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Stock Buybacks

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  • 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.

  • Lehman Brothers Raises Dividend, Sets Buyback Thursday, 1 Feb 2007 | 11:05 AM ET

    After a year of record profits, Wall Street firms are returning millions of dollars to their shareholders through dividends and buybacks.

  • Alcoa Approves Share Buyback, Raises Dividend Friday, 19 Jan 2007 | 12:42 PM ET

    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.

  • WSJ's Murray: Even Directors Back Date Stock Options Monday, 18 Dec 2006 | 10:41 AM ET

    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.