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Stocks Stock Buybacks

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  • May 6- U.S. refiner HollyFrontier Corp's quarterly profit comfortably beat Wall Street estimates as lower crude costs boosted margins, and the company said it would buy back $1 billion in stock. The company, formed through a merger of Holly Corp and Frontier Oil Corp in 2011, has returned $2.9 billion in cash to shareholders since the deal. Dallas- based...

  • May 6- U.S. refiner HollyFrontier Corp said it would buy back $1 billion of its stock and reported a 49 percent rise in quarterly profit, helped by lower crude prices. The Dallas- based company said the buyback plan would replace its existing stock repurchase programs, which had $462 million remaining. Net income attributable to the company's shareholders rose to...

  • KANSAS CITY, Kan., May 4- General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan. The company makes its profit in North America and in China, where margins are likely to be squeezed.

  • NEW YORK, May 4- Comcast Corp, the largest U.S. cable operator, posted better-than-expected first-quarter profit, driven by strong growth in its high-speed Internet and business services. Comcast, which increased its stock buyback program to $10 billion last quarter, said it would now earmark $6.75 billion for 2015, higher than the $4.25 billion it had...

  • NEW YORK, May 4- Comcast Corp, the largest U.S. cable operator, posted better-than-expected first-quarter profit, driven by strong growth in its high-speed internet and business services. Comcast, which increased its stock buyback program to $10 billion last quarter, said it would now earmark $6.75 billion for 2015, higher than the $4.25 billion it had...

  • EXCLUSIVE-MANGROVE MAY CALL ON ATLANTIC TO OFFER $300 MLN SPECIAL DIVIDEND, CONDUCT SHARE REPURCHASE, OR BREAK UP AND SELL COMPANY- SOURCE.

  • Buybacks are surging: Is it a sell signal? Wednesday, 29 Apr 2015 | 12:35 AM ET

    Companies are gearing up for a plethora of share buybacks, but investors may want to look past the short-term boost to a potential sell signal.

  • NEW YORK, April 28- Citigroup Inc shareholders re-elected directors and overwhelmingly sided with the board on proposals at their annual meeting on Tuesday even as their stock traded for less than the company thinks it is worth. CEO Mike Corbat, in response to a question from stock analyst Mike Mayo, said the company wanted to continue repurchasing its stock...

  • *Offer starts on April 24 and expires on May 22. MOSCOW, April 24- Russia's Uralkali, the world's largest potash producer, will buy back up to $1.5 billion of its shares until May 22, it said on Friday, after its board changed policy and proposed no dividend payment for 2014.. "Taking into account Uralkali's current cash reserves, its expected future cash requirements,...

  • MOSCOW, April 24- Russia's Uralkali, the world's largest potash producer, may announce a buyback of at least $1 billion of its shares from the market, the Vedomosti newspaper reported on Friday, citing two sources close to the company and its shareholders. A third source said Uralkali may announce a share buyback of between $1 billion and $2 billion and that this...

  • April 22- Coca-Cola Co on Wednesday reported better than expected profit and revenue, helped by price increases in North America, as the beverage maker struggles to grow amid sluggish demand for soda. It kept its 2015 forecast unchanged Wednesday and said it will spend up to $3 billion this year buying back stock. The company has said it is targeting $3 billion in...

  • April 20- Groupon Inc said it would sell a 46 percent stake in Ticket Monster, its South Korean e-commerce business, for $360 million amid efforts to turn itself around. Shares of Groupon, which raised its current-quarter adjusted profit forecast and approved a new $300 million share repurchase program, rose 4.7 percent in early trading. Groupon will receive...

  • GE earnings beat Street; revenue misses Friday, 17 Apr 2015 | 7:20 AM ET
    GE earnings beat Street; revenue misses

    Nick Heymann, William Blair & Company analyst, weighs in on General Electric's quarterly results and the impact of a strong dollar on earnings.

  • GE reports mixed Q1 results Friday, 17 Apr 2015 | 6:34 AM ET
    GE reports mixed Q1 results

    Jack De Gan, Harbor Advisory CIO, breaks down General Electric's earnings and weighs in on the industrial giant's buyback program and its prospects in aerospace.

  • April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. W W Grainger had said earlier that it would buy back about $400 million in shares this year. The additional buyback will begin later this month and is expected to add 8- 12 cents per share to the company's...

  • W W Grainger announces $3 bln share buyback plan Thursday, 16 Apr 2015 | 7:37 AM ET

    April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. The company, which supplies material handling equipment, plumbing supplies, and power and hand tools, said it would fund $1.2 billion of the buyback with cash and the remainder through debt.

  • CHICAGO, April 14- U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit on increased freight volumes and higher rates charged to customers, and announced a $2 billion share repurchase program. The Jacksonville, Florida- based company reported first-quarter net income of $442 million or 45 cents per share, an 11 percent increase over the $398...

  • GE cashes out and changes its ways Monday, 13 Apr 2015 | 8:03 AM ET
    GE cashes out and changes its ways

    Harry Wilson, MAEVA Group chairman & CEO, discusses General Electric's plan to restructure and regain the competitive advantage. And William Daley, former Obama chief of staff, adds perspective

  • *GE set for $50 bln buyback plan; shares most active on NYSE. NEW YORK, April 10- U.S. stocks ended a strong week with a broad rally on Friday as investors lauded GE's decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares. General Electric rose 10.8 percent to $28.51, hitting its highest level since September 2008...

  • *GE divestment scheme lifts Wall Street. *China inflation flat, suggesting more easing from Beijing. Wall Street scored solid gains after U.S. conglomerate General Electric Co. said it plans to sell assets and buy back up to $50 billion of its stock.