Category: buyback
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GM announces $6B share buyback, boosts dividend
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GM shareholders (GM) just received what they wanted just a few weeks ago when the auto company published the results of Q4 – cash. General Motors announced on Wednesday that it raised its quarterly profits by $ 0.03 to $ 0.15 per share, its first increase since 2023. In addition,…
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Local unions group seeks ouster of Kroger CEO after $7.5 billion buyback plan
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(Reuters) – Some local United Food and Commercial Workers (UFCW) unions on Friday urged Kroger’s board to replace CEO Rodney McMullen after the company announced a $7.5 billion stock buyback plan after finalizing its deal to buy Albertsons. The local UFCW union that led the “Stop the Merger Coalition” claimed…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Microsoft Announces $60 Billion Buyback, Raises Dividend 10%
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(Bloomberg) — Microsoft Corp. unveiled a new $60 billion share buyback program, matching its largest buyback authorization ever, and raised its quarterly dividend by 10%. Most Read from Bloomberg The software company said shareholders will receive a quarterly dividend of 83 cents per share starting Nov. 21, compared with 75…
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Nvidia’s $50 Billion Buyback Is Not a Reason to Buy the Stock Hand Over Fist. Here’s What I’m Concerned About.
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On August 28, Wall Street held its breath as the world’s most important artificial intelligence company reported second-quarter earnings. And I’m talking about Nvidia (NASDAQ: NVDA)Of course. While each member of the “The Great Seven“It is seen as an indicator of the direction of all things AI, and Nvidia has…
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Nexstar raises dividend, approves mega buyback By Investing.com
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IRVING, Texas – Nexstar Media Group, Inc. (Nasdaq: NASDAQ), a diversified media company, today announced a quarterly cash dividend of $1.69 per share, payable on August 23, 2024, to shareholders of record through August 9, 2024. Additionally, the company’s board of directors approved a new share repurchase program of up…
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D.R. Horton’s home sales forecast, $4 billion buyback send shares to record high By Reuters
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By Ananta Agarwal (Reuters) – D.R. Horton Inc cut its annual home sales forecast and beat Wall Street estimates for quarterly profit on Thursday, as historically low U.S. supply supported demand despite higher mortgage rates, sending its shares to a record high. The largest U.S. homebuilder by sales volume now…
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Iveco Group: periodic report on the buyback program
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Article Content Turin, 16DJuly 2024Iveco Group NV (EXM: IVG) announces that under the ongoing initial tranche of the common share buyback programme announced on 21street June 2024, the company completed daily, starting at 8:00 p.m.D July 2024 to 12D July 2024 Next transactions: date Number of common shares purchased Average…
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Prudential plans $2 billion share buyback By Reuters
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(Reuters) – Insurance group Prudential said in a statement on Sunday that it is planning a $2 billion share buyback program that will be completed no later than mid-2026. The life and health insurance company said in a separate statement that it will initiate the first $700 million tranche of…
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State plans second Sh130bn Eurobond buyback in 2024
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Kenya seeks to spend another 130.7 billion shillings ($1 billion) this year to repay its multi-billion-shilling Eurobond due in 2027, as incoming payments slow as part of efforts to mitigate currency and default risks. The country unveiled a buyback plan to the World Bank, but did not reveal whether it…
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Sony shares rally 10% as $1.6 bln buyback offsets weak earnings By Investing.com
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Investing.com — Japanese stocks of electronics group Sony Shares of Corp (TYO:) rose sharply on Wednesday after it announced a massive stock buyback and stock split, offsetting weak annual earnings and middling guidance. Sony shares jumped 10% to 13,170.0 yen, the highest level in nearly two months. The stock was…