Stock Buybacks


  • BOSTON, Jan 29- Auction house Sotheby's said on Wednesday it will return $450 million to investors through a special dividend and by buying back shares, months after it said it would review its finances amid pressure from several prominent hedge funds.

  • Jan 29- Dow Chemical Co reported a quarterly profit that comfortably beat market expectations, hiked its dividend and tripled its share buyback program, joining rival DuPont in increasing shareholder returns amid investor activism.

  • Sotheby's to pay special dividend, buy back shares Wednesday, 29 Jan 2014 | 8:32 AM ET

    Jan 29- Sotheby's will pay investors a special dividend and buy back shares, months after activist investor Daniel Loeb called for a management shakeup at the auction house. The company said it would pay shareholders a $300 million special dividend in March and buy back stock worth $150 million under a new share repurchase program.

  • Jan 29- Dow Chemical Co reported a better-than-expected quarterly profit and tripled its share buyback program to $4.5 billion, joining rival DuPont in increasing shareholder returns amid investor activism.

  • Jan 29- Dow Chemical Co raised its dividend 15 percent and expanded its share buyback program to $4.5 billion from $1.5 billion after posting a fourth-quarter profit. Net income available for common stockholders was $963 million, or 79 cents per share, in the quarter ended Dec. 31.

  • Praxair raises dividend, to buy back $1.5 bln in stock Wednesday, 29 Jan 2014 | 6:13 AM ET

    Jan 29- Praxair Inc, the largest industrial gas supplier in the Americas, raised its dividend by 8 percent and said it would buy back stock worth $1.5 billion, after reporting a 15 percent rise in quarterly profit. The company's net income rose to $474 million, or $1.59 per share, in the fourth quarter ended Dec. 31 from $414 million, or $1.38 per share, a year earlier.

  • Apple should focus on living rooms: Pro     Tuesday, 28 Jan 2014 | 2:03 PM ET

    CNBC's Herb Greenberg urges Apple to focus on R&D, and Peter Misek of Jefferies & Co., discusses the case for a bigger iPhone.

  • Icahn calls for Apple to buy back stock now     Tuesday, 28 Jan 2014 | 11:37 AM ET

    CNBC's Scott Wapner reports activist investor Carl Icahn says the dip in Apple's stock price is "completely misinterpreted" and says the long-term picture remains unchanged.

  • Jan 28- Carl Icahn said on Tuesday he bought another half-billion dollars' worth of Apple Inc stock, raising the activist investor's stake to roughly over $4 billion. He is trying to get the company to tack on an additional $50 billion in share buybacks. "My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race.

  • Jan 28- DuPont's quarterly profit doubled, beating market estimates, as its strong push into agriculture paid off, and the chemical maker said it would buy back $5 billion in stock. DuPont shares were up about 2 percent at $61.30 in premarket trading on Tuesday.

  • Jan 28- Comcast Corp posted higher fourth-quarter revenue on Tuesday, raised its dividend and authorized a new share repurchase program, sparking a 3 percent jump in its shares in premarket trading.

  • Jan 28- Comcast Corp posted higher fourth-quarter revenue on Tuesday, as the largest U.S. cable provider added quarterly cable video subscribers for the first time in more than six years. Comcast, which also owns NBC Universal, increased its dividend, authorized a new $7.5 billion stock repurchase program and said it would buy back $3 billion in stock this year.

  • Caterpillar buys back $10 billion     Monday, 27 Jan 2014 | 9:07 AM ET

    The "Squawk on the Street" news team discuss Caterpillar's fourth quarter earnings beat and their $10 billion share repurchase program.

  • UPDATE 2-General Dynamics shares rise on buyback pledge Wednesday, 22 Jan 2014 | 2:56 PM ET

    WASHINGTON, Jan 22- General Dynamics Corp shares rose more than 5 percent on Wednesday after the maker of Gulfstream business jets and Navy ships posted higher-than-expected quarterly results, and pledged to buy back 11.4 million shares in the first quarter.

  • Icahn: Intend to buy more Apple stock     Wednesday, 22 Jan 2014 | 12:18 PM ET

    Icahn Enterprises Chairman Carl Icahn discusses why he reduced the amount of buyback he is asking from Apple to $50 billion from $150 billion.

  • SAN FRANCISCO, Jan 22- Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, saying the iPhone maker was doing shareholders a "great disservice" by refusing to boost its share buyback program.

  • *AB InBev shares strongest in STOXX 600 index. HONG KONG/ BRUSSELS, Jan 20- Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region.

  • Jan 13- Hedge fund Elliott Management Corp urged network equipment maker Juniper Networks Inc to buy back shares, start paying a dividend and consider slimming down, less than a week after it offered to buy Juniper's rival, Riverbed Technology. The stock has been stuck in the $20 range for two years, a far cry from the high of $228.50 it hit during the dotcom boom.

  • Jan 13- Juniper Networks Inc shareholder Elliott Management Corp urged the network equipment maker to buy back shares, cut costs and consider exiting some businesses to boost shareholder value. Juniper shares rose 10 percent to $25.95, their highest in more than two years, in early trading on the New York Stock Exchange on Monday.

  • Elliott urges Juniper to buy back shares, cut costs Monday, 13 Jan 2014 | 9:17 AM ET

    Jan 13- Juniper Networks Inc shareholder Elliott Management Corp urged the network equipment maker to buy back shares, streamline its product line and cut costs to boost shareholder value. Elliott, which owns 6.2 percent of Juniper, said the company should repurchase $3.5 billion of shares.

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