Stocks Stock Buybacks

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  • Nov 4- Upscale grocer Whole Foods Market Inc said it would buy back an additional $1 billion in shares and increased its quarterly dividend.

  • Visa buys back Visa Europe Monday, 2 Nov 2015 | 10:00 AM ET
    Visa buys back Visa Europe

    Visa is buying former subsidiary Visa Europe in a deal worth about $23.4 billion in cash and stock.

  • *Q3 operating profit $6.5 bln, in line with guidance. SEOUL, Oct 29- Tech giant Samsung Electronics Co Ltd on Thursday unveiled a 11.3 trillion won share buyback after reporting its first on-year profit growth in two years thanks to strong component sales, pushing its shares sharply higher. The buyback, which will be carried out in phases over a year, will be welcome...

  • SEOUL, Oct 29- Tech giant Samsung Electronics Co Ltd said on Thursday it plans to buy back and cancel 11.3 trillion won worth of its own shares over the next year to boost shareholder value. Samsung, in regulatory filings and a statement, said it will initially buy back 4.2 trillion won worth of common and preferred shares from Friday until Jan. 29, 2016 because it...

  • *IBM to buy back additional $4 billion in shares. SAN FRANCISCO, Oct 27- The U.S. Securities and Exchange Commission is investigating how the International Business Machines Corp recognized revenue for certain deals in the United States, Britain and Ireland, IBM said on Tuesday, news that sent its shares down 4 percent. IBM, the world's largest technology services...

  • Oct 23- American Airlines Group Inc, the world's largest carrier, said on Friday its third-quarter profit jumped, beating analysts' expectations. The earnings report comes about a week after American finished transferring thousands of customer reservations from the computer platform of subsidiary US Airways to the one used by American.

  • SAN FRANCISCO, Oct 22- Alphabet Inc, known until recently as Google Inc, introduced its first share buyback and beat Wall Street's profit forecast on Thursday, sending its stock to its highest-ever level in after-hours trading. Mature technology companies such as Apple Inc and Microsoft Corp have come under intense pressure in recent years to give back more...

  • *Perrigo to cut 800 jobs, or 6 pct of workforce. Oct 22- Perrigo Co Plc said it would lay off 6 percent of its global workforce and buy back shares worth $2 billion to boost earnings, as the generic drug maker looks to convince investors to rebuff Mylan NV's hostile bid. Mylan, which first made a bid for Perrigo in April, went hostile in September, offering $75 in cash and 2.3...

  • *Perrigo shares down about 3 pct; Mylan shares down 4.4 pct. Shares of Perrigo- which also said it would cut about 800 jobs, or 6 percent of its workforce- were down about 3.6 percent in morning trading. Mylan has been repeatedly spurned by Perrigo since April, forcing the generic drugmaker to take its buyout offer directly to Perrigo's shareholders.

  • UNITED AIRLINES ON THURSDAY ENTERED INTO $300 MILLION ACCELERATED SHARE REPURCHASE PROGRAM TO BE COMPLETED IN 3 MONTHS- ACTING CFO.

  • *U.S. chemical maker's shares up 6.8 pct at $50.70 premarket. **Dow says it will get pre-tax proceeds of $1.5 bln from stake sale in a JV with Petrochemical Industries Co of Kuwait. **Says company's capital expenses will decline and it expects to buy back $1 bln of shares in Q4 and $2 bln in 2016.

  • Perrigo also said it is beginning the process of selling its U.S. Netherlands- based Mylan has offered $75 in cash and 2.3 of its shares for each Perrigo share, a combination worth $169.05 based on Mylan's closing price on Wednesday of $40.89. Perrigo's shares were up 2 percent at $159.71 in premarket trading.

  • Perrigo to cut 800 jobs, buy back $2 bln in shares Thursday, 22 Oct 2015 | 6:21 AM ET

    Oct 22- Drugmaker Perrigo Co Plc said it would cut about 800 jobs and buy back $2 billion worth of common shares as it looks to stave off a hostile bid from Mylan NV. The company said the actions are expected to help it earn about $9.45 per share in 2016, including the benefit of buying back $500 million in shares in the fourth quarter. Net sales rose 41 percent to $1.34...

  • Oct 20- United Technologies Corp reported a drop in quarterly profit on Tuesday that still beat analyst expectations as cost controls helped offset weaker revenue, and the industrial manufacturer said it would buy back $12 billion worth of shares. Including $4 billion in repurchases made so far this year, United Tech said it would expect to complete $16...

  • MOSCOW, Oct 19- VTB, Russia's second-biggest bank, on Monday launched an offer to buy back up to $1.9 billion of 10 Eurobond issues in different currencies, the second time it has sought to buy back its bonds from the market this year. The bank said in a statement on the Luxembourg Stock Exchange that it was willing to purchase up to $773 million of six dollar-...

  • Pentagon check-writer doesn't like stock buybacks Friday, 16 Oct 2015 | 10:19 AM ET
    Sikorsky S-97 Raider helicopter

    Frank Kendall has a lot of power with the defense industry, and he represents its number one customer — the U.S. taxpayer.

  • Oct 14- Wal-Mart Stores Inc said full-year sales would be flat due to the stronger-than-anticipated impact of the dollar's strength, and that investment in technology and employees would pressure earnings next year, sending its shares down 10 percent. Shares of the company, which also announced a $20 billion share buyback, fell to a more-than three-year low of...

  • Oct 13- Drugmaker Johnson& Johnson said it plans to buy back up to $10 billion of common stock over time. The repurchase would take away nearly 104 million shares of the company's outstanding shares, according to Thomson Reuters calculations. Shares of the New Brunswick, New Jersey- based company rose 1.3 percent to $97.25 in light trading before the bell.

  • Johnson & Johnson to buy back shares up to $10 bln Tuesday, 13 Oct 2015 | 6:59 AM ET

    Oct 13- Drugmaker Johnson& Johnson said it would buy back up to $10 billion of common stock over time. The company said on Tuesday it had about 2.77 billion shares of common stock outstanding as of Sept. 27. J&J is expected to report its third-quarter results on Tuesday before the markets open.

  • Oct 7- Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016.. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global...