Stocks Stock Buybacks

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  • Shares of the company, which also announced a $500 million buyback program, rose as much as 17 percent to a two-month high of $28.83 on Thursday. And in November, Coty said it would pay $1 billion for the beauty care unit of Brazil's Hypermarcas SA. Sales in the color cosmetics business, which includes Sally Hansen nail polishes and Rimmel cosmetics, rose 10 percent...

  • 3M to buy back up to $10 bln shares, raises dividend Tuesday, 2 Feb 2016 | 4:34 PM ET

    Feb 2- 3 M Co, the maker of Scotch tape and Post-it notes, said it would buy back up to $10 billion worth of shares and also raised its quarterly dividend. The company raised its quarterly dividend to $1.11 per share from $1.025 per share. At Tuesday's close of 147.87, the company would be able to buy back about 67.6 million, or 11 percent, of its total outstanding shares.

  • The company, which has spent about $210 billion over the last decade buying back its own stock, is bowing to the reality that crude's sharp downturn is hurting its bottom line. It far surpasses second-place Microsoft Corp, which has bought back $125 billion in that time. "Exxon was the poster child for that and they haven't done so much of that lately," said Howard...

  • Exxon, tops in stock buybacks, now saving its cash Tuesday, 2 Feb 2016 | 11:27 AM ET

    The company, which has spent about $210 billion over the last decade buying back its own stock, is bowing to the reality that crude's sharp downturn is hurting its bottom line. It far surpasses second-place Microsoft Corp, which has bought back $125 billion in that time. "Exxon was the poster child for that and they haven't done so much of that lately," said Howard...

  • Excluding special items such as a noncash $3 billion boost from a change in accounting for tax allowances, earnings rose by 16.5 percent to $1.29 billion, or $2.00 per share. The Fort Worth, Texas- based airline said it had repurchased $1.1 billion worth of shares in the quarter as part of a previously announced buyback program. However, intense competition from...

  • Jan 28- FelCor Lodging Trust is under attack from activist investor Jonathan Litt, who is pushing the real estate investment trust to buy back shares, reduce debt and consider selling itself. The company replied on Thursday that it was already putting a strategic plan in place that involved key property sales and a $100 million stock buyback that commenced last...

  • Jan 28- FelCor Lodging Trust is under attack from activist investor Jonathan Litt, who is pushing the real estate investment trust to buy back shares, reduce debt and consider selling itself. Shares of FelCor rose 7.5 percent to $6.77 on Thursday after Litt's Land and Buildings hedge fund released a letter outlining its recommendations. Land and Buildings said...

  • Jan 27- Payment processor PayPal Holdings Inc on Wednesday reported better-than-expected quarterly revenue, as new customer additions and payment processing volumes surged, and it announced a buyback of $2 billion of its stock. PayPal said it expects 2016 full-year earnings of $1.09 to $1.14 per share, and revenue growth of 16-19 percent on a currency...

  • Jan 27- Payment processor PayPal Holdings Inc reported better-than-expected quarterly revenue as it added customers and processed more payments and the company said it would buy back up to $2 billion of its stock. PayPal's net income rose to $367 million, or 30 cents per share, from $286 million, or 23 cents per share. Excluding items, the company earned 36 cents...

  • Jan 22- Schlumberger Ltd CEO Paal Kibsgaard expects oil markets to turn positive in 2016 but said there would not be a "significant" recovery in oilfield activity until 2017.. Shares of the company, which reported a better-than-expected profit and unveiled a $10 billion share buyback program on Thursday, rose as much as 8 percent to $66.22 in morning trading on...

  • Kinder Morgan shares surged as much as 20 percent to $14.45 in morning trading on Thursday, a day after the company reported a fourth-quarter adjusted profit that beat some analysts' expectations. "We can delever the balance sheet, internally fund our growth capital needs and/or return cash to our shareholders through either increasing the dividend and/or...

  • UNITED AIRLINES EXPECTS TO SPEND AT LEAST $750 MILLION REPURCHASING STOCK IN Q1- ACTING CFO.

  • The U.S. budget airline, whose shares rose 0.4 percent in premarket trading, also said it would soon start a $500 million accelerated stock buyback. Earnings before special items rose 46 percent to $591 million, or 90 cents a share, as the plummeting cost of jet fuel added $189 million to Southwest's bottom line. Analysts on average expected 90 cents a share,...

  • Can buybacks rescue the markets? Thursday, 14 Jan 2016 | 6:42 AM ET
    Can buybacks rescue the markets?

    CNBC's senior markets commentator Mike Santoli shares his thought on companies buying back stock.

  • Here's why stock buybacks help Wednesday, 13 Jan 2016 | 9:19 PM ET
    Here's why stock buybacks help

    The liquidity and ability to prop up stock prices from stock buybacks helps smoothen out the wild market ride, says Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com.

  • Taking stock of the buyback boom Wednesday, 13 Jan 2016 | 9:15 PM ET
    Taking stock of the buyback boom

    CNBC's Dan Murphy reports on the rising popularity of stock buybacks and how they benefit companies.

  • General Motors lifts 2016 profit forecast Wednesday, 13 Jan 2016 | 10:00 AM ET
    General Motors lifts 2016 profit forecast

    GM raised its earnings guidance, while also increasing its stock buyback program and quarterly dividend.

  • DETROIT, Jan 13- General Motors Co said on Wednesday it will return cash to shareholders by raising its stock buyback program by 80 percent to $9 billion and increasing its dividend by 6 percent, sending shares up 4.3 percent in premarket trading. GM also raised its 2016 earnings per share forecast to $5.25 and $5.75 per share from a previous 2016 outlook made in...

  • DETROIT, Jan 13- General Motors Co said on Wednesday it will return cash to shareholders by raising its stock buyback program by 80 percent to $9 billion and increasing its dividend by 6 percent. GM also raised its 2016 earnings per share forecast to $5.25 and $5.75 per share from a previous 2016 outlook made in October of between $5.00 and $5.50 per share.

  • UPDATE 1-Aegon shares surge on buy-back and divended hike Wednesday, 13 Jan 2016 | 3:44 AM ET

    *Targets 200 million euros in cost cutting by 2018. AMSTERDAM, Jan 13- Aegon's shares surged on Wednesday after the Dutch insurer said it would buy back shares and hike its dividend, and confirmed its solvency ratio is near the high end of earlier guidance. Aegon said it had a solvency ratio of around 160 percent at the end of 2015 under Europe's new Solvency II regime,...