Stocks Stock Buybacks

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  • *Buy back of up to $1 bln in shares. The up-market retailer of clothes, handbags, shoes and fashion accessories also announced the purchase of Michael Kors Ltd, its exclusive licensee in China and some regions in Asia, for $500 million, to increase its direct exposure to growing Asian markets. Sales jumped 10.9 percent to $1.2 billion in the quarter ended April 2,...

  • June 1- Michael Kors Holdings Ltd's quarterly revenue rose nearly 11 percent, the strongest growth in a year, as demand for its handbags and accessories rose in the Americas, and the company said it would buy back up to $1 billion in shares. Shares of Michael Kors, which also said it had acquired its Greater China licensee, surged about 11 percent to $47.50 in...

  • TAIPEI, May 16- Taiwan stocks rebounded from over three-month lows on Monday, with struggling smartphone maker HTC Corp rising on a share buyback plan, but the index gains may be short-lived due to recent heavy selling by foreign investors. Foreign investors on Friday sold a net T $14 billion in Taiwan shares, taking their net selling to T $89 billion so far this...

  • Cash dollars

    With the lack of sustained economic growth, companies have turned to buybacks and dividends to pick up the slack.

  • Art Cashin's global view

    Art Cashin, UBS, discusses the European markets, weak PMI data in China and why he has his eye on global currencies.

  • Santelli Exchange: Who runs the market?

    CNBC's Rick Santelli speaks to Charles Biderman, TrimTabs Investment Research portfolio manager, about a "darkening U.S. equities outlook" as companies are shifting strategies.

  • OMAHA, Neb., April 30- Warren Buffett on Saturday said the odds were "extremely high" that his Berkshire Hathaway Inc would buy back "a lot" of its stock if the price fell below 1.2 times book value, a level it recently approached. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett also said he would consider raising the threshold "a little" if...

  • RPT-BUFFETT SAYS ODDS ARE "EXTREMELY HIGH" BERKSHIRE WILL BUY BACK A LOT OF STOCK IF PRICE FALLS BELOW 1.2 TIMES BOOK VALUE.

  • April 25- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, said its board authorized the company to repurchase up to $5 billion of its common stock. In March, Honeywell had scrapped its $90.7 billion offer to buy rival United Technologies Corp, citing the company's unwillingness to engage in negotiations.

  • UNITED CONTINENTAL HOLDINGS INC EXPECTS TO FINISH $3 BLN SHARE REPURCHASE PROGRAM BY END OF 3 RD QTR- ACTING CFO.

  • FRANKFURT, April 21- Volkswagen shares jumped more than 6 percent early on Thursday on expectations that the carmaker was close to reaching a deal to buy back 500,000 diesel cars in the United States in a step toward resolving an emissions rigging scandal. Sources told Reuters on Wednesday that VW would offer to buy back almost 500,000 diesel cars in the United...

  • WASHINGTON, April 20- Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade U.S. emission rules, two people briefed on the matter said on Wednesday. The German automaker is expected to tell a federal judge in San Francisco Thursday that...

  • April 20- Network equipment maker F5 Networks Inc reported a slightly higher second-quarter revenue and said it would buy back an additional $1 billion worth shares. Net income dropped to $75.4 million, or $1.11 per share, from $85.7 million, or $1.18 per share. F5, whose customers include Facebook Inc, Alibaba Group Holding Ltd and the U.S. government, forecast...

  • *Raises dividend to C $0.50/ share from C $0.35. April 20- Canadian Pacific Railway Ltd's plans to repurchase up to 5 percent of its shares may have fallen short of expectations, a week after Canada's second-largest railroad abandoned its bid to buy Norfolk Southern Corp.. As of Tuesday's close of C $189.95, the repurchase would be worth about C $1.31 billion.

  • *Raises dividend to C $0.50/ shr from C $0.35. *Q1 adj earnings/shr C $2.22 vs est. Canada's No. 2 railroad raised its quarterly dividend to 50 Canadian cents per share from 35 Canadian cents.

  • As of Tuesday's close of C $189.95, the buyback would be worth about C $1.31 billion. Canada's No. 2 railroad raised its quarterly dividend to 50 Canadian cents per share from 35 Canadian cents. CP's net income rose to C $540 million, or C $3.51 per share, in the three months ended March 31, from C $320 million, or C $1.92 per share, a year earlier.

  • Canada's No. 2 railroad said it would repurchase up to 6.91 million of its common shares. As of Tuesday's close of C $189.95, the buyback would be worth about C $1.31 billion. The company raised its quarterly to 50 Canadian cents per share from 35 Canadian cents.

  • *Sees Q2 rev. of $1.66- $1.71 bln vs. est. April 19- VMware Inc reported a better-than-expected rise in quarterly revenue, helped by strong sales of its newer virtualization software, and the company also said it would buy back $1.2 billion of its Class A stock this year. The company expects second-quarter revenue of $1.66 billion- $1.71 billion, compared with the...

  • NEW YORK, April 15- The S&P 500 is close to its record high as earnings season heats up, but one of the major drivers of the market's advance- stock buybacks- looks to be sagging. U.S. companies announced about $182 billion in buybacks in the first quarter, according to Birinyi Associates research, putting buybacks on pace for their weakest year since 2012.

  • Subramanian: S&P is the best place to be

    Savita Subramanian, Bank of America Merrill Lynch Head of U.S. Equity Strategy, makes the case for the S&P 500 and gives her outlook for the market.