Stock Buybacks


  • 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.

  • Rise in Aegon ensures gains for European equities Wednesday, 18 Jun 2014 | 6:46 AM ET

    *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.

  • UPDATE 1-Metlife to buy back up to $1 billion shares Tuesday, 10 Jun 2014 | 6:47 AM ET

    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.

  • Metlife to buy back up to $1 billion shares Tuesday, 10 Jun 2014 | 6:29 AM ET

    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 plans $1.8 billion stock buyback Wednesday, 7 May 2014 | 6:04 PM ET

    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.

  • New Apple products hit in June: Analyst     Tuesday, 6 May 2014 | 10:23 AM ET

    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.

  • Is Apple hiring spree a sign new device is coming? Monday, 5 May 2014 | 11:28 AM ET
    Apple CEO Tim Cook looks on at an Apple Store on September 20, 2013 in Palo Alto, California.

    Apple is expanding to medical technology. The company is recruiting a team of medical executives and has offered hints of the iWatch and others.

  • Cigna CEO proud to increase full-year outlook     Thursday, 1 May 2014 | 10:49 AM ET

    Health insurer Cigna's stock is making a comeback. Its President & CEO David Cordani, addresses its strong Q1 and increase in its full year outlook, and what he knows about Obamacare enrollment.

  • April 28- Weight-loss and nutritional products maker Herbalife Ltd on Monday reported a 9 percent increase in global sales volumes for the first quarter and raised its outlook for the full year. Herbalife also said it was suspending its quarterly dividend in order to use the cash to repurchase additional shares.

  • April 28- Financial services company Ameriprise Financial Inc reported a 19 percent rise in first-quarter profit, driven by strong income from its wealth management business and said it would buy back an additional $2.5 billion in stock.

  • April 28- Bank of America Corp said on Monday it will suspend a planned increase in its quarterly dividend as well as its latest stock buyback program because it miscalculated a measure of the capital on its books. The Federal Reserve ordered Bank of America to suspend and resubmit its 2014 capital plans within 30 days.

  • April 28- Bank of America Corp said it would suspend its $4 billion stock buyback program and a planned increase in its quarterly dividend because it miscalculated the level of its capital after buying Merrill Lynch in 2009..

  • BofA's big math error     Monday, 28 Apr 2014 | 10:29 AM ET

    CNBC's Kate Kelly reports the latest on Bank of America's accounting error, which the CEO Brian Moynihan reassured is an isolated problem on an executive call Monday morning.