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  • *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...

  • Japanese corporates use FX gains for buybacks: SocGen's Agbo-Bloua

    Kokou Agbo-Bloua, head of European equity and derivative strategy at Societe Generale, says share buybacks indicate companies do not have confidence in the growth prospects of the economy.

  • Sept 30- Activist investor Starboard Value LP disclosed a 3.7 percent stake in automotive parts retailer Advance Auto Parts Inc on Wednesday and urged the company consider steps including a "substantial" dividend or buyback. Advance Auto shares could be worth more than $350 each if the company took steps to improve margins, Starboard said in a letter to Chief...

  • *Bank wants to participate as government cuts stake- CEO. LONDON, Sept 29- Royal Bank of Scotland could buy back its own shares to help the British government offload its 73 percent stake in the bank, its chief executive told investors on Tuesday. I think it's probably the best thing for all investors, where excess capital goes back through buy-backs, " Ross McEwan told...

  • Wolseley lowers first-half forecast, buys back shares Tuesday, 29 Sep 2015 | 2:20 AM ET

    LONDON, Sept 29- Heating and plumbing supplier Wolseley plc lowered its outlook for revenue growth on Tuesday, saying it expected industrial markets in North America to remain challenging and little growth in a competitive British market. The British company said it expected to generate like-for-like revenue growth of about 4 percent in the six months to...

  • How a Fed rate hike delay could spur more buybacks Wednesday, 23 Sep 2015 | 7:01 AM ET
    Janet Yellen, chair of the Federal Reserve, speaks after a Federal Open Market Committee meeting in Washington, Sept. 17, 2015.

    A record year for debt-funded stock buybacks may soon become even more rewarding for shareholders.

  • NEW YORK, Sept 23- A record year for debt-funded stock buybacks may soon become even more rewarding for shareholders. Apple Inc, for instance, has issued $23.6 billion in debt this year despite having more than $200 billion in cash, part of its plan to buy-back up to $140 billion in shares by the end of March 2017. MetLife Inc., meanwhile, sold $1.5 billion in bonds in...

  • Sept 21- Medicines distributor AmerisourceBergen Corp said it authorized a special $2.4 billion share repurchase program to mitigate a possible dilution from the exercise of warrants issued to Walgreens Boots Alliance Inc in 2013.. AmeriSourceBergen, which has already bought back $650 million of shares in 2014 and $1 billion of shares since April this...