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Stock Buybacks

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  • UPDATE 1-Icahn urges Apple to buy back more shares Thursday, 9 Oct 2014 | 9:49 AM ET

    Oct 9- Billionaire activist investor Carl Icahn said Apple Inc's shares could double in value and urged the company's board to buy back more shares using its $133 billion cash pile. "We believe Apple is dramatically undervalued in today's market, and the more shares repurchased now, the more each remaining shareholder will benefit...," Icahn said in a letter to...

  • Icahn urges Apple to repurchase more shares Thursday, 9 Oct 2014 | 8:52 AM ET

    Oct 9- Billionaire activist investor Carl Icahn urged Apple Inc's board to start a tender offer to repurchase shares using a part of its $133 billion cash pile. "We believe Apple is dramatically undervalued in today's market, and the more shares repurchased now, the more each remaining shareholder will benefit...," Icahn said in a letter to Apple's board.

  • Icahn tweets he will send open letter to Apple Wednesday, 8 Oct 2014 | 3:12 PM ET

    Oct 8- Billionaire activist investor Carl Icahn tweeted on Wednesday, saying he would send an open letter to Apple Inc on Thursday. The investor has in the past urged Apple to return more of its cash to shareholders and pressured the company to raise its stock buyback and dividend. Apple shares were up 2 percent at $100.73 in late afternoon trading.

  • WellPoint boosts share buyback program by $5 bln Thursday, 2 Oct 2014 | 5:47 PM ET

    Oct 2- U.S. health insurer WellPoint Inc increased its share repurchase authorization by $5 billion, taking the total program to $6 billion, the company said in a regulatory filing. WellPoint's shares were up 1 percent after closing at $118.45 on the New York Stock Exchange on Thursday. The company plans to change its corporate name to Anthem Inc effective next...

  • Wealth gap: Blame the buybacks     Tuesday, 23 Sep 2014 | 1:48 PM ET

    CNBC's Jeff Cox explains the effect stock buybacks have on economic growth.

  • NEW YORK, Sept 23- Companies in the S&P 500 spent $116.2 billion on stock buyback programs in the second quarter, according to S&P Dow Jones Indices, a rate representing fewer repurchases from the previous quarter, even as more companies reduced their share counts.

  • ETFs: Dividend aristocrat vs buyback achiever Tuesday, 23 Sep 2014 | 9:59 AM ET

    Which is better for investors: buybacks or dividend increases? Thanks to the miracle of specialty mutual funds, we have an answer. USA Today reports.

  • Sept 18- Stock market indexes provider MSCI Inc declared its first-ever quarterly dividend and more than doubled its stock repurchase program to $850 million from $300 million. MSCI will pay Goldman Sachs $300 million in cash and expects to receive about 4.5 million shares of its common stock.

  • Sept 18- Stock market indexes provider MSCI Inc declared its first-ever quarterly dividend and more than doubled its stock repurchase program to $850 million from $300 million.

  • BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.

  • Alibaba roadshow moves to Boston     Tuesday, 9 Sep 2014 | 9:47 AM ET

    CNBC's David Faber and Jim Cramer discuss the talk on Wall Street over Chinese e-commerce company Alibaba's pricing between $60 and $66 per share.

  • *To buy back $4 billion of shares. LONDON, Sept 9- Swiss engineering group ABB said it would buy back $4 billion of shares, offering a sweetener to investors after a series of problems at its power systems unit and in the face of sluggish global growth.

  • European shares edge higher, Telecom Italia gains Tuesday, 9 Sep 2014 | 3:25 AM ET

    LONDON, Sept 9- European shares edged higher in early trading on Tuesday, with Telecom Italia gaining after some interest in its Brazil unit and ABB rallying after unveiling a plan to buy back shares.

  • Charles Biderman, TrimTabs Investment Research CEO, analyzes current market conditions.

  • Aug 25- An activist investor urged women's apparel retailer Ann Inc to sell itself, saying it could fetch as much as $2.52 billion, failing which each of the company's board members should buy back stock as a "sign of confidence".

  • COPENHAGEN, Aug 19- Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110- year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.

  • *London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.

  • *BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.

  • LONDON, Aug 6- The U.S. economy continues to recover from the depths of the Great Recession, although its speed, trajectory and cruising altitude remain the subject of fierce debate. Instead, companies have chosen to dip into their collective $1.8 trillion pile of cash to re-hire workers, fund merger and acquisitions activity or buy back their own shares.

  • Aug 6- Time Warner Inc reported a higher-than-expected quarterly profit and boosted its stock buyback program, but the news failed to prevent its shares from tumbling 11 percent a day after Rupert Murdoch withdrew his bid for the company.