MasterCard raised its quarterly dividend by 83 percent and announced a new billion-dollar share buyback program. Shares rose in after-hours trade.» Read More
Oct 18- Safeway Inc said on Friday its board authorized an additional $2 billion in stock repurchases, adding to the roughly $800 million the grocery store operator had left under an existing authorization at the end of the third quarter. Shares of Safeway rose to $34.00 in premarket trading after closing at $33.38 on Thursday.
Oct 15- United Rentals Inc's third-quarter net income nearly doubled and the company's board approved a share repurchase program of up to $500 million. Shares of the world's largest equipment rental company shot up 7 percent to a life-high of $61.43 before easing back to close at $59.79 on the New York Stock Exchange.
*Deal key for Vivendi to streamline holdings. DOVER, Del., Oct 10- The Delaware Supreme Court swept aside a lower court order on Thursday that had halted Activision Blizzard Inc's $8.2 billion deal to buy back its stock from Vivendi SA. The ruling clears the way for the deal to close by its deadline of Tuesday, when Vivendi could have walked away.
DOVER, Del., Oct 10- The Delaware Supreme Court swept aside a lower court order on Thursday that had halted Activision Blizzard Inc's $8.2 billion deal to buy back its stock from Vivendi SA.
*Sirius XM to buy back $500 mln stock from Liberty Media. Oct 10- John Malone's Liberty Interactive Corp said it would spin off online retailer BuySeasons and its stake in travel website TripAdvisor Inc, as part of a plan to split itself into three.
Men's Wearhouse has rejected an acquisition bid from its smaller rival, saying the offer significantly undervalues the company, reports CNBC's Courtney Reagan.
Oct 3- U.S. drugmaker Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said it would have to cut costs to achieve its financial goals through 2014, but would buy back $5 billion of its stock over time.
Oct 3- U.S. drugmaker Eli Lilly and Co, which is trying to rebound from painful patent expirations on its medicines, said it would be able to meet its financial goals through 2014 with difficulty and announced it would buy back $5 billion of its stock over time.
Billionaire Carl Icahn wants Apple stock to go up and thinks a massive buyout could achieve that, but the tech giant may not like that idea, reports CNBC's Jon Fortt.
Jeffrey Sonnenfeld, Yale School of Management, and Steve Cook, Revolution chairman & CEO discuss the role of top-tier management when dealing with high-powered activist investors, as reports surface of a lunch date between Apple CEO Tim Cook and billionaire investor Carl Icahn.
Sept 25- Network equipment maker Brocade Communications Systems Inc said it raised its share buyback program to $1 billion from $308 million. The company, which has a market value of about $3.62 billion, did not specify the period over which it will buy the shares back. Brocade Communications shares were up about 3 percent in premarket trading.
DETROIT, Sept 23- General Motors Co said on Monday it would buy back just under half of its preferred shares held by the United Auto Workers health care trust for about $3.2 billion. To finance the purchase of 120 million of the Series A preferred stock from the UAW Retiree Medical Benefits Trust at $27 a share, GM said it would raise funds with a debt offering.
DETROIT, Sept 23- General Motors Co said on Monday it had reached a deal to buy back 120 million of its preferred shares from the United Auto Workers health care trust for about $3.2 billion.
CNBC's Seema Mody breaks down Microsoft's announcement it will issue a 22 percent dividend increase and buy back of $40 billion worth in shares. CNBC's Kate Kelly spoke with the head of ValueAct, Jeff Ubban, who is the newest Microsoft board member. Larry Dishelson, Dynalink, and Jason Rotman, Lido Isle Advisors, weigh in.
Herbalife jumped 3 percent on comments of a possible buyback. Timothy Ramey, D.A Davidson & Company, who made the call, and CNBC's Herb Greenberg debate the big stock buyback.
Microsoft announces a huge stock buyback, saying it will repurchase $40 billion worth of shares. Yun Kim, Janney Montgomery, weighs in.
The tech giant is set to buyback $40 billion in stock and pump up its dividend, reports CNBC's Jon Fortt with all the latest details.
Shares of the tech giant rise after the company announces a $40 billion buyback and more than twenty percent increase in its dividend. Kim Forrest, Fort Pitt Capital Group, and Norman Young, Morningstar, share their thoughts. And CNBC's Dominic Chu takes a look at other companies that could follow in Microsoft's footsteps.
Microsoft's new dividend hike is probably unnecessary because the company has better strategic options, CNBC's Jim Cramer said.
Sept 17- Microsoft Corp raised its quarterly dividend by 22 percent to 28 cents per share and said its board had authorized a new share buyback program of up to $40 billion. Microsoft shares rose about 1 percent in early trading on the Nasdaq on Tuesday.