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Stocks Stock Buybacks

  • 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...

  • NEW YORK, Dec 6- The stock of JPMorgan Chase& Co has been climbing so much that "at a certain price," the company may consider issuing a special dividend to distribute excess capital rather than buying back additional stock, Chief Executive Jamie Dimon said on Tuesday. JPMorgan shares traded at $82.66 shortly after Dimon spoke, down 0.6 percent in morning trading.

  • Nov 21- Citigroup Inc said on Monday that it would increase its common stock repurchase program by up to $1.75 billion. The amount is in addition to the $10.4 billion in planned capital actions announced earlier this year, Citigroup said in a statement. Citigroup sad it had reduced the number of its outstanding common shares by 180 million, or 6 percent, in the past...

  • Nov 18- Social media giant Facebook Inc on Friday set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017.. Facebook's shares were up 1.1 percent at $118.24 in after-hours trading. The company also said Chief Accounting Officer Jas Athwal had resigned, effective Feb. 17.

  • Nov 18- Social media giant Facebook Inc said on Friday it would buy back up to $6 billion of its Class A shares, beginning in the first quarter of 2017.. The company also said Chief Accounting Officer Jas Athwal had resigned, according to a regulatory filing. ( http://bit.ly/2fE2wvw. (Reporting by Narottam Medhora in Bengaluru; Editing by Sriraj Kalluvila).

  • Nov 17- Marvell Technology Group Ltd reported a better-than-expected quarterly profit and said it would buy back $1 billion of shares. The chipmaker said the buyback would replace an existing $3.25 billion program, which had a balance of about $115 million. The company reported net income of $72.6 million, or 14 cents per share, in the third quarter ended Oct. 29,...

  • *Generated $4.1 bln of free cashflow Jan-Sep. MOSCOW, Nov 11- Russia's top oil producer Rosneft reported strong cashflow on Friday, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter net profit. The Kremlin-controlled company also intends to buy back 19.5 percent of its shares from...

  • Nov 10- MetLife Inc said on Thursday its board had approved a new $3 billion share buyback program, its largest ever. If the company bought shares at Wednesday's closing price of $51.28, it would be able to repurchase about 58 million shares, according to Reuters calculation. MetLife's stock was up 2 percent at $52.30 in light premarket trading on Thursday.

  • MOSCOW, Nov 8- Rosneftegaz, the state holding company that controls Russian oil major Rosneft, is considering helping Rosneft finance the buyback of some of its shares in Rosneft, three sources with knowledge of the discussions said. The state is seeking to raise about 700 billion roubles from the sale of the 19.5 percent stake. Under the scheme outlined by the...

  • The state is seeking to raise about 700 billion roubles from the sale of the 19.5 percent stake. Under the scheme outlined by the sources, who are in the banking and energy sectors and spoke on condition of anonymity, Rosneft would then pay the money back to Rosneftegaz in exchange for the stake, and in turn Rosneftegaz would transfer about 700 billion roubles to...

  • Peter Hancock, chief executive officer of American International Group.

    AIG CEO Peter Hancock says the company's third quarter has set a foundation for "long-term, profitable growth."

  • 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...

  • Roller Coaster

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

  • 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.

  • 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.

  • Buybacks could be big tail wind for stocks

    CNBC's Dominic Chu takes a look at how much of its own stock Apple, General Electric and Microsoft actually bought back this year.