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...» Read More
Shares of Warren Buffett's Berkshire Hathaway soared 8.1 percent today, putting them right around the upper limit of the company's stock buyback authorization announced this morning.
Whitney Tilson, T2 Partners, weighs in on Berkshire Hathaway's buyback plans and whether the company is running out of ideas for spending its massive amount of cash.
Shares of Warren Buffett's Berkshire Hathaway are soaring on this morning's announcement the company may repurchase some of the company's Class A and/or Class B shares if they're cheap enough. Buffett appears to be loosening his definition of "cheap enough" but that doesn't necessarily mean buybacks are underway now.
The company should be buying back stock by the bucketload and doubled the dividened, says Whitney Tilson, T2 Partners.
America's biggest corporations rewarded shareholders by spending more money on stock repurchases for the eighth consecutive quarter.
Scott Budman, KNTV San Jose with the latest details on Dell's plans to buy back up to five billion dollars in stock.
Mad Money host Jim Cramer with his take on three egregious users of buyback programs and asks what would have happened if these companies took all the money they spent on share repurchases over the last five years, and had instead returned it to investors in the form of a dividends?
People usually think of insider trading as illegally manipulating stock sales for huge profits. But it can also be legal. So just what is insider trading? When can it be legal? Here are the details.
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The mining industry is beginning to run out of debt and this is proving to be a problem according to Andrew Keen, the head of metals & mining research at HSBC.
Fourth-quarter earnings per share could be artificially boosted by stock buybacks for the first time since 2007, Howard Silverblatt, senior index analyst at Standard & Poor’s told CNBC.com.
The London Stock Exchange was scrambling to establish how a human error in possibly “suspicious circumstances” had knocked out one of its dealing platforms on Tuesday as the exchange conceded it would now have to delay switching over to a new trading system until next year, reports the Financial Times.
General Electric said its board approved an increase in its dividend and extended its stock repurchase plan.
Regulators have told US banks to avoid increasing dividends or share buyback programs until the economy is on firmer footing, the Financial Times reported Wednesday.
On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.
Monday starts out hopeful. By day's end, those hopes are dashed, as the House kills the bailout bill and stock markets plunge to new lows.
Sunrise: Congressional leaders from both parties emerge from intense talks to present a $700 billion financial rescue plan agreement on Sunday.
As events go, Saturday seems more sedate than it has in weeks. But it's a false calm, as Washington scrambles to find common ground on a financial rescue plan.
White House, legislators fail to teach agreement on the $700 billion financial bailout. U.S. shuts WaMu and JPMorgan grabs the assets.