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
Texas Instruments said Friday its board has approved an additional $5 billion share buyback and the company plans to raise its quarterly cash dividend by 25 percent.
Retailer Target said on Wednesday it would review options, including a possible sale for its credit-card receivables, and it would also evaluate its use of debt and the pace of stock buybacks.
Home Depot raised its fiscal-year earnings forecast slightly Monday after the home improvement retailer agreed to buy back 289.3 million shares of its common stock for $10.7 billion.
Home improvement retailer Home Depot said Tuesday it expects to repurchase 289.6 million of its shares for $10.7 billion as a result of a tender offer, a little less than halfway towards its goal of buying back $22.5 billion in stock.
Qantas Airways, Australia's largest airline, posted a 50% rise in annual earnings as expected on Thursday as passenger demand offset higher fuel costs and announced $820 million share buyback.
Nestle said it would plough profits into a $21 billion share buyback program and shun major acquisitions as pricing power helped it outmuscle soaring input prices to post a forecast-beating earnings rise.
Rieter Holding said its first-half net profit rose 42% to 116.7 million Swiss francs, beating analyst forecasts, with the company citing a favorable investment climate in the Asian textile industry and market share gains in the automobile industry in Western Europe and North America.
Sears Holdings Monday reported declining quarterly same-store sales at its Kmart and Sears stores and tightened the range of its earnings outlook.
Retailer Home Depot said Thursday that it was in discussions to restructure terms of its previously announced deal to sell its supply unit, and also said it was lowering the price range for a tender offer under which it is buying back stock.
Q2 results are confirming the foreign growth story. Look at Halliburton. Halliburton reported killer earnings today; 68% of their revenues occur outside the U.S.Same with Merck: great earnings, has 40% of sales outside the U.S.
Expedia, the online travel agency controlled by Barry Diller, said it is cutting its plan to buy back its own shares by almost 80 percent, blaming a lack of attractive financing available in credit markets.
Shares of online travel agency Orbitz Worldwide fell 3 percent in their market debut Friday from a lowered initial offering price.
Paint and chemicals maker Rohm & Haas said after U.S. markets closed Monday that its board approved a $2 billion stock buyback plan that will be executed in two stages.
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.
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.
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.
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.