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Stocks Stock Buybacks

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  • BEIJING, July 30- Baidu Inc, China's biggest search engine company, said on Thursday it will repurchase $1 billion of its shares, after the company's stock price was hammered by investors following weak earnings results on Monday.

  • July 29- Spirit AeroSystems Holdings Inc reported a better-than-expected quarterly profit and said it would buy back up to $350 million of its stock, indicating that it has finally put years of losses from its Gulfstream business behind it. Spirit, which makes fuselages and propulsion systems for Boeing Co and Airbus Group SE, raised its full-year free cash...

  • UPDATE 1-Spirit AeroSystems profit rises as costs fall Wednesday, 29 Jul 2015 | 8:49 AM ET

    July 29- Aircraft parts maker Spirit AeroSystems Holdings Inc reported a better-than-expected quarterly profit as costs fell and said it would buy back up to $350 million of stock. The company, which makes fuselages and propulsion systems for Boeing Co and Airbus Group SE, said total expenses fell 7.5 percent to $1.47 billion in the second quarter from a year...

  • DuPont cuts forecast on agriculture sales drop Tuesday, 28 Jul 2015 | 6:12 AM ET

    The company plans to buy back $2 billion in stock this year and another $2 billion next year with proceeds from its spinoff of its Chemours business. Company officials said most of that decrease came from removing results from its now-separated Chemours business. But a company representative noted that those estimates still include Chemours results.

  • *Fiat Chrysler shares fall nearly 5 pct in New York. DETROIT, July 27- Fiat Chrysler Automobiles could pay billions of dollars to buy back defective trucks as part of a settlement with U.S. safety regulators, but has the option to recover costs by reselling vehicles once they are repaired. FCA said on Monday that about 193,000 Ram trucks previously recalled for...

  • Caterpillar loses traction Thursday, 23 Jul 2015 | 10:17 AM ET
    Caterpillar loses traction

    A look at Caterpillar's drop in sales and share buyback plan, with Ann Duignan, JPMorgan machinery analyst.

  • July 23- United Continental Holdings Inc on Thursday forecast a drop in unit revenue and trimmed plans for capacity growth as the U.S. dollar weighs on demand abroad, but it announced new share buybacks because its profit continues to rise. Shares rose more than 2 percent in pre-market trade on news of United's plans to buy back $3 billion of its stock.

  • CAT CEO: Slow global growth rate hits sales Thursday, 23 Jul 2015 | 8:07 AM ET
    CAT CEO:  Slow global growth rate hits sales

    Caterpillar CEO Doug Oberhelman, discusses the company's quarterly results, buyback program and finding growth opportunities in infrastructure.

  • July 22- Coca-Cola Co reported a better-than-expected quarterly profit and sales as it raised prices to offset the impact of a strong dollar, and said it could spend lesser to buy back shares this year. The company bought a stake in energy drinks maker Monster Beverage Corp last year and bought the beverage business of a Chinese company in April to gain a foothold...

  • MOSCOW, July 16- Russia's second-largest bank VTB on Thursday offered investors to buy back Eurobonds worth around $2 billion, saying the move was attractive given current yields on the bonds. The bank said in a regulatory filing on the Luxembourg stock exchange that it was offering to buy back bonds denominated in U.S. dollars maturing in April 2017, February...

  • MOSCOW, July 16- Russian bank VTB on Thursday offered investors to buy back Eurobonds worth over $750 million. The bank said in a regulatory filing on the Luxembourg stock exchange that it was offering to buy back bonds maturing in April 2017, February 2018 and May 2018 and denominated in U.S. dollars in an amount of up to $750 million. It also said it would buy any and...

  • UPDATE 3-EBay sells enterprise unit ahead of PayPal split Thursday, 16 Jul 2015 | 10:00 AM ET

    July 16- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also reported a better-than-expected quarterly profit and boosted its share buyback plan by $1 billion,...

  • July 15- E-commerce company eBay Inc said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc.. Shares of eBay, which also announced an additional $1 billion share buyback program, were up 3 percent at $65.37 in premarket...

  • China relaxes rules for firms to buy back shares Wednesday, 8 Jul 2015 | 6:43 AM ET

    BEIJING, July 8- China's securities regulator has relaxed rules to allow firms that recently sold their own hares to buy them back from the market in yet another step to halt plunging share prices. The China Securities Regulatory Commission said in an online statement on Wednesday that state-owned financial companies should also buy undervalued shares,...

  • Stock buybacks jump Friday, 26 Jun 2015 | 2:37 PM ET
    Stock buybacks jump

    CNBC's Jeff Cox explains the surge in corporate buybacks.

  • June 25- Kroger Co, the largest U.S supermarket operator, said it would increase its quarterly dividend by 13.5 percent and buy back $500 million of shares. Kroger raised its quarterly dividend to 21 cents per share on a pre-split basis from 18.5 cents per share. Kroger's shares were up about 1.4 percent at $73.93 in midday trading on Thursday.

  • CHICAGO, June 24- Low interest rates and a play-it-safe mentality among executives have fueled a stock buyback boom that is slowing economic growth, storied contrarian investor Jeremy Grantham said on Wednesday. "For a senior management person to use the cash flow of the corporation to buy stock back is much less dangerous than building a new plant," Grantham...

  • Cree to restructure LED business, cuts revenue forecast Wednesday, 24 Jun 2015 | 4:19 PM ET

    June 24- Cree Inc, a light-emitting diode maker, said it would restructure its LED products business, hurt by a decline in selling price and under-utilization of its factory. Cree, which also lowered its revenue forecast for the fourth quarter, said on Wednesday it would buy back $500 million worth of stock for fiscal 2016.. The company said it expects to take a...

  • A rampant market addiction it's time we all quit Tuesday, 16 Jun 2015 | 9:00 AM ET

    Stock buybacks have been great to investors, but there comes a time to focus on companies spending money on R&D, and that time is now.

  • June 11- Activist investor Elliott Management Corp said cloud-computing software maker Citrix Systems Inc should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix shares jumped 8.2 percent to $71.46 in early trading on Thursday. Elliott, whose 7.1 percent stake makes him one of the top five shareholders of the...