Shares of Bed Bath & Beyond moved sharply higher at the opening bell Wednesday after executives rolled out a raft of initiatives to turn the struggling chain around.
NEW YORK (AP) — The nation's largest banks are rewarding shareholders by spending tens of billions raising their dividends and buying back stock after getting the green light from the Federal...
Corporations' appetite for buying back their own stock has hit a record high.
Stock buybacks by companies in the benchmark S&P 500 index climbed to $194.07 billion in the third quarter, according to data from S&P Dow Jones Indices.
LONDON (AP) — Royal Dutch Shell says it plans to repurchase $25 billion of its stock over the next two years after announcing that second-quarter earnings rose 30 percent as energy prices surged.
Earnings excluding one-time items and fluctuations in the value of inventories — the industry's favored measure of performance — rose to $4.69 billion from $3.60 billion in the same period last year. Net income jumped to $6.02 billion from $1.54 billion.
Walgreens gave investors a better-than-expected third quarter, raised its dividend and detailed a big share buyback Thursday. None of this seemed to matter once markets opened.
Shares of the nation's largest drugstore chain and its competitors tanked after Amazon.com took another step into their territory by announcing the purchase of PillPack, a relatively new online pharmacy that offers pre-sorted prescription dose packaging and home delivery.
THE HAGUE, Netherlands (AP) — Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry's, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year.
Unilever said Thursday that sales in the first quarter were hit by unfavorable currency exchange rates and fell 5.2 percent to 12.6 billion euros ($15.6 billion) compared with the same period last year. However, the company added that underlying sales growth was 3.4 percent.
NEW YORK (AP) — In a story Feb. 20 about the tax overhaul and companies raising dividends and share buybacks, The Associated Press reported erroneously that Sirius XM had increased its share buyback following the tax overhaul. The company is keeping the same level of buybacks as it did before the tax cuts.
A corrected version of the story is below:
Investors are winners as companies lay out tax-saving plans
SEOUL, South Korea (AP) — Samsung Electronics said Tuesday it will increase shareholder returns and review its corporate structure as investors step up pressure to reform the South Korean tech giant's governance structure following the Galaxy Note 7 fiasco.