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Stocks Stock Buybacks

  • The company's shares rose more than 6 percent to $41.85 in early afternoon trade as the company also boosted its share buyback program to $4 billion from $1 billion. Devon said in March it was looking at asset sales of up to $5 billion, as the industry comes under pressure from Wall Street to look for more ways to boost shareholder returns. "The EnLink proceeds,...

  • *UnitedHealth rises on dividend raise, buyback plan. June 6- U.S. stock index futures rose on Wednesday, with electric carmaker Tesla and insurer United Health among the biggest drivers after the tech-heavy Nasdaq index hit a record high on Tuesday. Tesla Inc jumped 3.9 percent after billionaire Chief Executive Elon Musk reassured shareholders that building...

  • In May U.S.-listed companies also sold new shares at the fastest pace in three years, but cash takeovers of companies with U.S. listings fell to a three-month low, according to TrimTabs Investment Research. TrimTabs said Apple Inc was the biggest spender, with an announcement for potential buybacks of up to $100 billion, while Micron Technology made a $10.0...

  • An employee works on a power electronic component at the Toshiba International Corp. manufacturing facility in Houston, Texas.

    Japan's Sharp said it will buy Toshiba's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks.

  • *Sharp to pay $36 mln for 80 pct stake in PC unit. TOKYO, June 5- Japan's Sharp Corp said it will buy Toshiba Corp's personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn. "Foxconn is a PC contract manufacturer and has a great deal of expertise and production...

  • Money is pouring into the economy and in turn helping provide support for the otherwise struggling stock market. If current conditions persist, corporations are likely to inject more than $2.5 trillion into what UBS strategists term "flow."

  • JERUSALEM, May 31- Partner Communications, Israel's second-largest mobile phone operator, reported an 86 percent drop in quarterly profit as it continues to invest heavily in the deployment of a fiber-optics network and its TV service. The company also said it planned to buy back up to 200 million shekels of its own shares traded in Tel Aviv between June 4 and May...

  • BOSTON, May 25- Billionaire investor Carl Icahn, who spent years defending Herbalife Nutrition Ltd against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him. Herbalife last year announced plans to buy back $600 million of its own stock...

  • ST PETERSBURG, Russia, May 24- Russian metals tycoon Oleg Deripaska is considering having his En+ group company buy some of his shares so his stake is below the controlling level, a maneuver he hopes will remove his firms from a U.S. sanctions list, according to three sources familiar with the discussions. Deripaska and the biggest companies in his empire were...

  • JERUSALEM/ LONDON, May 24- Bank Leumi, Israel's second-largest lender, said on Thursday it would start next week the first share buyback programme by an Israeli bank in more than three decades. The bank, which reported a smaller-than-expected 17 percent rise in first-quarter profit, said it planned to buy up to 700 million shekels, or 2 percent, of its shares, by March...

  • May 22- Shares of Micron Technology Inc gained 7 percent on Tuesday and were the most traded stock on Wall Street, a day after the chipmaker said it would buy back up to $10 billion of its shares. "Micron executed one of its best investor days we can remember by cementing the case of the structural change in the memory/storage industry," Rosenblatt Securities analyst...

  • NEW YORK, May 22- U.S. companies announced $183.4 billion in share buybacks during the most recent earnings season, according to TrimTabs Investment Research. More than half of the total was contributed by Apple Inc, which on May 1 said it had committed to an additional $100 billion for its stock repurchase program. Broadcom Inc, Facebook Inc, Qualcomm Inc and...

  • May 22- Shares of Micron Technology Inc gained 5 percent on Tuesday and were the most traded stock on Wall Street, a day after the chipmaker said it would buy back up to $10 billion of its shares. "Micron laid out the case that its business is strong and getting stronger as the demand for memory continues to expand, particularly as we enter a new age of AI," Barclays...

  • May 21- Micron Technology Inc said on Monday it would repurchase up to $10 billion of its shares, or about 16 percent of the company's market value, making it the memory chipmaker's biggest ever buyback. They were up 4.3 percent at $57.89 in extended trading. Micron, which has a market value of about $62 billion, also raised its third-quarter profit and revenue...

  • May 21- Memory chipmaker Micron Technology Inc said on Monday it would buy back up to $10 billion of its shares, in conjunction with its newly announced plans to return at least 50 percent of free cash flow to stockholders from fiscal 2019.. The buyback represents about 16 percent of Micron's market capitalization of $62 billion. Shares of Micron were up 3.3...

  • *FTSE 100 down 0.1 pct. The FTSE 100 ended the session down 0.1 percent at 7,778.79 points, in line with the FTSE 250 which hit a fresh record earlier in the session before turning lower. Commodities, a key part of the UK stock market, have driven much of the recent climb in the FTSE 100, which has also benefited from a string of brokers recommending investors buy back...

  • *FTSE 100 down 0.2 pct. The FTSE 100 was down 0.2 percent by 0831 GMT, in line with the FTSE 250 which also hit a record high on Thursday. Commodities, a key part of the UK stock market, have driven much of the recent climb in the FTSE 100, which has also benefited from a string of brokers recommending investors buy back into the region.

  • *L Brands, Booking Holdings drop on disappointing forecasts. May 10- Wall Street jumped on Thursday, and Apple inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster U.S. interest rate hikes this year. Fueled by a $100 billion buyback plan unveiled last week, Apple rose 1.43 percent to a record high close of $190.04, lifting...

  • May 9- Chipmaker Qualcomm Inc said on Wednesday its board has approved a new $10 billion buyback program that replaces the previous $15 billion stock repurchase program announced in March 2015. The earlier stock repurchase program had $1.2 billion remaining, the company said. The company's shares rose 2.5 percent to $54.49 in extended trading.

  • OMAHA, Neb., May 5- Warren Buffett said he would be happy if his conglomerate Berkshire Hathaway Inc owned more than 5 percent of Apple Inc's stock, including if the iPhone maker bought back more of its shares. It came two days after Buffett revealed having bought 75 million additional Apple shares, and four days after Apple said it may buy back $100 billion of stock.