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Stocks Stock Buybacks

  • Aetna will spend $3.3 billion to buy back more than 20 million shares of its stock after the health insurer's board authorized more repurchases last week. Aetna will pay each dealer $1.65 billion and is using available cash to fund the deals. That announcement came a few days after Aetna called off its roughly $34 billion acquisition of Medicare Advantage...

  • Bristol-Myers, whose shares fell 2 percent to $53.45 on Tuesday, also disclosed that it expects to post charges of $1.5 billion to $2 billion in connection with a restructuring announced in October. The New York- based drugmaker also announced a $2 billion accelerated share repurchase program it will fund through a combination of debt and cash.

  • *Q4 sales $22.21 bln vs est $21.81 bln. *Q4 adj profit $1.44/ shr vs est $1.34/ shr. Feb 21- Home Depot Inc reported higher-than-expected quarterly profit and sales, boosted by a strong housing market in the United States, and set a $15 billion share repurchase program.

  • Pisani: Home Depot is what I call a buyback monster

    CNBC's Bob Pisani looks ahead at what's moving markets this morning including a record high for Home Depot.

  • *Wal-Mart's shares were up 1.5 percent at $70.42 in premarket trading after the world's largest brick-and-mortar retailer reported a higher-than-expected rise in comparable store sales. *Home Depot rose 1.63 percent to $145.33 after the home improvement store chain reported better-than-expected results and set a $15 billion buyback program.

  • *Q4 sales $22.21 bln vs est $21.81 bln. *Q4 adj profit $1.44/ shr vs est $1.34/ shr. Shares of the company, which also forecast 2017 sales ahead of Wall Street estimates, were up 1.8 percent at $145.59 in premarket trading on Tuesday.

  • Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana. The Hartford, Connecticut, insurer had said Tuesday that it was calling off plans to buy Humana Inc. for roughly $34 billion. Aetna had paused its dividend increases after announcing the Humana bid...

  • *STOXX 600 down 0.5 pct, but remains close to 13- month high. MILAN, Feb 17- European shares fell on Friday with gains in insurance heavyweight Allianz and firmer pharma stocks more than offset by a pull-back in banking and mining stocks. Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting higher-than-expected...

  • Allianz rose 3.3 percent after Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting a higher than expected profit growth. The STOXX 600 was flat, while UK's FTSE fell 0.1 percent and Germany's DAX was flat. Europe's insurance stocks were the biggest sectoral gainer, helped by Allianz but also by gains in Dutch...

  • ZURICH, Feb 16- Allianz, Europe's largest insurer, proposed spending 3 billion euros on buying back its own shares on Thursday after the Munich- based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. The company announced a 4.1 percent rise in the dividend to 7.60 euros per share after posting a 23...

  • Feb 10- Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 million based on future performance. The company said it expects to use part of the proceeds to buy back shares and...

  • Feb 9- Videogame publisher Activision Blizzard Inc reported fourth-quarter revenue above analysts' estimates, raised its dividend and announced a two-year $1 billion stock repurchase plan. Activision's total adjusted revenue rose to $2.45 billion in the fourth quarter ended Dec. 31 from $2.12 billion a year earlier. The company's net income rose to $254...

  • Who gains the most from Trump's tax holiday?

    CNBC's Seema Mody reports on the benefits to companies should President Donald Trump's repatriation tax holiday become reality.

  • LONDON, Jan 27- Alliance Trust, one of Britain's oldest investment managers, agreed on Friday to buy back shares held by a U.S. activist hedge fund, bringing an end to a campaign that has forced it to reform how it is run. Dundee- based Alliance, which traces its roots to the late 19th century and loans to farmers across the British Empire, said it would buy back a 19.75...

  • The Philadelphia- based company also said it will buy back $5 billion in stock during 2017 and increased its dividend by 15 percent. Shares rose 2.2 percent to $75.05 in Thursday morning trading. Phil Cusick, an analyst at JPMorgan, called it a strong quarter and said video and broadband subscriber numbers were better than expected.

  • BASEL, Switzerland, Jan 25- Swiss drugmaker Novartis said on Wednesday it will buy back up to $5 billion worth of shares over the next 12 months and may spin off the Alcon eye care business as it navigates a tough year before an expected return to growth in 2018.. "We've not ruled anything out, all options are on the table," Chief Executive Joe Jimenez said.

  • Jan 24- Intuitive Surgical Inc on Tuesday posted fourth-quarter profit that beat Wall Street expectations, but cautioned that growth in use of its da Vinci surgical robots will be slower next year at the same time research and development costs will increase. Intuitive also announced an accelerated plan to buy back $2 billion of its common stock, and shares...

  • NEW YORK, Jan 12- The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. On top of policy uncertainty, the market is missing stock buyback support in the quiet period ahead of earnings and...

  • Is the stock market dying? Depends on pace of buybacks: Pro

    Louis Navellier, Navellier & Associates, provides his outlook on the markets as buybacks reduce the number of outstanding shares.

  • Donald Trump

    Corporate boards and executives are likely to use much of the cash to acquire businesses in the United States, to buy back their own stock or to pay down debt. NYT reports.