Stock Buybacks


  • July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.

  • United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.

  • *$1 billion repurchase to be completed within three years. *Adjusted profit of $2.34 a share compares with $2.19 estimate. July 24- United Continental Holdings Inc reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock, sending its shares up nearly 4 percent.

  • July 24- American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings. American, the largest airline by traffic, formed from the late-2013 merger of US Airways and AMR Corp, declared a dividend of 10 cents a share for shareholders of record Aug. 4.

  • Halliburton's shares rose 1.5 percent in trading before the bell, after the company also raised its share repurchase program to $6 billion from $5 billion.

  • Signs of bull market slowdown  Wednesday, 9 Jul 2014 | 12:01 PM ET

    Dissecting stock buyback behavior and the correlation to the market's direction, with the FMHR traders, and Mark Hulbert, Marketwatch senior columnist.

  • *Tsogo Sun to buyback shares worth $260 mln from SABMiller. LONDON/ JOHANNESBURG July 7- SABMiller will sell its $1 billion stake in South Africa's top gaming and hotel group Tsogo Sun, the brewer said on Monday, giving it cash to beef up its African beer business.

  • NEW YORK and LOS ANGELES, July 1- Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.

  • NEW YORK and LOS ANGELES, July 1- Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.

  • Santelli Exchange: Inside job  Monday, 30 Jun 2014 | 11:45 AM ET

    CNBC's Rick Santelli discusses how stock buybacks effect valuations. Santelli also weighs in on Facebook and the worth of privacy.

  • Reports are leaking out that Carlos Slim is going to buy back his stake in America Movil. CNBC's Michelle Caruso-Cabrera has the details.

  • US STOCKS-Wall St gains with drugmakers, broadcasters Wednesday, 25 Jun 2014 | 5:09 PM ET

    *Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.

  • This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.

  • The rich get richer as stock buybacks surge Monday, 23 Jun 2014 | 6:39 AM ET
    Trader on the floor of the New York Stock Exchange.

    As the stock market sets a series of historic highs, investors can thank companies for buying back their own shares at a near-record pace.

  • 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.

  • 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.

  • 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.

  • Bank of America suspends buyback  Monday, 28 Apr 2014 | 10:12 AM ET

    Bank of America announced it is suspending some of its previously announced capital actions. CNBC's Kayla Tausche breaks down the case for BofA.