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Stocks Stock Buybacks

  • HOUSTON, Sept 20- U.S. oil producer Anadarko Petroleum Corp said on Wednesday it would spend $2.5 billion to buy back its own stock, a plan worth roughly 10 percent of its outstanding shares at current prices. Anadarko, which has a 5 cent dividend that is far below peers, said it would spend $1 billion by December on buybacks and the remaining $1.5 billion by the end of...

  • MEXICO CITY, Sept 18- Heineken shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the world's second largest brewer, worth 2.5 billion euros. LArche Green, the company through which the Heineken family exercises control of Heineken Holding, said it would buy back shares worth 200 million euros.

  • SHANGHAI, Sept 8- China's securities regulator on Friday published draft rules that would restrict borrowing using stocks as collateral, part of efforts to reduce leverage in the financial system and ward off systemic risks. The draft rules on the so-called stock pledged repurchase business, published by the Shanghai and Shenzhen stock exchanges, will curb...

  • JOHANNESBURG, Sept 5- South African retailer Shoprite's shareholders approved a buyback of former chief executive Whitey Basson's shares for 1.75 billion rand, the company said on Tuesday. The deal, one of the biggest executive handshakes yet in South Africa, was approved by more than 95 percent at an extraordinary general meeting of the shareholders in...

  • Herbalife said it would buy back shares for $60- $68 per share to "provide tendering shareholders with some protection" in case the company was taken private within two years for a higher price. While China's State Administration for Industry and Commerce did not name the companies in the report, the news sent the shares of Herbalife and other multi-level...

  • Aug 21- Herbalife Ltd said on Monday it had started buying back up to $600 million of its shares in the form of a modified Dutch tender, after talks with an investor to take the company private fell through. Herbalife said it would buy back shares for $60- $68 per share to "provide tendering shareholders with some protection" in case the company was taken private...

  • Herbalife held unsuccessful talks to go private

    Herbalife announces a $600 million Dutch auction to buy back its shares at a price between $60 and $68 per share.

  • Aug 16- India's Infosys Ltd said on Wednesday its board will consider a proposal, to buy back equity shares, at its meeting later this month. The country's No. 2 software services exporter said in April, it would return up to 130 billion rupees to shareholders in the fiscal year ending March 2018, adding the manner of the payout will be decided by later by the board.

  • SAN FRANCISCO, Aug 3- Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, news along with better-than-expected quarterly revenue that drove its shares up more than 18 percent. The online food delivery platform reported second-quarter revenue up 32 percent to $159 million, slightly above the $158 million expected on...

  • SAN FRANCISCO, Aug 3- Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, as it posted revenue that beat expectations, news that sent Yelp's shares up 19 percent. The online food delivery platform reported second-quarter revenue up 32 percent to $159 million, slightly above the $158 million expected on average by...

  • *Apple hits all-time high on strong iPhone sales. Aug 2- The Dow climbed above the 22,000 mark for the first time on Wednesday, buoyed by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500.. Some investors believe corporations must start spending less on buying back shares and more on technology to improve...

  • *Apple hits all-time high on strong iPhone sales. Aug 2- The Dow peaked above the 22,000 mark for the first time on Wednesday, powered by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks pulled the Nasdaq and S&P 500 lower. Some investors believe corporations must start spending less on buying back shares and more on technology to...

  • *Announces third share buyback worth up to $2 billion. HONG KONG/ LONDON, July 31- A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017.. The news sent HSBC shares up three percent to a four-year high of 764 pence each in London, as the bank signaled...

  • Laith Khalaf, senior analyst at Hargreaves Lansdown, weighs in on HSBC's share buyback scheme which is worth up to $2 billion.

  • HSBC's share buyback is in line with analyst expectations and is expected to support the bank's stock price, says Jackson Wong of Huarong International Securities.

  • SEOUL, July 27- Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The company on Thursday also announced its third share buyback of the year, at 1.7 trillion won worth of common shares, as part of the 9.3 trillion won annual...

  • SLS owned 0.84 percent of Abercrombie's shares outstanding as of March 31, according to Thomson Reuters data. New Albany, Ohio- based Abercrombie operates around 700 stores in the United States and nearly 200 more internationally. The retailer could buy back $200 million of stock while slashing its annual dividend to 18 cents from the current 80 cents, SLS said.

  • DETROIT, July 18- CSX Corp, the third-largest U.S. railroad operator, posted a better-than-expected rise in quarterly net profit on Tuesday, helped by improved coal shipments, and the company also announced a $500 million increase to its share repurchase program. The Jacksonville, Florida- based railroad said second-quarter revenue rose 8 percent, on growth...

  • The company's adjusted gross margin rose 130 basis points to 29 percent for the fourth quarter ended May 28, while Wall Street was expecting a 140 basis point increase, according to J.P. The maker of popular snack brand ACT II also said it would buy back an additional $1 billion in shares, taking its repurchase authorization to about $1.38 billion.

  • June 29- Chef Boyardee pasta maker Conagra Brands Inc reported a 29 percent rise in quarterly profit as it cut back on promotions and jettisoned low-margin products. The company also said it would buy back an additional $1 billion in shares, taking its repurchase authorization to about $1.38 billion. Net income attributable to the company rose to $151.3...