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Stock Buybacks

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  • Nasdaq Heats up on Tech Rally Thursday, 12 Jul 2007 | 7:51 PM ET

    Today wasn't an all-time high for the Nasdaq, but there were plenty of investors who snapped up shares of semis and networking stocks. More than a few big cap techs posted multi-year highs on bullish predictions ahead of earnings, which kick off next week.

  • Stock Buybacks Seen as Dubious Investor Benefit Thursday, 12 Jul 2007 | 11:23 AM ET

    Corporate America is on a share buyback binge, fueling concerns that U.S. companies are masking underlying business problems and trying to pump up their executives' compensation.

  • Steady Interest Rates Buoy U.S. Market, Strategists Say Wednesday, 11 Jul 2007 | 11:07 AM ET

    Despite anxiety over subprime loans, tightening credit and weak housing, the U.S. stock market seems to keep bouncing back. Why? On "Morning Call," Bill Schultz, chief investment officer at McQueen, Ball & Associates, and David Dietze, president & chief investment strategist at Point View Financial Services, offered their takes.

  • J&J Announces $10 Billion Stock Buyback Plan Monday, 9 Jul 2007 | 3:26 PM ET

    Johnson & Johnson said on Monday its board of directors approved the repurchase of up to $10 billion of its common stock.

  • Integrated gas and electric company Dominion Resources said Thursday it will launch a self-tender offer to buy back about 55 million of its common shares for $82 to $92 per share.

  • Best Buy said on Wednesday that it would open more North American stores than previously planned, buy back $5.5 billion in stock and raise its dividend by 30 percent.

  • CKX agreed to be acquired by a group led by its chief executive for $13.75 a share in cash, sending its shares spiraling higher.

  • Lowe's said Friday its board approved a $3 billion increase to the home improvement retailer's stock buyback program through fiscal 2009 and increased its dividend.

  • Ahold Plans Reverse Share Split, Capital Repayment Wednesday, 23 May 2007 | 12:27 PM ET

    Dutch retailer Ahold said on Wednesday it plans a reverse share split as part of a proposal to return 3 billion euros ($4.03 billion) to shareholders following the sale of a U.S. asset.

  • Share Buybacks Called Bullish Value Sign Friday, 18 May 2007 | 10:20 AM ET

    Share buybacks are seen driving the market rally. But is the record buyback level really a good thing? Jerry Castellini thinks so. The president and CIO of CastleArk Management explained his optimism to "Squawk on the Street" viewers.

  • Sun Micro Shares Jump on $3 Billion Stock Buyback Plan Wednesday, 16 May 2007 | 5:12 PM ET

    Sun Microsystems authorized a stock buyback plan of $3 billion, the company announced Wednesday after the close.  Shares soared on the news, rising more than 4% in after-hours trading.

  • U.S. Equities Still 'Great,' Says Investment Chief Monday, 14 May 2007 | 12:13 PM ET

    Ajay Kapur says "10% of the U.S. economy...is slowing down." So why is the chief investment officer of First Horse Capital still so bullish on American equities? He explained his optimism to CNBC's Mark Haines, on "Squawk on the Street."

  • Merrill Lynch Approves $6 Billion Stock Buyback Plan Monday, 30 Apr 2007 | 7:50 AM ET

    Investment bank Merrill Lynch  said on Monday that it will buy back as much as $6 billion of its common stock over time.

  • An increasing number of share buybacks may be helping to prop up the market, reports CNBC’s Steve Liesman.

  • Economists aren’t sure why capital spending is slowing, but fret that the downturn may signal a coming recession, CNBC's Steve Liesman reports.“It bothers me whenever I see capital expenditures slowing because, historically, it’s been such a critical part of the economy,” Maury Harris, chief economist at UBS told Liesman. “This is happening at the same time that we have an on-going housing recession. I think it raises some red flags on the economy.”

  • 3i Group to Return $1.6 Billion to Shareholders Thursday, 29 Mar 2007 | 8:39 AM ET

    3i Group, Europe's largest publicly traded private equity company, said Thursday it will return 800 million pounds ($1.6 billion;1.2 billion euros) to shareholders after selling some of its assets.

  • CBS Buying Back About 47 Million Shares Tuesday, 6 Mar 2007 | 8:07 AM ET

    CBS,  producer of "60 Minutes" and the crime series "CSI," said Tuesday it is buying back about 47 million shares of its Class B stock for $1.4 billion through an accelerated repurchase transaction.

  • Honeywell to Buy Back up to $3 Billion in Stock Friday, 16 Feb 2007 | 8:34 AM ET

    Dow component Honeywell International said Friday its board of directors authorized the company to buy back up to $3 billion in common stock.

  • 3M Shares Jump on News of $7 Billion Buyback Program Tuesday, 13 Feb 2007 | 11:42 AM ET

    "3M is another example of Corporate America utilizing its balance sheet to maximize shareholder returns," Goldman Sachs analyst Jack Kelly said in a research note.

  • TJX, which owns clothing discounters T.J. Maxx and Marshalls, said on Friday that it authorized a new program to repurchase up to $1 billion of its common stock.