July 21- Visa Inc, the world's largest payments network operator, reported a steep drop in quarterly profit, hurt by costs related to the acquisition of Visa Europe, and said it would buy back Class A shares worth $5 billion. The company's net income fell to $412 million, or 17 cents per Class A share, in the three months ended June 30 from $1.69 billion, or 69 cents per... » Read More
When it comes to Apple and the company's sagging stock price--and increasingly frustrated shareholders--it seems to me a solution is getting clearer by the day. Stock buyback.
As you might expect, my earlier post calling on Steve Jobs to announce a shareholder buyback at tomorrow's Apple spacer annual shareholder meeting, generated quite a bit of reader reaction. As we prepare to cover the meeting, I'm curious how many of you plan to attend...
Stocks reversed what had been a down session Friday, with the Dow Jones Industrial Average rising on a CNBC report that progress is being made on a recapitalization plan that could save troubled bond insurer Ambac Financial's triple-A rating.
U.S. stocks tumbled Friday as downgrades on the two biggest home-funding companies dragged on the financial sector.
Online retailer Amazon.com Friday said its board authorized the repurchase of up to $1 billion of the company's common stock over the next two years.
Swiss drug maker Novartis said Thursday its fourth-quarter profit fell sharply, mainly due to restructuring costs, but that it would increase returns to shareholders with a new buyback program and an increase to its dividend.
Private equity firm Blackstone Group said Thursday it would acquire GSO Capital Partners, a hedge fund firm that sold a stake to Merrill Lynch last May, and also announced a $500 million stock buyback plan.
European stocks ended lower on Wednesday, as news of strong demand for the Federal Reserve's $20 billion auction designed to ease tensions in credit markets failed to boost banking shares.
Dutch Philips Electronics said on Wednesday it plans to buy back 5 billion euros ($7.2 billion) of its own shares after hedge fund pressure for the firm to improve its performance and capital structure.
It's later than you think: Today is the last day to buy online at big box.com stores like Sears, Target, Wal-Mart and Amazon in time for regular Christmas delivery. E-commerce is drawing more customers than ever before.
Aon, one of the world's largest insurance brokers, said on Monday it has agreed to sell two units for about $2.75 billion and will devote the proceeds of the deal to a share buyback.
General Electric said it expects 2008 profit of "at least" $2.42 per share, up at least 10 percent, Chairman and Chief Executive Jeff Immelt told investors Tuesday.
AT&T announced Tuesday a share buyback program worth nearly $16 billion and its biggest-ever dividend increase, sending shares of the top U.S. phone company up 5 percent.
Reinsurer Swiss Re said it is committed to the Financial Services unit that was the source of last month's large subprime writedown and said it was likely to speed up its share buyback program.
Dell is reviving plans to buy back shares in the company and will begin to repurchase $10 billion in common stock this week, chairman and Chief Executive Officer Michael Dell said.
Dell is giving its investors a long-overdue gift in the form of a $10 billion stock buyback authorized by the company's board this morning. That should mitigate some of what could be contentious comments at the company's shareholder meeting later today. Or should it?
International Business Machines said on Monday it plans to buy back up to $1 billion of stock by the end of February.
Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.
She's dressed former First Ladies Nancy Reagan and Jackie Kennedy and is a favorite of starlet Renee Zellweger, but designer Carolina Herrera says she would like to do a mass-market line, much like the one her friend Vera Wang recently created for Kohl's.
On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.