Stocks Stock Buybacks

  • *Switzerland's second-biggest bank announces new buyback plan. ZURICH, Dec 12- Credit Suisse plans to buy back 2 to 3 billion Swiss francs of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring. Switzerland's second-biggest bank confirmed commitments to distribute...

  • A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange.

    With many stocks in bear market territory, it is becoming clear that much of the cash spent on stock buybacks in recent years has done little to prepare companies for a more difficult future.

  • Dec 11- CVC Capital Partners has launched a bid for Sweden's Ahlsell just two years after listing it, valuing the construction products and tools distributor at about 24 billion Swedish crowns. CVC, which is making the bid through Quimper AB, a CVC-backed entity, said it would not increase its offer. "Our experience and history with the company provides us with the...

  • NEW YORK, Dec 4- Jamie Dimon, chief executive of JPMorgan Chase& Co, on Tuesday said he favors using the bank's excess capital to reinvest in its business instead of buying back stock. "Stock buyback, in my opinion, is a very good thing to do when your stock is cheap," he said at an investor conference hosted by Goldman Sachs Group Inc.. The comments on buybacks come after...

  • On the first weekday of Lopez Obrador's administration, the Mexico City Airport Trust said in a statement it would buy back up to $1.8 billion of $6 billion in debt issued to fund the airport in an offer that runs through the start of January. Lopez Obrador's Oct. 29 announcement that he would scrap the partly built $13 billion airport set off a slump in Mexican...

  • The real gained 0.53 percent after Brazil's central bank offered $1 billion in dollar repurchase agreements, on top of its $2 billion offer on Tuesday, which sold out. Aside from liquidity issues and concerns about President-elect Jair Bolsonaro's efforts to reduce Brazil's budget deficit, trade disputes and rising U.S. interest rates have battered the real...

  • TOKYO, Nov 26- Japan's Alps Electric Co said it would take steps to boost shareholders returns after it completes a planned acquisition of affiliate Alpine Electronics Inc, in a move welcomed by asset manager Elliott Management. The method would include buying back its own shares worth about 40 billion yen, Alps said in a statement on Monday.

  • Nov 15- Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, sweetening the deal for shareholders with an additional $5 billion in cash. In July, the computer maker offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning...

  • Nov 15- Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning...

  • Nov 15- Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMWare to $120 per share from its previous offer of $109, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion in cash and stock to buy back shares tied to its interest in...

  • The 92 million shares of Baker Hughes for sale by GE was priced at $23.00, below the stock's $23.81 closing price on Tuesday, and came a day earlier than planned. GE will be able to raise nearly $4 billion from the sale if underwriters exercise options to buy an additional 9.2 million shares, with Baker Hughes repurchasing another 65 million shares in a private...

  • Nov 13- Dell Technologies Inc is working with investment banks to add more cash to a $21.7 billion offer to buy back a "tracking stock" tied to its software company VMware Inc following investor opposition, people familiar with the matter said on Tuesday. The move comes after several investors in the tracking stock, including billionaire Carl Icahn, said they...

  • Warren Buffett

    The stock market's biggest buying force is on track to post a historic November as corporations resume a rapid pace of share buybacks after third-quarter earnings.

  • TOKYO, Nov 8- Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas...

  • *Market prices-in split Congress- analyst. *NTT soars after it says it will buy back own shares. TOKYO, Nov 7- Japan's Nikkei rose in volatile trade on Wednesday morning as investors awaited the results of U.S. midterm elections.

  • TOKYO, Nov 2- Japan's Nikkei logged the biggest daily gain since March on Friday buoyed by companies which have large exposure in China such as Yaskawa and Fanuc on hopes that U.S.- China trade tension may ease. The Bloomberg report boosted investors' risk stance in late trade, prompting investors to buy back shares of companies which benefit from China demand.

  • Nov 1- Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock. Dell said in July it would pay $21.7 billion in cash and stock to buy...

  • Nov 1- U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple's shares ahead of results kept technology stocks under pressure. Chemicals producer DowDuPont Inc rose 6.6 percent after quarterly profit topped estimates and the company announced a $3 billion share buyback.

  • Nov 1- Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock. The investor also turned legal arguments against Dell in the past,...

  • This analyst doesn't like the way BHP moved

    David Lennox of Fat Prophets says he doesn't like BHP Billiton's off-market share buyback as it only benefits "specific" shareholders and the company buys those shares at a "discount."