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Stocks Stock Buybacks

  • Allianz rose 3.3 percent after Europe's largest insurer proposed spending 3 billion euros on buying back its own shares after posting a higher than expected profit growth. The STOXX 600 was flat, while UK's FTSE fell 0.1 percent and Germany's DAX was flat. Europe's insurance stocks were the biggest sectoral gainer, helped by Allianz but also by gains in Dutch...

  • ZURICH, Feb 16- Allianz, Europe's largest insurer, proposed spending 3 billion euros on buying back its own shares on Thursday after the Munich- based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. The company announced a 4.1 percent rise in the dividend to 7.60 euros per share after posting a 23...

  • Feb 10- Insurance broker Aon Plc said on Friday it agreed to sell its employee benefits outsourcing business to private equity firm Blackstone Group LP for up to $4.8 billion. Blackstone will pay $4.3 billion upfront and up to an additional $500 million based on future performance. The company said it expects to use part of the proceeds to buy back shares and...

  • Feb 9- Videogame publisher Activision Blizzard Inc reported fourth-quarter revenue above analysts' estimates, raised its dividend and announced a two-year $1 billion stock repurchase plan. Activision's total adjusted revenue rose to $2.45 billion in the fourth quarter ended Dec. 31 from $2.12 billion a year earlier. The company's net income rose to $254...

  • Who gains the most from Trump's tax holiday?

    CNBC's Seema Mody reports on the benefits to companies should President Donald Trump's repatriation tax holiday become reality.

  • LONDON, Jan 27- Alliance Trust, one of Britain's oldest investment managers, agreed on Friday to buy back shares held by a U.S. activist hedge fund, bringing an end to a campaign that has forced it to reform how it is run. Dundee- based Alliance, which traces its roots to the late 19th century and loans to farmers across the British Empire, said it would buy back a 19.75...

  • The Philadelphia- based company also said it will buy back $5 billion in stock during 2017 and increased its dividend by 15 percent. Shares rose 2.2 percent to $75.05 in Thursday morning trading. Phil Cusick, an analyst at JPMorgan, called it a strong quarter and said video and broadband subscriber numbers were better than expected.

  • BASEL, Switzerland, Jan 25- Swiss drugmaker Novartis said on Wednesday it will buy back up to $5 billion worth of shares over the next 12 months and may spin off the Alcon eye care business as it navigates a tough year before an expected return to growth in 2018.. "We've not ruled anything out, all options are on the table," Chief Executive Joe Jimenez said.

  • Jan 24- Intuitive Surgical Inc on Tuesday posted fourth-quarter profit that beat Wall Street expectations, but cautioned that growth in use of its da Vinci surgical robots will be slower next year at the same time research and development costs will increase. Intuitive also announced an accelerated plan to buy back $2 billion of its common stock, and shares...

  • NEW YORK, Jan 12- The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. On top of policy uncertainty, the market is missing stock buyback support in the quiet period ahead of earnings and...

  • Is the stock market dying? Depends on pace of buybacks: Pro

    Louis Navellier, Navellier & Associates, provides his outlook on the markets as buybacks reduce the number of outstanding shares.

  • President-elect Donald Trump has proposed a tax rate of 10 percent on overseas money brought back to the United States.

    If Trump offers a cash repatriation holiday, there better not be strings attached, according to the latest CNBC Global CFO Council survey.

  • Boeing hikes dividend, cuts production

    CNBC's Phil LeBeau reports Boeing is putting cash to work by increasing its dividend by 30-percent, while reducing production of its 777 jetliner.

  • 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."

  • 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.

  • US Markets

    U.S. markets are expected to continue catching tailwinds from lower-for-longer interest rates, says Point View Wealth Management's David Dietze.

  • Satya Nadella, CEO of Microsoft

    Last quarter saw a significant decline in the number of companies making such large repurchases.