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Stock Buybacks

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  • SAO PAULO, March 5- Cetip SA Mercados Organizados will raise dividend payouts and buy back stock this year, as mounting risk aversion and flagging capital markets activity are weighing down shares in Brazil's largest securities clearinghouse. The board of São Paulo-based Cetip will propose raising payouts to the equivalent of 85 percent of annual net...

  • SAO PAULO, March 5- Cetip SA Mercados Organizados plans to repurchase as many as 5.4 million shares during the next 12 months, as Brazil's largest securities clearinghouse battles with mounting risk aversion and declining capital markets activity on its home turf. The board of São Paulo-based Cetip agreed on Thursday to the buyback, which would withdraw the...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • Marketing to millennials   Thursday, 5 Mar 2015 | 7:08 AM ET
    Marketing to millennials

    Mike Ryan, UBS chief investment strategist, and Bill George, Harvard business professor, provide perspective on the markets and companies that will likely prosper by catering to the younger generation.

  • Comeback of buybacks and dividends   Thursday, 5 Mar 2015 | 7:04 AM ET
    Comeback of buybacks and dividends

    CNBC's Dominic Chu has the read on which companies are buying back stock and hiking dividends.

  • March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, on Tuesday reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.. Chief Executive Officer Hubert Joly said on a conference call that Best Buy planned this year to start a cost-cutting effort to save $400...

  • March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season. The company's shares rose 4.6 percent at $40.40 in premarket trading, after Best Buy said it would buy back $1...

  • MILAN, March 2- Italian eyewear group Luxottica is to more than double its dividend payment to 1.44 euros per share, it said on Monday after reporting a 10 percent rise in full-year operating income and record cash flow. Luxottica also said it would ask shareholders to approve a small buy-back of 2.08 percent of outstanding shares. Citi said in a report the...

  • UPDATE 2-Kohl's forecasts full-year sales above estimates Thursday, 26 Feb 2015 | 10:46 AM ET

    Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...

  • TJX posts 11 pct rise in profit, to raise U.S. wages Wednesday, 25 Feb 2015 | 8:57 AM ET

    Feb 25- Discount apparel retailer TJX Cos Inc reported an 11.3 percent rise in quarterly profit and said it would raise wages in the United States to a minimum of $9 per hour from June. TJX also said it would buy back up to $1.8 billion- $1.9 billion of shares this fiscal year, $100 million- $200 million more than last year. TJX said net income rose to $648.2 million, or 93...

  • Feb 24- Home Depot Inc, the world's No.1 home improvement chain, reported a better-than-expected rise in quarterly same-store sales said it would buy back $18 billion of its shares. The company's $18 billion share buyback replaces a $17 billion buyback authorized in 2013.. U.S. homebuilders remain upbeat about market conditions, according to a survey by the...

  • Home Depot quarterly profit rises 36 percent Tuesday, 24 Feb 2015 | 6:14 AM ET

    Feb 24- Home Depot Inc, the world's No.1 home improvement chain, reported a 36 percent rise in fourth-quarter profit and said it would buy back $18 billion of shares. Home Depot's net income rose to $1.38 billion, or $1.05 per share, from $1.01 billion, or 73 cents per share, a year earlier as an improving job market encouraged Americans to spend more on renovations.

  • Feb 23- Keurig Green Mountain Inc, the maker of the K-Cup single-serve coffee pod, will buy back nearly half of Italian coffee maker Luigi Lavazza SpA's stake in the company for about $624 million. Lavazza had a 6.6 percent stake in Keurig as of Feb. 4, according to a regulatory filing earlier this month. Keurig said on Monday it would buy back about 5.2 million shares...

  • UAW president: GM share buyback proposal premature Saturday, 21 Feb 2015 | 12:24 AM ET

    The UAW's president, whose union indirectly controls the largest block of General Motors shares, said a $8 billion GM stock buyback proposal is premature.

  • 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, a week after the company said there will be no return of capital. Marcato, Sotheby's second-largest shareholder after Daniel Loeb's Third Point LLC, said there was "willful neglect" on...

  • 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...