Stocks Stock Buybacks

  • But the company was able to cheer investors, saying it expanded its share buyback program by $5 billion to $15 billion and initiated a first-ever quarterly dividend of 70 cents per share, beginning in the first quarter of 2017.. In May, Allergan said it would buy back up to $10 billion in stock, and on Wednesday said it had repurchased $5 billion in shares ahead of...

  • The company earned $3.32 per share, excluding special items, in the third quarter ended Sept. 30, widely missing the average analyst estimate of $3.56, according to Thomson Reuters I/B/E/S. Allergan said on Wednesday it expanded its share buyback by $5 billion to $15 billion and also set its first-ever quarterly dividend. The Dublin- based drugmaker said it was...

  • Nov 2- Allergan Plc on Wednesday expanded its share buyback program by $5 billion to $15 billion and set its first-ever quarterly dividend, cushioning the impact of lower-than-expected quarterly revenue and lifting its shares. The company was created when Dublin- based Actavis bought the Botox maker in March 2015, snatching it from hostile bidder Valeant...

  • Nov 2- Allergan Plc on Wednesday expanded its share buyback program by $5 billion to $15 billion, and set its first-ever quarterly dividend. Allergan, which in May announced it would buy back up to $10 billion in stock, on Wednesday said it had repurchased $5 billion of shares ahead of schedule. The company was created when Dublin- based Actavis bought the Botox...

  • *Raises 2016 profit forecast to $4.50- $4.65/ shr from $4.30- $4.50. The company, which counts Boeing Co and Airbus Group SE among its biggest customers, said it purchased 7.4 million shares for $332 million in the third quarter ended Sept. 29, and completed its existing share repurchase program, which was to run through December 2017. The Wichita, Kansas- based company...

  • Propelled by strong advertising on mobile devices and video site YouTube, Alphabet's net income climbed 27 percent to $5.06 billion. The company authorized a $7 billion repurchase of its Class C stock, pleasing investors who had been craving more after a $5 billion repurchase last year. Google Chief Executive Sundar Pichai touted the company's gains in the...

  • Oct 27- Google parent Alphabet Inc reported stronger-than-expected quarterly revenues and earnings on Thursday, helped by strong advertising sales on mobile devices and YouTube, and the search company authorized a $7 billion repurchase of its Class C stock. The company posted third-quarter adjusted earnings per share of $9.06 on revenue of $22.45 billion.

  • Oct 27- Google parent Alphabet Inc reported a 20.2 percent rise in quarterly revenue on Thursday, helped by robust sales of advertising on mobile devices and YouTube, and the search company authorized a $7 billion repurchase of its Class C stock. Google has been dogged by concerns about how it would nudge its vast web advertising business toward mobile, but the...

  • Oct 27- Google parent Alphabet Inc reported a 20.2 percent rise in quarterly revenue on Thursday, helped by robust sales of advertising on mobile devices and YouTube, and the search giant said it would repurchase about $7 billion of its Class C stock. Alphabet, along with Facebook Inc, dominates the fast-growing mobile advertising market. Google's ad revenue...

  • SEOUL, Oct 27- Samsung Electronics and battery supplier Samsung SDI expect to announce the results of their probe into the cause of fires in some Galaxy Note 7 smartphones late this year, a SDI executive said on Thursday. Samsung SDI also announced plans to buy back shares worth nearly 300 billion won $263 million). ( $1= 1,140.3700 won). (Reporting by Hyunjoo Jin;...

  • SEOUL, Oct 27- Samsung Electronics Co Ltd said on Thursday it is considering another round of share buybacks, without commenting on specifics including the amount of money to be returned to shareholders.

  • Roller Coaster

    TrimTabs tells clients the falling level of insider and corporate buybacks is a negative sign for markets.

  • MOSCOW, Oct 21- Search for potential investors for a 19.5- percent stake in Rosneft that the government plans to privatize this year is ongoing, Russia's economy ministry said on Friday, adding the state-run oil firm could buy some of its own shares. "Even if there is a buyback, we will expect a further sell-off of these shares to an investor at the most suitable point...

  • MOSCOW, Oct 21- Search for potential investors for a 19.5- percent stake in Rosneft that the government plans to privatize this year is ongoing, Russia's economy ministry said on Friday, adding the state-run oil firm could buy some of its own shares. "Even if there is a buyback, we will expect a further sell-off of these shares to an investor at the most suitable point...

  • MOSCOW, Oct 21- Search for potential investors for a 19.5- percent stake in Rosneft that the government plans to privatise this year is ongoing, Russia's economy ministry said on Friday, adding the state-run oil firm could buy some of its own shares. "Even if there is a buyback, we will expect a further sell-off of these shares to an investor at the most suitable point...

  • MOSCOW, Oct 21- Search for potential investors for a 19.5- percent stake in Rosneft that the government plans to privatise this year is ongoing, Russia's economy ministry said on Friday, adding the state-run oil firm could buy some of its own shares. "Even if there is a buyback, we will expect a further sell-off of these shares to an investor at the most suitable point...

  • Negative rates becoming less effective: Lombard Odier

    Talking buybacks, Salman Ahmed, chief strategist at Lombard Odier IM, explains why he believes some large companies have been "a bit guilty" from not using the low interest rate environment properly.

  • LONDON, Oct 14- Man Group, the world's biggest listed hedge fund, announced a rise in third-quarter assets under management, an acquisition and plans to buy back $100 million of shares, sending its stock as much as 17 percent higher on Friday. Man said it had $80.7 billion of assets under management at the end of September, up from $76.4 billion at the end of June and...

  • LONDON, Oct 14- European shares rose on Friday to claw back ground from losses in the previous session, with mining and telecoms stocks outperforming. Shares in British hedge fund Man Group jumped up by 9 percent after the company reported a rise in assets under management, and announced a share buyback and the acquisition of investment management company Aalto.

  • ABB to launch $3 billion share buyback program

    Ulrich Spiesshofer, CEO of ABB, says the company has lots of opportunities to fund organic growth and discusses the possibility of future M&A.