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Stocks Stock Buybacks

  • *Q4 sales $22.21 bln vs est $21.81 bln. *Q4 adj profit $1.44/ shr vs est $1.34/ shr. Shares of the company, which also forecast 2017 sales ahead of Wall Street estimates, were up 1.8 percent at $145.59 in premarket trading on Tuesday.

  • *STOXX 600 down 0.5 pct, but remains close to 13- month high. MILAN, Feb 17- European shares fell on Friday with gains in insurance heavyweight Allianz and firmer pharma stocks more than offset by a pull-back in banking and mining stocks. Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting higher-than-expected...

  • Allianz rose 3.3 percent after Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting a higher than expected profit growth. The STOXX 600 was flat, while UK's FTSE fell 0.1 percent and Germany's DAX was flat. Europe's insurance stocks were the biggest sectoral gainer, helped by Allianz but also by gains in Dutch...

  • ZURICH, Feb 16- Allianz, Europe's largest insurer, proposed spending 3 billion euros on buying back its own shares on Thursday after the Munich- based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. The company announced a 4.1 percent rise in the dividend to 7.60 euros per share after posting a 23...

  • Feb 10- Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 million based on future performance. The company said it expects to use part of the proceeds to buy back shares and...

  • Feb 9- Videogame publisher Activision Blizzard Inc reported fourth-quarter revenue above analysts' estimates, raised its dividend and announced a two-year $1 billion stock repurchase plan. Activision's total adjusted revenue rose to $2.45 billion in the fourth quarter ended Dec. 31 from $2.12 billion a year earlier. The company's net income rose to $254...

  • Who gains the most from Trump's tax holiday?

    CNBC's Seema Mody reports on the benefits to companies should President Donald Trump's repatriation tax holiday become reality.

  • LONDON, Jan 27- Alliance Trust, one of Britain's oldest investment managers, agreed on Friday to buy back shares held by a U.S. activist hedge fund, bringing an end to a campaign that has forced it to reform how it is run. Dundee- based Alliance, which traces its roots to the late 19th century and loans to farmers across the British Empire, said it would buy back a 19.75...

  • The Philadelphia- based company also said it will buy back $5 billion in stock during 2017 and increased its dividend by 15 percent. Shares rose 2.2 percent to $75.05 in Thursday morning trading. Phil Cusick, an analyst at JPMorgan, called it a strong quarter and said video and broadband subscriber numbers were better than expected.

  • BASEL, Switzerland, Jan 25- Swiss drugmaker Novartis said on Wednesday it will buy back up to $5 billion worth of shares over the next 12 months and may spin off the Alcon eye care business as it navigates a tough year before an expected return to growth in 2018.. "We've not ruled anything out, all options are on the table," Chief Executive Joe Jimenez said.

  • Jan 24- Intuitive Surgical Inc on Tuesday posted fourth-quarter profit that beat Wall Street expectations, but cautioned that growth in use of its da Vinci surgical robots will be slower next year at the same time research and development costs will increase. Intuitive also announced an accelerated plan to buy back $2 billion of its common stock, and shares...

  • NEW YORK, Jan 12- The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. On top of policy uncertainty, the market is missing stock buyback support in the quiet period ahead of earnings and...

  • Is the stock market dying? Depends on pace of buybacks: Pro

    Louis Navellier, Navellier & Associates, provides his outlook on the markets as buybacks reduce the number of outstanding shares.

  • Patriot, which had originally planned to pay the $2.50 dividend on Dec. 9, said the Court of Chancery of the State of Delaware also prohibited it from continuing a previously announced stock repurchase program at least until a court hearing expected some time after March 24. "The market is building in the expectation it is less likely they're going to get their...

  • President-elect Donald Trump has proposed a tax rate of 10 percent on overseas money brought back to the United States.

    If Trump offers a cash repatriation holiday, there better not be strings attached, according to the latest CNBC Global CFO Council survey.

  • NEW YORK, Dec 13- JetBlue Airways Corp on Tuesday said it was earning more than expected from checked bag fees and higher-priced fares and it plans to double the money it will return to shareholders via stock buybacks. The New York- based airline said new fares and fees for add-ons it rolled out last year, including a $20 checked bag charge for its lowest-fare...

  • NEW YORK, Dec 13- JetBlue Airways Corp on Tuesday said it was earning more from checked bag fees and higher-priced fares than expected and plans to double the money it will return to shareholders via stock buybacks. The New York- based airline said new fares and fees for add-ons it rolled out last year, including a $20 checked bag charge for its lowest-fare...

  • NEW YORK, Dec 13- JetBlue Airways Corp on Tuesday said it was earning more from checked bag fees and higher-priced fares than expected and plans to double the money it will return to shareholders via stock buybacks. The New York- based airline said that new fares and fees for add-ons it rolled out last year, including a $20 checked bag charge for its lowest-fare...

  • Boeing hikes dividend, cuts production

    CNBC's Phil LeBeau reports Boeing is putting cash to work by increasing its dividend by 30-percent, while reducing production of its 777 jetliner.

  • Dec 6- Payment processor Mastercard Inc said on Tuesday it would buy back class A shares worth $4 billion and raised its quarterly dividend. The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, under which it has about $1.3 billion remaining. The company also increased...