chairman and Chief Executive Jeff Immelt told investors Tuesday.
AT&T announced Tuesday a share buyback program worth nearly $16 billion and its biggest-ever dividend increase, sending shares of the top U.S. phone company up 5 percent.