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Stock Buybacks

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  • *Underlying profit of $7.76 bln v $6.9 bln consensus. *Shares in Australia hit one-year high, outpace market. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite giving a cautious outlook on Chinese growth.

  • Chemical maker Ashland to sell water unit for $1.8 bln Tuesday, 18 Feb 2014 | 9:32 AM ET

    Feb 18- U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier& Rice for about $1.8 billion. The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday. Ashland shares were up 2.3 percent at $98.40 in early trading.

  • LOS ANGELES, Feb 12- CBS Corp reported higher profit that beat Wall Street forecasts for the quarter that ended in December, boosted by revenue from digital streaming deals and fees from pay television operators.

  • Feb 11- Mosaic Co offered an encouraging outlook and announced a big share buyback on Tuesday, buoying the U.S. fertilizer company's stock even as it reported a 79 percent plunge in quarterly profit, a sharper decline than expected.

  • Feb 10- Billionaire activist investor Carl Icahn has backed off from his proposal that Apple Inc increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.

  • Feb 10- Billionaire activist investor Carl Icahn said he saw no reason to keep demanding that Apple Inc increase its stock buyback plans, citing the company's recent stock repurchases as well as an influential proxy adviser's call against his proposal. Apple shares were up 1.8 percent at $529.20 in morning trading.

  • Where Apple should invest     Monday, 10 Feb 2014 | 11:03 AM ET

    Carl Icahn backed down from his Apple buyback plan. CNBC's Jon Fortt discusses where Apple should be investing its cash.

  • Icahn drops Apple buyback demand Monday, 10 Feb 2014 | 10:03 AM ET

    Feb 10- Carl Icahn said he sees no reason to persist with his proposal that Apple Inc buy back $50 billion of its shares, given the recent share repurchases by the iPhone maker.

  • Cramer: Apple took control     Monday, 10 Feb 2014 | 9:05 AM ET

    Proxy advisory firm ISS is recommending that shareholders vote against investor Carl Icahn's buyback proposal for Apple. CNBC's Jim Cramer and David Faber provide insight.

  • L'Oreal's surge helps keep European shares steady Monday, 10 Feb 2014 | 7:27 AM ET

    LONDON, Feb 10- European shares traded flat on Monday, as cosmetics maker L'Oreal gained on expectations it will buy back its shares owned by Nestle and helped to keep the market steady after its recent gains.

  • ISS recommends 'no' vote on Icahn's plan for Apple Sunday, 9 Feb 2014 | 6:48 PM ET

    Feb 9- Proxy advisory firm ISS said it recommends shareholders vote against activist investor Carl Icahn's share buyback proposal for Apple Inc, according to a report obtained by Reuters on Sunday. "1/ 8 The Apple board 3/ 8 has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts," the ISS report said.

  • US STOCKS-Wall St rallies to snap three-week skid Friday, 7 Feb 2014 | 4:44 PM ET

    *Apple leads market higher on buyback boost. *Online travel agencies' shares fly after Expedia results. NEW YORK, Feb 7- U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.

  • But Apple shares rose 1.4 percent on Friday to $519.68, and the buyback should afford Chief Executive Tim Cook some kudos from big investors like Carl Icahn, who have been urging the company to return more money to shareholders.

  • *Apple leads market higher on buyback boost. *Online travel agencies' shares jump after Expedia results. NEW YORK, Feb 7- U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.

  • SAN FRANCISCO, Feb 7- Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn's demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.

  • Feb 6- Outerwall Inc raised its share buyback program by $500 million to about $650 million, and named a Warner Bros Home Entertainment executive to run its Redbox video-rental business. Outerwall shares rose 10 percent in extended trading after the company reported a better-than-expected quarterly profit, helped by cost cuts.

  • Apple's $14 billion buyback     Friday, 7 Feb 2014 | 10:10 AM ET

    Apple repurchased $14 billion in shares over the past 2 weeks. CNBC's Jon Fortt and Abhey Lamba, Mizuho Securities USA senior equity research analyst, analyze Apple's buyback plan and whether Tim Cook is being evasive about product innovation.

  • Apple accelerates buyback     Friday, 7 Feb 2014 | 9:08 AM ET

    CNBC's Jim Cramer and David Faber discuss Apple's stock buyback and product innovation.

  • Feb 6- Apple Inc has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via an accelerated share repurchase program and $2 billion of shares from the open market, the spokesman said.

  • *Foreigners seen buying back after Japan shares underperformed. *Sony jumps 5 pct on restructuring plan. TOKYO, Feb 7- Japan's Nikkei average jumped 2 percent on Friday morning, moving away from a four-month low hit earlier this week, as investor sentiment was brightened by a rally on Wall Street and hopes for an upbeat U.S. jobs report later in the day.