Pfizer’s announcement comes ahead of the Trump administration’s long-awaited bill to lower taxes. President Donald Trump and Republican leaders predict the tax cuts will encourage U.S. companies to invest more, boosting economic growth. In rolling out a share buyback program, the drugmaker joins several other businesses including Boeing Co , Anthem Inc and Bank of […]
Its $20 billion buyback plan could signal trouble in paradise.
SoftBank Corp (9984.T) announced a near $1 billion share buyback and a higher quarterly profit as loss-making Sprint Corp (S.N) fared better than expected, with the Japanese telecoms group forecasting “light at the end of the tunnel” for its U.S. unit. The share buyback worth up to 120 billion yen ($961.69 million) would be SoftBank’s […]
Operating profit, which excludes some investing results, was $1.39 a share, beating the $1.21 average estimate of 21 analysts surveyed by Bloomberg. Peter Hancock, who became chief executive officer last year, is also seeking to cut costs to help boost margins. AIG said Monday that it got about $410 million in the quarter through the […]
The stock buyback craze has continued into the second quarter, and the cumulative effect of that craze is really mounting.
The Minneapolis, Minnesota-based retailer said it had invested $3.7 billion through the first quarter of 2015 to retire 56.9 million shares under the buyback program. Target also raised its quarterly dividend to 56 cents per share from 52 cents in the prior quarter. “Given our outlook for capital expenditures and the strong cash generation of […]
The seemingly insatiable appetite of companies for their own stock is unlikely to be satisfied soon, even if the U.S. Federal Reserve begins to hike benchmark interest rates and shares get pricier. Buybacks may lift earnings per share of companies in the Standard & Poor’s 500 index by between 1.5 and 2 percentage points this […]
Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba. Investors were pushing Yahoo to use some of the proceeds from the Alibaba …
Morgan Stanley says it will raise its dividend to 15 cents and buy back up to $3.1 billion in stock after the Federal Reserve System signed off on the plan. Morgan Stanley says it will buy back the stock …
General Motors has headed off a potentially divisive proxy fight by agreeing to buy back $5 billion in stock by the end of next year. The move announced Monday is part of a deal with Harry Wilson, a former …
){kind=link}
){kind=link}