GO
Loading...

Stock Buybacks

More

  • DETROIT, Feb 20- United Auto Workers President Dennis Williams, whose union indirectly controls the largest single block of General Motors Co shares, told Reuters an investor group's proposal that GM buy back $8 billion of its stock is premature, and the amount too high for the company's long-term health. An investment firm controlled by Harry Wilson, a former...

  • Feb 20- Activist investor Marcato Capital Management LP said auction house Sotheby's should repurchase $500 million stock immediately and replace its chief financial officer. Marcato, Sotheby's second-largest shareholder after Daniel Loeb's Third Point LLC, said there was "willful neglect" on the part of both management and the finance committee that...

  • *Fanuc to spend $844 million on new plant. TOKYO, Feb 16- Japanese industrial robot maker Fanuc Corp on Monday said it would double its planned investment in a new factory, a week after hedge fund Third Point called on the firm to use its cash pile to boost shareholder returns by buying back shares. The cash-rich company said its decision to spend 100 billion yen on...

  • Rio Tinto CEO: We surprised the market   Thursday, 12 Feb 2015 | 8:23 AM ET
    Rio Tinto CEO: We surprised the market

    We're very focused on profit, says Sam Walsh, Rio Tinto CEO, weighing in on his company's quarterly results, the mining economy, and $2 billion buyback plan.

  • Feb 11- PepsiCo Inc on Wednesday reported a higher-than-expected quarterly profit, helped by increased sales at its Frito-Lay snack business, and said it would buy back up to $12 billion in stock by 2018.. The company also raised its annual dividend by 7.3 percent to $2.81 per share and said it expected to return $8.5 billion to $9 billion to shareholders through...

  • Feb 11- PepsiCo Inc reported a better-than-expected quarterly profit, helped by higher sales at its Frito-Lay snack business, and said it would buy back shares worth up to $12 billion by 2018.. Pepsi also hiked its annual dividend by 7.3 percent to $2.81 per share and said it expects to return about $8.5- $9 billion to shareholders through dividends and buybacks...

  • Feb 10- Western Union Co said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares. Western Union is cutting prices in parts of the United States where it is experiencing the maximum competitive pressures, company executives said on a conference call.

  • Feb 10- Western Union, the world's largest money-transfer company, reported a better-than-expected quarterly profit, helped by cost cuts and a lower tax bill, and it said it would buy back up to $1.2 billion of shares. Western Union, which gets most of its business from migrant workers sending money home, also forecast 2015 profit above analysts' estimates.

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Plans by General Motors Co's chief executive officer to keep a big cash cushion for the automaker has come under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he...

  • Feb 10- Deutsche Bank said it expects Citigroup Inc to buy back $1 billion in shares every quarter and other U.S. banks to modestly boost dividends and share buybacks as part of their capital deployment plans under the Federal Reserve's stress test. Deutsche Bank upgraded Citigroup's stock to "buy" from "hold," saying the sale or an initial public offering of the...

  • Feb 9- Drugmaker Pfizer Inc said it entered into an agreement with Goldman, Sachs& Co to buy back $5 billion of its stock. Pfizer said the accelerated share repurchase was assumed in the forecast for the full year it provided last month. Under the agreement, which forms a part of Pfizer's existing buyback authorization, about 150 million shares will be bought.

  • Feb 4- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums, and the company said it would buy back $3 billion in shares. Allstate's shares, however, fell 2.5 percent in extended trading after the company said claim frequency for auto insurances rose in...

  • Feb 2- Verizon Communications Inc is nearing wrapping up deals to sell more than $10 billion in assets, the Wall Street Journal reported, citing people familiar with the matter. Divesting assets could also help Verizon repurchase some shares it issued after it announced the Vodafone deal, he added. In 2013, Verizon announced its plans to acquire the 45 percent...

  • Feb 2- Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business. Shares of Exxon rose 1.2 percent to $88.46 in mid-day New York Stock Exchange trading. Exxon, which plans to release its 2015 capital...

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. Chief Executive Officer John Watson said Chevron's dividend, currently $1.07 a quarter, remained the "highest priority" for the company's balance...

  • Jan 29- Data storage equipment maker EMC Corp, which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs. EMC, which owns 80 percent of VMWare Inc, also said it expected to buy back up to $3 billion in shares this year. EMC comprises four main businesses- its core...

  • UPDATE 1-DuPont plans $4 bln share buyback Tuesday, 27 Jan 2015 | 7:11 AM ET

    Jan 27- DuPont, under pressure from activist investor Nelson Peltz to improve shareholder returns, said it plans to buy back up to $4 billion of its stock using a dividend expected from a spinoff of its performance chemicals business. The company, which has a $5 billion repurchase program, also raised its cost reduction target by $300 million to at least $1.3...

  • Jan 27- Chemicals maker DuPont said it expects to buy back shares up to $4 billion using the dividend from the spinoff of its performance chemicals business. The company also raised its cost reduction target by $300 million to at least $1.3 billion. Net income attributable to DuPont rose to $683 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from...