Alibaba poised for stock market stardom as it begins trading on the NYSE, could raise $25 B Alibaba's IPO eases pain of Yahoo's Internet ad woes with another multibillion-dollar payoff Stocks rise, pound rallies briefly as Scotland opts to stay in UK; Tokyo gains on yen weakness China fines British drug maker GlaxoSmithKline $492 million for bribery, orders exec deported As Scotland rejects independence, businesses and investors breathe sigh of relief Oracle falls in premarket trading as Ellison steps aside as CEO, 2 Q outlook disappoints GM to introduce new, high-end Cadillac next year, start production at Detroit plant Alibaba's mega IPO caps unlikely success story for charismatic Chinese entrepreneur Jack Ma Home Depot says data breach affected 56 million debit and credit cards, malware eliminated Military contractor Rockwell Collins announces buyback, posts fiscal year 2015 outlook» Read More
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.
Dow component Honeywell International said Friday its board of directors authorized the company to buy back up to $3 billion in common stock.
"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.
After a year of record profits, Wall Street firms are returning millions of dollars to their shareholders through dividends and buybacks.
World's biggest aluminum maker Alcoa said its board authorized a buyback of about 87 million shares and a more than 13% increase in its annual dividend.
Another twist in the controversy over stock options. A new academic study on backdating suggests many outside directors--who are supposed to safeguard against cozy relationships with management--received manipulated grants themselves. Alan Murray is Managing Editor of The Wall Street Journal. He was on "Morning Call" to discuss the issue.