TORONTO— BlackBerry chief executive John Chen saw the value of his total pay package drop 96 percent to US $3.4 million last year as he worked to turn around the money-losing company. The share repurchase helped send the company's stock higher Friday, rising more than two percent to $12.82 near midday. The total amount of $84.8 million in share-based awards was...» Read More
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.
Reinsurer Swiss Re said it is committed to the Financial Services unit that was the source of last month's large subprime writedown and said it was likely to speed up its share buyback program.
Dell is reviving plans to buy back shares in the company and will begin to repurchase $10 billion in common stock this week, chairman and Chief Executive Officer Michael Dell said.
Dell is giving its investors a long-overdue gift in the form of a $10 billion stock buyback authorized by the company's board this morning. That should mitigate some of what could be contentious comments at the company's shareholder meeting later today. Or should it?
International Business Machines said on Monday it plans to buy back up to $1 billion of stock by the end of February.
Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.
She's dressed former First Ladies Nancy Reagan and Jackie Kennedy and is a favorite of starlet Renee Zellweger, but designer Carolina Herrera says she would like to do a mass-market line, much like the one her friend Vera Wang recently created for Kohl's.
On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
Dutch chemical group Akzo Nobel unveiled a 2 billion euros ($2.8 billion) share buyback and raised its dividend payout ratio on Monday as it seeks shareholder approval for its $16.3 billion purchase of Britain's ICI.
Bed Bath & Beyond posted a higher second-quarter profit on Wednesday, citing increased sales and a one-time tax benefit.
Over the past 18 months, Cracker Barrel has repurchased 54% of its shares - and it's not done. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.