LAS VEGAS— The CEO of Allegiant Travel has sold $25.2 million in stock back to the company, using up most of the available authority in Allegiant's share-buyback program.» Read More
Reports are leaking out that Carlos Slim is going to buy back his stake in America Movil. CNBC's Michelle Caruso-Cabrera has the details.
*Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.
This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.
As the stock market sets a series of historic highs, investors can thank companies for buying back their own shares at a near-record pace.
LONDON, June 19- Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds instead of making any major acquisitions. Rolls-Royce shares climbed to 1,076 pence, their highest in over two months, leading Britain's benchmark FTSE 100 index.
*Rolls Royce top riser after buyback. EDINBURGH, June 19- European shares rose in early deals on Thursday, boosted after the Federal Reserve said the U.S. economy was making progress and committed to retaining accommodative monetary policy over the long term.
EDINBURGH, June 19- European shares rose in early deals on Thursday, boosted after the Federal Reserve said the U.S. economy was making progress and committed to retaining accommodative monetary policy over the long term. Top blue-chip gainer in Europe was Rolls Royce, with the engine maker up 6.1 percent after it announced a one billion pound share buyback.
*Aegon buoyed by share buyback plan. *Oil prices rise as violence in Iraq continues. LONDON, June 18- European stock markets edged up on Wednesday to go back within reach of multi-year highs reached last week, with insurer Aegon rallying after announcing a share buyback program.
MELBOURNE, June 17- Royal Dutch Shell launched a long-awaited sell down of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.73 billion. The deal included Woodside agreeing to buy back 78.3 million of its shares from Shell for A $36.49 a share, or a total of A $2.857 billion, Woodside said.
TORONTO June 12- Lululemon Athletica Inc cut its financial forecasts and warned that second-quarter sales were off to a weak start, sending shares of the struggling yogawear retailer down 15 percent even as it announced a new stock buyback program.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock, using existing authorizations from its board. Kandarian had said in July that Metlife is not a systemically important financial institution whose failure could pose a threat to United States' financial stability.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock. The company said it will use existing authorizations from its board for the share repurchase. Metlife last bought back its shares in 2008. The company has 1.13 billion shares outstanding, valued at $61.52 billion, according to Thomson Reuters data.
NEW YORK, May 22- IBM, one of the most reliable companies when it comes to buying back shares, is scaling back its repurchases just as the market seems to have grown weary of this strategy.
May 16- Darden Restaurants Inc said it agreed to sell its struggling Red Lobster seafood chain to Golden Gate Capital for $2.1 billion in cash. The company said it expects net cash proceeds of about $1.6 billion, of which about $1 billion would be used to retire debt. The remainder would be used to buy back up to $700 million of shares in fiscal 2015, Darden said.
*Net profit up 3 pct to 2.07 bln euros in 2013/ 14. ZURICH, May 15- Cartier owner Richemont reported solid sales growth across most of its regions on Thursday, including improved demand in China, and announced a dividend hike and share buyback that sent its stock up more than 4 percent.
Ford says it will buy back up to about 116 million shares of company stock worth about $1.8 billion.
DETROIT, May 7- Ford Motor Co announced on Wednesday a stock repurchase program of about $1.8 billion that it said will offset potential share dilution and positions the company to reduce its automotive debt by $883 million. The announcement boosted Ford stock about 0.7 percent to $15.57 per share after the New York Stock Exchange closed.
*Dividend to rise to 9 cents/ share from 6 cents. The carrier said its board approved a $2 billion share buyback program that will be completed by the end of 2016. The quarterly payout will rise to 9 cents a share from 6 cents a share in the third quarter, the company added.
Gene Munster, Piper Jaffray senior research analyst, discusses what's driving Apple's stock surge and explains why investors should feel confident in owning Apple.
Apple is expanding to medical technology. The company is recruiting a team of medical executives and has offered hints of the iWatch and others.