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Stock Buybacks

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  • Hamburger chain Wendy's to buy back $1.4 bln of shares Wednesday, 3 Jun 2015 | 7:52 AM ET

    June 3- Hamburger chain Wendy's Co said it would buy back $1.4 billion of shares by the end of 2016, including $211 million from Nelson Peltz's Trian Group, its largest shareholder. The company also adjusted its full-year earnings forecast on Wednesday to reflect the sale of its bakery operations. Wendy's said it expected 2015 adjusted earnings of 31- 33 cents...

  • Activist investors hurting U.S. economy? Wednesday, 27 May 2015 | 4:00 PM ET
    Activist investors Dan Loeb, Carl Icahn and Nelson Peltz.

    Larry McDonald of Societe Generale and Erin Gibbs of S&P Capital IQ discuss the impact of activist investors with Brian Sullivan.

  • BlackBerry to buy up to 12 mln shares for cancellation Thursday, 21 May 2015 | 6:15 PM ET

    May 21- Canadian smartphone maker BlackBerry Ltd said it plans to buy back 12 million shares, sending its stock up nearly 2 percent in extended trading in the United States. BlackBerry said it would buy the shares, representing about 2.6 percent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.

  • May 18- Video game publisher Take-Two Interactive Software Inc, reported a better-than-expected quarterly profit, helped by strong sales of its "Grand Theft Auto V" and " NBA 2 K15" titles. Take-Two Interactive Software also increased its stock buyback plan to 10 million shares. Sales of the physical retail version of "Grand Theft Auto V" ranked among NPD Group's top...

  • May 18- Billionaire investor Carl Icahn said Apple Inc's stock was "still dramatically undervalued" and that it should be trading at $240, up from his earlier estimate of $216. Apple boosted its share repurchase program in April to $140 billion from $90 billion announced last year and raised quarterly dividend by 11 percent to 52 cents per share.

  • May 18- Apple Inc remains "dramatically undervalued", activist investor Carl Icahn said on Monday, adding that it was time for the iPhone maker to execute a much larger share buyback.

  • Binge on buybacks? Thursday, 14 May 2015 | 12:43 PM ET
    Binge on buybacks?

    Hardeep Walia, Motif Investing CEO, discusses the motif comprised of companies with the highest buyback yield.

  • May 13- Southwest Airlines Co's board of directors on Wednesday raised the company's quarterly dividend and authorized a new $1.5 billion share buyback program, according to a news release. Southwest estimated the new dividend payments will amount to $200 million annually, based on shares outstanding on May 11. Southwest returned almost $1.1 billion to...

  • *To raise dividend to 13.5 cents/ shr from 9 cents from 3rd qtr. May 13- Delta Air Lines Inc announced a $5 billion share buyback and said it would raise its quarterly dividend as part of a plan to return more than $6 billion to shareholders through 2017.. Delta, whose shares were up 2.6 percent before the bell on Wednesday, said it would raise its quarterly dividend to...

  • Delta's $5 billion share buyback plan Wednesday, 13 May 2015 | 9:00 AM ET
    Delta's $5 billion share buyback plan

    Delta announced a new share buyback program and a dividend hike. CNBC's Kate Rogers explains.

  • Delta CEO: See more unbundling ahead Wednesday, 13 May 2015 | 7:39 AM ET
    Delta CEO: See more unbundling ahead

    Richard Anderson, Delta Air Lines CEO, discusses the cost of air travel amid lower oil prices.

  • Delta CEO: We are a high-quality industrial Wednesday, 13 May 2015 | 7:36 AM ET
    Delta CEO: We are a high-quality industrial

    Richard Anderson, Delta Air Lines CEO, discusses the company's plans to buyback stock and issue a big dividend hike. And Ken Langone, Invemed Associates.

  • May 6- U.S. refiner HollyFrontier Corp's quarterly profit comfortably beat Wall Street estimates as lower crude costs boosted margins, and the company said it would buy back $1 billion in stock. The company, formed through a merger of Holly Corp and Frontier Oil Corp in 2011, has returned $2.9 billion in cash to shareholders since the deal. Dallas- based...

  • May 6- U.S. refiner HollyFrontier Corp said it would buy back $1 billion of its stock and reported a 49 percent rise in quarterly profit, helped by lower crude prices. The Dallas- based company said the buyback plan would replace its existing stock repurchase programs, which had $462 million remaining. Net income attributable to the company's shareholders rose to...

  • KANSAS CITY, Kan., May 4- General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan. The company makes its profit in North America and in China, where margins are likely to be squeezed.

  • NEW YORK, May 4- Comcast Corp, the largest U.S. cable operator, posted better-than-expected first-quarter profit, driven by strong growth in its high-speed Internet and business services. Comcast, which increased its stock buyback program to $10 billion last quarter, said it would now earmark $6.75 billion for 2015, higher than the $4.25 billion it had...

  • NEW YORK, May 4- Comcast Corp, the largest U.S. cable operator, posted better-than-expected first-quarter profit, driven by strong growth in its high-speed internet and business services. Comcast, which increased its stock buyback program to $10 billion last quarter, said it would now earmark $6.75 billion for 2015, higher than the $4.25 billion it had...

  • EXCLUSIVE-MANGROVE MAY CALL ON ATLANTIC TO OFFER $300 MLN SPECIAL DIVIDEND, CONDUCT SHARE REPURCHASE, OR BREAK UP AND SELL COMPANY- SOURCE.

  • Buybacks are surging: Is it a sell signal? Wednesday, 29 Apr 2015 | 12:35 AM ET

    Companies are gearing up for a plethora of share buybacks, but investors may want to look past the short-term boost to a potential sell signal.

  • NEW YORK, April 28- Citigroup Inc shareholders re-elected directors and overwhelmingly sided with the board on proposals at their annual meeting on Tuesday even as their stock traded for less than the company thinks it is worth. CEO Mike Corbat, in response to a question from stock analyst Mike Mayo, said the company wanted to continue repurchasing its stock...