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Stocks Stock Buybacks

  • 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...

  • The Federal Reserve Building in Washington, D.C.

    CNBC's Kayla Tausche reports 34 of the nation's largest banks are getting the green light for buybacks and dividends.

  • TOKYO, June 29- Share buy-backs by Japanese companies are sharply down from last year despite rising profits, suggesting that Japan Inc's commitment to raising shareholder returns could be waning. "At high stock price levels, some companies are refraining from buying back their own shares," said Makoto Sengoku, a market analyst at Tokai Tokyo Research Institute.

  • WASHINGTON/ NEW YORK, June 28- The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe. Fed Governor Jerome Powell, who is acting as regulatory lead for the U.S. central bank, said the process "has motivated all of the largest banks to achieve...

  • WASHINGTON/ NEW YORK, June 28- The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe. Fed Governor Jerome Powell, who is acting as regulatory lead for the U.S. central bank, said the process "has motivated all of the largest banks to achieve...

  • June 28- Citigroup Inc said it plans to repurchase up to $15.6 billion of common stock over the next 12 months and double its quarterly dividend to 32 cents per share, bringing total payouts to $18.9 billion. Citigroup, the fourth-biggest U.S. bank by assets, announced its intentions after the U.S. Federal Reserve said on Wednesday that it would permit the company...

  • WASHINGTON/ NEW YORK, June 28- The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond a cushion against possible catastrophe. Fed Governor Jerome Powell, who is acting as regulatory lead for the U.S. central bank, said the process "has motivated all of the largest banks to...

  • *Nestle to repurchase up to $20.8 billion in shares by June 2020. LONDON/ ZURICH, June 27- Nestle plans to buy back as much as 20 billion Swiss francs worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York- based hedge fund, controlled by billionaire...