ANNOUNCES EXPANSION OF EXISTING STOCK REPURCHASE PROGRAM * CEVA - BOARD AUTHORIZED EXPANSION OF COMPANY'S SHARE REPURCHASE PROGRAM WITH AN ADDITIONAL 700,000 SHARES OF COMMON STOCK AVAILABLE FOR REPURCHASE.
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ADOPTS $40 MILLION STOCK REPURCHASE PROGRAM * RUSH ENTERPRISES INC - NEW STOCK REPURCHASE PROGRAM REPLACES COMPANY'S PRIOR $40 MILLION REPURCHASE PROGRAM Source text for Eikon: Further company coverage:
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ANNOUNCES STOCK REPURCHASE AUTHORIZATION * PAM TRANSPORTATION SERVICES INC- REAUTHORIZED STOCK REPURCHASE PROGRAM UNDER WHICH COMPANY CAN REPURCHASE UP TO 500,000 SHARES OF ITS COMMON STOCK Source text for Eikon: Further company coverage:
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They are: In China, open market operations mostly involve two processes called repurchase or reverse repurchase agreements.
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Announces stock repurchase program * Company may repurchase up to $100 million of its common stock, from time to time.
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AND THEN SHARE REPURCHASE, WE BOTH HAVE BEEN DOING SHARE REPURCHASE – I'M SURE YOU WILL SEE SOMETHING FROM US THERE.
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INCREASES STOCK REPURCHASE PROGRAM BY $35 MILLION * SAYS STOCK REPURCHASE PROGRAM EXPIRES ON NOV 29, AND MAY BE SUSPENDED OR DISCONTINUED AT ANY TIME * SAYS AUTHORIZING STOCK REPURCHASE PROGRAM UP TO $75 MILLION OF CLASS A STOCK $.
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BI will also add 3-month contract for repurchase or reverse repurchase transactions to the auctions once a week, he said.
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The new stock repurchase authorization is in addition to the bank's $4 billion share repurchase plan announced on March 11, 2015.
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Biogen added they will retire the shares and that the latest repurchase is separate from its prior repurchase in March 2019.
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ANNOUNCES ADDITION TO STOCK REPURCHASE PROGRAM * BOARD AUTHORIZED COMPANY TO REPURCHASE, AN ADDITIONAL 80.0 MILLION SHARES OF ITS COMMON STOCK * BOARD HAS AUTHORIZED TO REPURCHASE, FROM TIME TO TIME, UP TO AN ADDITIONAL 80.0 MILLION SHARES OF COMMON STOCK * STOCK REPURCHASE PROGRAM IS NOT SUBJECT TO AN EXPIRATION DATE Source text for Eikon: Further company coverage:
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Announces new $150 million share repurchase plan * Ebix -new share repurchase plan is in addition to 2 previously authorized share repurchase plans adding up to $200 million which are nearing full utilization Source text for Eikon: Further company coverage:
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ANNOUNCES NEW $500 MILLION SHARE REPURCHASE PROGRAM AND $0.10 CASH DIVIDEND * DILLARD'S INC - BOARD APPROVED A NEW SHARE REPURCHASE PROGRAM AUTHORIZING COMPANY TO REPURCHASE UP TO $500 MILLION OF ITS CLASS A COMMON STOCK Source text for Eikon: Further company coverage:
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The company expects to repurchase $2750 billion in shares over the next twelve months, replacing Harris' and L2733's existing share repurchase programs.
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The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, Mastercard said.
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Announces stock repurchase plan * Authorized an extension of current stock repurchase plan allowing a repurchase of up to an additional $20 million worth of stock of co * Kimball Electronics Inc says expects to finance additional purchases with existing liquidity * Kimball Electronics, Inc.
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Because dividends have the implied promise that you keep paying them forever and not decrease them and so on, whereas repurchase is assuming the price of the stock is such that continuing stockholders' benefit from the repurchase, we would probably lean toward repurchase.
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Applied Materials — The maker of semiconductor manufacturing equipment announced a new $2 billion share repurchase program, which will replace a completed $3 billion repurchase.
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Many companies just repurchase and repurchase, you know, it's the thing to do, and they're encouraged to by some shareholders and by their brokers.
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Announces 10% common stock repurchase program * Company may repurchase up to 525,200 shares of its common stock Source text for Eikon: Further company coverage:
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ANNOUNCES INCREASE IN ITS STOCK REPURCHASE PLAN * BOARD AUTHORIZED A $1.0 MILLION INCREASE TO STOCK REPURCHASE PLAN Source text for Eikon: Further company coverage:
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The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, Mastercard said. 7.
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ANNOUNCES STOCK REPURCHASE AGREEMENT WITH MONARCH ALTERNATIVE CAPITAL * ARCH COAL INC - AGREED TO REPURCHASE FROM MONARCH 500,000 SHARES OF STOCK AT PURCHASE PRICE OF $83.03 PER SHARE * ARCH COAL INC - INTENDS TO FUND REPURCHASE WITH CASH ON HAND Source text for Eikon: Further company coverage:
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The repurchase under the bank's 2015 capital plan is in addition to the $6.4 billion of shares authorized for repurchase by the board last year.
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The company said the new share repurchase will start after its previous $6.5 billion repurchase program completes, of which there is roughly $300 million left.
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This Offer is the first step in a broader stock repurchase program that may include future open market transactions and/or accelerated share repurchase transactions.
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Darden's board also signed off on a new share repurchase program, and the company can now repurchase up to $500 million of its outstanding common stock.
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The company authorized a $7 billion repurchase of its Class C stock, pleasing investors who had been craving more after a $5 billion repurchase last year.
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Expect to fund share repurchase from cash on hand * Co and esh hospitality inc have entered into a share repurchase agreement with selling stockholders * Extended Stay America Inc - pursuant to agreement, intend to repurchase 625,000 paired shares directly from selling stockholders Source text for Eikon: Further company coverage:
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ANNOUNCES INCREASED SHARE REPURCHASE AUTHORIZATION * PATRICK INDUSTRIES - BOARD APPROVED INCREASE IN AMOUNT OF STOCK THAT MAY BE ACQUIRED OVER NEXT 24 MONTHS UNDER CURRENT REPURCHASE PROGRAM TO $50 MILLION * PATRICK INDUSTRIES INC - INCREASED SHARE REPURCHASE AUTHORIZATION INCLUDES AMOUNT REMAINING UNDER PREVIOUS AUTHORIZATION Source text for Eikon: Further company coverage:
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It also announced that its board authorized the repurchase of up to an additional $10 billion of common stock under its existing share repurchase program in future quarters.
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The central bank's open market operations on Wednesday involved 270 billion of seven-day reverse bond repurchase agreements, against just 20 billion yuan of expiring reverse repurchase agreements.
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OMAM, which said it would repurchase 6 million ordinary shares from OM Group (UK) Ltd, a unit of Old Mutual, also priced the repurchase at $14.25 per share.
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Announces $8m repurchase plan * Ni holdings inc - approved an authorization for repurchase of up to $8 million of company's outstanding common stock Source text for Eikon: Further company coverage:
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The new share repurchase program will be effective at the completion of the company's previously announced $4 billion share repurchase program, under which it has about $1.3 billion remaining.
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International Bancshares Corp: * INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES EXTENSION OF STOCK REPURCHASE PROGRAM * INTERNATIONAL BANCSHARES CORP - APPROVED EXTENSION OF ITS STOCK REPURCHASE PROGRAM Source text for Eikon: Further company coverage:
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ANNOUNCES LAUNCH OF SHARE REPURCHASE PROGRAM * REVENUE GROUP INC - AUTHORIZATION ALLOWS REPURCHASE OF UP TO $50.0 MILLION OF COMPANY'S OUTSTANDING COMMON STOCK Source text for Eikon: Further company coverage:
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Announces completion of existing stock repurchase program and authorization of a new $100 million stock repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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ANNOUNCES $1 BILLION SHARE REPURCHASE PROGRAM * NORWEGIAN CRUISE LINE HOLDINGS LTD - BOARD OF DIRECTORS AUTHORIZED A THREE-YEAR, $1 BILLION SHARE REPURCHASE PROGRAM Source text for Eikon: Further company coverage:
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ANNOUNCES REPURCHASE AND SETTLEMENT AGREEMENT WITH FREESTONE CAPITAL MANAGEMENT * OWENS REALTY MORTGAGE INC - AGREED TO REPURCHASE SHARES FOR $19.25 PER SHARE IN A PRIVATE, ACCRETIVE TRANSACTION * OWENS REALTY MORTGAGE INC - DEAL FOR AGGREGATE PURCHASE PRICE WAS $15.6 MILLION * OWENS REALTY MORTGAGE-ENTERED INTO AN AGREEMENT WITH FREESTONE TO REPURCHASE 810,937 SHARES OF COMPANY'S COMMON STOCK BENEFICIALLY OWNED BY FREESTONE * OWENS REALTY MORTGAGE INC - COMPANY AGREED TO REPURCHASE SHARES FOR $19.25 PER SHARE IN A PRIVATE * OWENS REALTY MORTGAGE INC - COMPANY'S REPURCHASE PLAN, WHICH HAD BEEN SET TO EXPIRE ON JANUARY 15, 2018, HAS BEEN TERMINATED Source text for Eikon: Further company coverage:
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A Rule 10b2045-2187.78 repurchase plan allows the Firm to repurchase its equity during periods when it would not otherwise be repurchasing common equity - for example, during internal trading blackout periods.
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A Rule 10b5-1 repurchase plan allows the Firm to repurchase its equity during periods when it would not otherwise be repurchasing common equity — for example, during internal trading blackout periods.
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APPROVES NEW SHARE REPURCHASE PROGRAM * CODORUS VALLEY BANCORP, INC.
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Caesars Entertainment Corp: * CAESARS ENTERTAINMENT ANNOUNCES SHARE REPURCHASE AUTHORIZATION OF UP TO $500 MILLION * CAESARS ENTERTAINMENT CORP - BOARD OF DIRECTORS HAS AUTHORIZED REPURCHASE OF UP TO $500 MILLION OF COMPANY'S OUTSTANDING COMMON STOCK * CAESARS ENTERTAINMENT CORP - CAESARS ENTERTAINMENT INTENDS TO FINANCE SHARE REPURCHASE PROGRAM USING CASH FROM OPERATIONS Source text for Eikon: Further company coverage:
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Authorizes share repurchase plan * Jewett-Cameron trading company - board authorized implementation of a share repurchase plan to purchase for cancellation up to 225,000 common shares Source text for Eikon: Further company coverage:
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MasterCard also announced a new $4 billion share repurchase program.
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Corning (GLW) announced a new $4 billion stock repurchase program.
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Playtech said the share repurchase programme would start on Friday.
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The company also announced a $2 billion share repurchase program.
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Companies were previously banned from share repurchase in most circumstances.
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Red Hat also announced a $20183 billion share repurchase program.
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The share repurchase deal is expected to close on Monday.
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Skyworks also said it would repurchase $2 billion in stock.
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Buybacks occur when companies repurchase shares of their own stock.
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THE SHARE REPURCHASE WOULD BE ON A LOWER CAPITAL BASE.
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Visa also announced a new $5 billion share repurchase program.
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The company also announced a $500 million stock repurchase program.
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The retailer also announced a $500 million stock repurchase program.
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The company also announced a $650 million share repurchase program.
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The previous maximum tenor for repurchase agreements was 365 days.
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Express also announced a new $443 million share repurchase program.
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Thomson Reuters announced a new $500 million share repurchase program.
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The company also authorized a $1 billion share repurchase program.
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Peltz did urge Heinz to repurchase shares, which was done.
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The company declined to comment about its share repurchase record.
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It also announced a new $8 billion share repurchase program.
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Historically, Cogeco has not generally engaged in share repurchase activity.
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It also announced a new $8 billion share repurchase program.
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ANNOUNCES A STOCK REPURCHASE PLAN * AMERICAN NATIONAL BANKSHARES-BOARD AUTHORIZED STOCK REPURCHASE PROGRAM OF UP TO 300,000 SHARES OF CO'S OUTSTANDING COMMON STOCK FOR PERIOD OF 2 YEARS Source text for Eikon: Further company coverage:
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Charles Schwab – Schwab authorized a new $1 billion stock repurchase program.
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"The repurchase is expected to settle on July 2," BT said.
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Many such deals would involve holding bonds temporarily via repurchase agreements.
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The company also approved a new $2 billion share repurchase authorization.
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The Fed's approach was to tap into the "repo" (repurchase) market.
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Fitch expects FCF will be deployed towards its share-repurchase program.
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Approves share repurchase program Source text for Eikon: Further company coverage:
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The deadline for the swap and repurchase tenders is 5 p.m.
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It previously announced a $3 billion share repurchase in October 2015.
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The company also announced a new $2 billion share repurchase program.
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It plans to put $30 billion toward a stock repurchase program.
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Apple (AAPL) alone plans to repurchase another $75 billion of stock.
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The repurchase of the 40% stake was completed in August 2017.
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Overall, Greenhill could repurchase up to 30% of its outstanding stock.
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The company's board also authorized a $300 million share repurchase program.
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In November, Hilton increased its stock repurchase authorization by $1 billion.
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Traders who were forced to rapidly repurchase the euro on Dec.
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No reverse repurchase agreements were set to mature on the day.
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The drop was partly offset by repurchase agreements with other banks.
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The company's board also approved a $200 million stock repurchase program.
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Jia pledged to repurchase the stake after Leshi repays the money.
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Last month, it expanded its share repurchase program by $400 million.
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Charles Schwab (SCHW) authorized a new $1 billion stock repurchase program.
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Companies can authorize a share repurchase for a number of reasons.
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The board had halted a massive share repurchase program on Feb.
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That repurchase program was the largest in its publicly recorded history.
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Twitter also expects to undertake a $2 billion share repurchase program.
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The details are called "repurchase agreements" because of how they're structured.
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Stock buybacks occur when companies repurchase shares of their own stock.
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The buyback replaces the $2 billion repurchase program approved in 2010.
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The pipeline operator also announced a $2 billion share repurchase program.
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Executives are sometimes reluctant to repurchase shares if they look overvalued.
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This would eliminate unnecessary transactions costs generated by reverse repurchase agreements.
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Phillips 66 will repurchase 466.53 million shares for $93.725 per share.
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Thomson Reuters also announced a new $500-million share repurchase program.
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The People's Bank of China (PBOC) kept the interest rate on seven-day reverse bond repurchase agreements at 2.55 percent, and kept the 14-day reverse repurchase rate at 2.7 percent, it said in a statement Thursday.
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They want an accelerated share repurchase and then to just move on.
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Lowe's — The home improvement retailer announced a new $5 billion repurchase program.
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The payment network operator also announced a $6.5 billion share repurchase program.
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Company directors on Tuesday authorized a new $5 billion share repurchase program.
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Fitch expects FCF will be increasingly deployed towards its share-repurchase program.
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Petrobras has imposed a $500 million limit for the debt repurchase plan.
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"The repurchase is expected to settle on 2 July 2019," BT said.
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The company cited its $1.2 billion stock repurchase program announced in February.
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He also voiced enthusiasm about the company's ongoing plan to repurchase shares.
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The company also said it would repurchase $1 billion of its shares.
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The earlier stock repurchase program had $1.2 billion remaining, the company said.
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The company now has $3.8 billion remaining under current repurchase program authorizations.
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The drug store chain also authorized a $1 billion share repurchase program.
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Qorvo also announced a common stock repurchase of up to $1 billion.
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The big bank will repurchase 7 percent of its shares every year.
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The new repurchase program will start once the current one is completed.
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This would have been offset by a corresponding repurchase of common shares.
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Multiple that by $1 million and you get the new repurchase number.
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The company also announced a new $2 billion share repurchase program. Amazon.
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The bank said it would not conduct reverse repurchase operations on Monday.
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He said he and Buffett do not approve of all repurchase strategies.
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Yet Marriott spent $2.3 billion last year to repurchase 17.3 million shares.
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The company said the repurchase plan will last through Sept 15, 2021.
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That could complicate their plans to pay dividends and repurchase their shares.
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The company on Wednesday also announced a $10 billion share repurchase program.
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And Corporate America has continued to aggressively repurchase its shares this year.
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Additionally, Advance Auto Parts announced a new $600 million share repurchase program.
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The total volume of reverse repurchase agreements is a Fed policy parameter.
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Stock repurchase activity which suggests to me corporate managements are not pessimistic.
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An existing authorization allows Starbucks to repurchase an additional 16 million shares.
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China's central bank will inject 290 billion yuan ($44.09 billion) into the money markets through 28-day reverse bond repurchase agreements, and will inject 110 billion yuan through seven-day reverse bond repurchase agreements on Thursday, traders said.
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INCREASES QUARTERLY DIVIDEND TO 25 CENTS PER SHARE AND AUTHORIZES NEW $500 MILLION SHARE REPURCHASE PROGRAM * MORNINGSTAR - APPROVED A NEW SHARE REPURCHASE PROGRAM THAT AUTHORIZES CO TO REPURCHASE UP TO $500 MILLION OF CO'S OUTSTANDING STOCK, EFFECTIVE JAN 1, 2018 * MORNINGSTAR INC - DIVIDEND DECLARATION REFLECTS AN 8.7 PERCENT INCREASE IN QUARTERLY DIVIDEND TO 25 CENTS PER SHARE FROM 23 CENTS Source text for Eikon: Further company coverage:
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The home builder also revealed that it will repurchase $1 billion in shares.
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The arts and crafts retailer intends to repurchase eight million of those shares.
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From 2005 to 2011, the retailer spend about $6 billion to repurchase shares.
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Separately, the Boeing board raised its dividend and renewed its share repurchase authorization.
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The upscale home goods company also authorized a $300 million share repurchase program.
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Under the deal, it plans to repurchase 40 percent of the chip unit.
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The board approved an additional $2.5 billion stock repurchase authorization, with no expiration.
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Tempur Sealy — The mattress maker added $200 million to its stock repurchase program.
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WHICH WE WOULD EITHER USE FOR INVESTMENT OR TO SHARE BUYBACK OR REPURCHASE.
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The company also said it had authorized a $10 billion share repurchase program.
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In early 337160602, BWA launched a $33711 billion three-year share repurchase program.
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Bank Indonesia (BI) kept the 7-day reverse repurchase rate at 4.75 percent.
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Amazon saw shares bounce after it announced a $5 billion share repurchase program.
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Short-sellers sell borrowed shares, hoping to repurchase them later at lower prices.
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Given CCAR results, JPM's board authorized a $10.6 billion common equity repurchase program.
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The credit card giant also announced a new $5 billion share repurchase program.
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Bristol-Myers also announced a $2 billion accelerated share repurchase program on Tuesday.
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HP also said it is increasing its share repurchase program by $3 billion.
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Meanwhile, Marathon Petroleum approved an additional $3 billion to its shares repurchase program.
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Several drug company buybacks are a lot larger than prior share repurchase programs.
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Exxon slowed down last year its massive share repurchase program as earnings dropped.
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The semiconductor company announced a $12 billion share repurchase authorization on Thursday afternoon.
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The board did not set a deadline for completion of any share repurchase.
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It hired Grupo BTG Pactual SA to conduct the repurchase, the filing said.
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The company now has $2 billion remaining under the current repurchase program authorizations.
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Not all repurchase programs are bad, but the harmful probably outnumber the beneficial.
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Apple's program dwarfs others even as stock repurchase efforts kick into high gear.
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Results for a susbsequent repurchase of old notes will be released by Sept.
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The deadline for both the swap and repurchase tenders expired at 5 p.m.
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These liabilities were not traditional bank deposits but rather repurchase agreements, called repos.
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Proceeds will be used to partially fund an accelerated share repurchase program (ASR).
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SO NOW WE'RE GOING TO MOVE ON TO SHARE REPURCHASE BUYBACK AND DIVIDEND.
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If the funds are used to repurchase stock, that is a taxable event.
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Nonetheless, UBS has managed to meet its share repurchase target for this year.
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The board authorized a stock repurchase of up to $200 million in common stock.
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The board replaced its existing share repurchase system with a new $14 billion authorization.
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Now the big publisher are shifting so we have to REPURCHASE every two years??
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It also said it would complete a $2 billion share repurchase program this year.
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The company's board authorised a new share repurchase programme of up to $200 million.
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Plan to repurchase shares valued at $300 million from assured guaranty municipal holdings inc.
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The company is authorizing a further $75 billion cash return through a share repurchase.
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Boss Brent Saunders used the pick-me-up to shrink debt and repurchase shares.
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The company said it will repurchase the shares over a year starting on Wednesday.
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The next cash management bond repurchase operation is due to take place on Oct.
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"Stock repurchase remains the last priority for the use of cash," the official said.
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Investment bank Greenhill & Co. has announced plans to a leveraged recap and share repurchase.
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Operating company maximum dividend capacity is solid and share repurchase activity has been minimal.
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In March 2015, the firm's board authorized a $6.4 billion common equity repurchase program.
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The company expects to fund the repurchase with a combination of debt and cash.
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The total amount of common stock currently authorized for repurchase is about $1.3 billion.
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Falling bond prices could prompt even more defaults on repurchase contracts, formal or otherwise.
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Engel gave the collector the right to repurchase it, for $11,500, within a year.
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Sales rose 279.3%, and the company also announced a $277.95 million share repurchase program.
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During the first half of 5003, all had resumed shares repurchase plans in earnest.
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The company also said that its board had authorized $100 million repurchase of shares.
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The board of directors approved the additional repurchase, which will occur through June 2018.
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The big-box retailer unveiled a $20 billion share repurchase program on Tuesday morning.
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COM INC - CO INTENDS TO FUND SHARE REPURCHASE PROGRAM WITH CASH FROM OPERATIONS * CARS.
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The difference between the original sale price and the repurchase price is the profit.
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Philips Lighting has committed to repurchase 3.5 million shares in the offering, Philips said.
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In response, it began daily cash injections in the repurchase agreement, or repo, market.
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In response, it began daily cash injections in the repurchase agreement, or repo, market.
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HD Supply – The industrial-products distributor announced a new $500 million share repurchase program.
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Proceeds will be used for general purposes, including refinancing and the repurchase of debt.
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Red Hat announced a $1 billion stock repurchase program and reported first-quarter results.
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The Fed created reverse repurchase agreements to fix the interest on reserves arbitrage problem.
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The company also announced an additional $250 million stock repurchase and a new CFO.
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The rate on overnight repurchase, or repo, agreements surged to 5% on September 16.
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The company stated in its Q2 results, it expects to raise dividend to $4503 per share in 2018, $0.20 per share in Q1 - TE Connectivity approves additional $1.5 billion share repurchase and increases quarterly dividend to $0.44 per share from $0.40 per share - Dover Corp sees share repurchases of $1 billion in 2018 - American Tower to repurchase up to $2.0 billion of common stock - Ciena announces $300 million share repurchase authorization - Dollar General reiterates forecast for share repurchases for fiscal 2017 at about $450 mln - SG Networks Inc announces $150 million stock repurchase program (Reporting by Suhail Hassan Bhat)
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The company stated in its Q2 results, it expects to raise dividend to $4503 per share in 2018, $0.20 per share in Q1 - TE Connectivity approves additional $1.5 billion share repurchase and increases quarterly dividend to $0.44 per share from $0.40 per share - Dover Corp sees share repurchases of $1 billion in 2018 - American Tower to repurchase up to $2.0 billion of common stock - Ciena announces $300 million share repurchase authorization - Dollar General reiterates forecast for share repurchases for fiscal 2017 at about $450 mln - SG Networks Inc announces $150 million stock repurchase program Reporting by Suhail Hassan Bhat
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ANNOUNCES $500 MILLION INCREASE TO SHARE REPURCHASE PROGRAM * SL GREEN REALTY CORP - COMPANY'S BOARD OF DIRECTORS AUTHORIZED AN INCREASE TO SIZE OF ITS SHARE REPURCHASE PROGRAM * SL GREEN REALTY CORP - PROGRAM INCREASED TO $1.5 BILLION Source text for Eikon: Further company coverage:
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Announces board authorization of stock repurchase program * board of directors authorized stock repurchase program under which company may acquire up to $10 million of its outstanding common stock * purchases will be funded from available working capital Source text for Eikon: Further company coverage:
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FOXA reiterated its 2016 share repurchase amount during the fourth-quarter 2015 (Q415) earnings call.
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With the increase in leverage, Fitch expects Bunge will moderate share repurchase activity going forward.
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The company had authorization to repurchase $321 million of stock by the end of FY2018.
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Short sellers borrow shares of a stock and repurchase them later when the price drops.
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The seven-day bond-repurchase rate, which influences banks' funding costs, is in pole position.
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In August, it will make the 7.03-day reverse-repurchase rate IDCBRR=ECI the benchmark.
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Fitch will monitor the repurchase of the relevant assets on the January 2017 payment date.
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The company also approved a stock repurchase up to $21.56,210,222.25,2197 of its Class C shares.
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Volkswagen is also offering $240,100 to $10,000 in compensation in addition to the repurchase price.
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Several peers have also established repurchase programs over the past year given unit-price underperformance.
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The company announced that an additional $3 billion was authorized for the share repurchase program.
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Alphabet said it plans to repurchase up to $25 billion of its Class C stock.
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Amazon has just made it easier to repurchase your favorite items from its online store.
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The company said in a filing it plans to repurchase $100 million worth of shares.
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"We believe the company still has capacity to take on additional leverage to repurchase stock."
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UBS sees this repurchase program as a limit on the downside risk in the stock.
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Hess will complete a $1.5 billion share repurchase program by the end of the year.
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Goldman expects companies to spend $222 billion through share repurchase programs and M&A spending.
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The company said the board approved an additional $300 million toward a share repurchase program.
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The board also replaced the existing share repurchase program with a new $18 billion authorization.
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As shares climb, so too do the prices companies are paying to repurchase their stock.
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Wendel has entered into a 200 million euros share repurchase agreement with Goldman Sachs International.
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The company said its board approved a $25 billion increase to its stock repurchase plan.
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It also raised its full-year outlook, and announced a $1 billion share repurchase program.
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Tiffany also raised its full-year outlook and announced a $1 billion share repurchase program.
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Very few companies can survive if they need to repurchase their customers on every transaction.
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Jabil also announced a $350 million share repurchase program that will expire in August 2019.
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The truck manufacturing company announced a $300 million share repurchase of its outstanding common stock.
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LTC Properties Inc: * LTC TERMINATES SHARE REPURCHASE PLAN Source text for Eikon: Further company coverage:
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A prior $500 million repurchase program by the China-based online media company expires today.
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The company also said it would repurchase at least $21.88 billion in stock this year.
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Separately, the company announced on Tuesday a $500 million increase to its share repurchase plan.
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The original $240 billion repurchase agreement, signed in November 230, had a one-year maturity.
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And current liquidity conditions mean money market repurchase agreement rates have room to fall further.
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TMK uses these cash flows mainly for debt service and its active share repurchase program.
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The collateral-based foreign currency repurchase agreement (repo) business will be rolled out on Dec.
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Use cases the asset manager is interested include the settlement of repurchase agreements transactions, Stern said.
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Investors borrowed these shares with plans to sell and repurchase them later when the price drops.
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BT said it intended to repurchase up to 80 million pounds of shares offered by Orange.
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Sanmina's board also authorized the repurchase of up to an additional $200 million in common stock.
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On September 17, the rate on overnight repurchase agreements, or repos, soared as high as 10%.
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He met with his lawyers and developed a plan to offer to repurchase the issued coins.
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Bank Indonesia (BI) cut the 7-day reverse repurchase rate by 25 basis points to 5.5.%.
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Further, a payout ratio (including repurchase activity) exceeding 100% would also put pressure on current ratings.
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It has also entered into a structured repurchase agreement to lower the cost of acquiring shares.
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Amsterdam has gained more government-bond trading as well as trading in euro-denominated repurchase agreements.
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Remaining capital is expected to be used for bolt-on M&A and share repurchase activity.
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Goldman also authorized a $7 billion stock repurchase program, up from $1.33 billion a year ago.
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Foot Locker spent $1.8 million to repurchase 32,100 shares during the quarter — less than analysts expected.
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The MPC has accordingly decided to keep the repurchase rate unchanged at 7.0 percent per annum.
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HNA did not say how much cash it would get from the sale and repurchase deal.
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The company also said the board approved an additional $300 million toward a share repurchase program.
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Gap also announced on Thursday a new $1 billion share repurchase program, replacing an existing authorization.
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This stock buyback program will be replacing the previous repurchase authorization, which has $170 million remaining.
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Last month, Bank of America's board of directors increased its stock repurchase up to $800 million.
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Proceeds will be used for general purposes, including financial investments, refinancing and the repurchase of debt.
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At current prices, the repurchase plan could return about 17 million reais ($5.4 million) to shareholders.
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Correction: An earlier version of this story misstated the effective date of the share repurchase program.
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The company had previously announced plans to repurchase $12 billion in common stock earlier this year.
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Jourova's letter called on the German carmaker to offer to repurchase some vehicles, the official said.
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The repurchase program "may include open market purchases, private negotiated transactions or otherwise," the company said.
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The move follows a $2 billion repurchase program, launched in July, that will finish Dec. 2017.
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Herbalife will fund the stock repurchase from its term loans, credit facilities or cash on hand.
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Stock buybacks are a method that businesses use to repurchase their shares on the open market.
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Announces additional $2 million expansion to share repurchase program Source text for Eikon: Further company coverage:
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The new buyback would bring its total repurchase plan to $1.5 billion since late last year.
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When I buy Apple I know that Apple is going to repurchase a lot of shares.
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The company funded the repurchase of the ValueAct shares with revolver borrowings and cash on hand.
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JPMorgan announced a repurchase program of up to $19.4 billion, its biggest since the financial crisis.
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THEY BOUGHT BACK A THIRD OF THE COMPANY IN THE LAST THREE YEARS WITH STOCK REPURCHASE.
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The company did not provide any numbers, but said it intended to repurchase more bonds ahead.
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In addition, the Open Market Desk has recently expanded its overnight and term repurchase agreement operations.
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It will also offer repo, or repurchase, transactions to financial institutions with government bonds as collateral.
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The goal is to repurchase those shares when the stock is lower -- and pocket the difference.
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Those daily operations in the repurchase agreement - or repo market - were scheduled to end this week.
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Next week, the Fed will decide whether to approve plans to pay dividends and repurchase shares.
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These include stable average loan balances, moderating share repurchase activity and some downward deposit repricing tailwinds.
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Those daily operations in the repurchase agreement - or repo market - were scheduled to end this week.
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Berkshire raised its repurchase threshold to 1.2 times book value from 1.1 times in December 2012.
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Jefferies' Simons also said volatility in the overnight repurchase market may have contributed to some buying.
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Canada's No. 2 railroad said it would repurchase up to 6.91 million of its common shares.
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Rates spike The rate on overnight repurchase agreements hit 5% on Monday, according to Refinitiv data.
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Rates spiked for repo, or repurchase agreements, in a chaotic two-day period Monday and Tuesday.
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Disney no longer expects to complete the $20 billion share repurchase announced in December, McCarthy said.
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Announced that they have entered into a share repurchase agreement * Announced an underwritten secondary offering of 30 million paired shares * Extended Stay America - extended stay america and esh hospitality intend to repurchase 750,000 paired shares directly from selling stockholders Source text for Eikon: Further company coverage:
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ANNOUNCES SUSPENSION OF SHARE REPURCHASE PROGRAM * SUNLINK HEALTH SYSTEMS INC - SUSPENDING ITS SHARE REPURCHASE PROGRAM IN LIGHT OF COVID-19 PANDEMIC * SUNLINK HEALTH SYSTEMS INC - UNABLE TO PREDICT IMPACT OF CONTINUATION OF COVID-19 PANDEMIC ON COMPANY'S FINANCIAL CONDITION Source text for Eikon: Further company coverage:
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The New York Fed increased the size of its repurchase operations — basically short-term loans to banks — by $1.5 trillion through Friday, added to its weekly repurchase offerings, and shifted its Treasury purchases so that they extend across durations instead of focusing on shorter-term bills.
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ANNOUNCES PROPOSED OFFERING OF $500 MILLION CONVERTIBLE SENIOR NOTES * NRG ENERGY - INTENDS TO COMMENCE OFFERING OF $500 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2048 * NRG ENERGY INC - NOTES OFFERING IS EXPECTED TO BE LEVERAGE NEUTRAL * NRG ENERGY INC - INTENDS TO USE CASH ON HAND TO REPURCHASE SHARES TO COMPLETE NRG'S $500 MILLION SHARE REPURCHASE PROGRAM * NRG ENERGY INC - INTENDS TO ENTER INTO ACCELERATED SHARE REPURCHASE TRANSACTIONS WITH ONE OR MORE FINANCIAL INSTITUTIONS Source text for Eikon: Further company coverage:
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Most of the eight global systemically important banks (G-SIBs) upped their share repurchase and dividend plans.
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The company also authorized a repurchase of up to $4 billion of its class A common stock.
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The company will repurchase 60 million shares (or 4.3 percent of equity) at 1,500 rupees a share.
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As a result, he said, the company will continue to "be aggressive" with its share repurchase program.
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Bank Indonesia (BI) cut the 22-day reverse repurchase rate by 22017 basis points to 4.75 percent.
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Home Depot slipped 0.9 percent after the home improvement retailer announced a $15 billion share repurchase plan.
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Bank Indonesia (BI) cut the 214-day reverse repurchase rate by 140 basis points (bps) to 20925%.
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Management has maintained a steady commitment to returning excess cash to shareholders via share repurchase and dividends.
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The consumer review website operator also said its board had authorized a $200 million share repurchase program.
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Share Repurchase and Dividends Growing: Management expects to complete approximately $1 billion in share repurchases in 2016.
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The other is to repurchase shares in the stock market, adding to demand and lifting their price.
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Ingram will suspend its quarterly dividend payment and its share repurchase program until the deal is complete.
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As of April 9083, 2016, the company had remaining authorization to repurchase approximately 314 million additional shares.
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BANK OF CANADA TO BUY BACK UP TO C$500 MLN IN CASH MANAGEMENT BOND REPURCHASE OPERATION
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Alphabet plans to repurchase up to $21.06 billion of its Class C capital stock, the company said.
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The company's board of directors announced a $2 billion share repurchase program Monday after the market closed.
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The central bank raised interest rates on its reverse repurchase agreements (repos) and the SLF on Feb.
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Announces share repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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The share repurchase was just the latest effort the healthcare conglomerate has made to boost investor confidence.
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However, the repurchase announcement makes MGM's path and timing to investment grade more questionable in Fitch's opinion.
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Trading in European government bonds and repurchase agreements on CME's London unit has already moved to Amsterdam.
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Announces stock repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-646-8780)
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THE COMPANY HAS ALREADY SAID IT'S GOING TO DEDICATE SEVERAL BILLION DOLLARS A YEAR TO SHARE REPURCHASE.
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The company also said it would repurchase up to $21.36 billion worth of shares until Dec. 229.45.
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Announces stock repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 646 8780)
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Proceeds from the bond will form part of a government 'sinking' fund to repurchase or redeem debt.
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Share repurchase plans for AET, ANTM, HUM and CI had been suspended following merger agreements last year.
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Italy's Treasury said on Friday it would offer to repurchase five bonds at auction on Dec. 19.
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The new buyback comes on top of an existing plan to repurchase $85033 billion worth of shares.
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The company will also provide an update to the full repurchase program in 12 months, Maestri said.
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A repo or repurchase agreement is a type of short-term loan for dealers in government debt.
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The overnight bond repurchase rate was substantially higher on Wednesday, trading at around 1.82% by early afternoon.
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Boeing also announced it will replace an existing share repurchase program with a new $18 billion authorization.
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Adidas said it already has shareholder approval for the repurchase of 9 percent of its share capital.
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A redemption right lets investors make the company repurchase their shares after a certain period of time.
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The central bank calmed markets by conducting daily operations in the market for repurchase agreements, or repo.
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Under a separate SEC rule, companies can do a share repurchase program even during a blackout period.
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The central bank has no plan to introduce a repurchase agreement longer than 90 days, he added.
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Then the stock collapsed to less than half the price it had paid to repurchase those shares.
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The company also said TPG approached Goldman Sachs, the company LPL had hired to execute the repurchase.
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Another hazard: companies that spend billions to repurchase stock without substantially shrinking the number of shares outstanding.
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IHS Markit will conduct a $1 billion share repurchase program in 2017, as well as in 2018.
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Lauda made a bid to repurchase Niki, along with several others, but eventually lost out to IAG.
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WASHINGTON (Reuters) - Volkswagen AG has paid $211 billion to repurchase nearly 103,210 U.S. diesel vehicles through Feb.
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As a result, the company will fund a $2 billion share repurchase program, according to the announcement.
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Like most stock repurchase efforts, Apple's buyback program has helped bolster its share price in recent years.
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Among conditions for the aid are a pause on share repurchase agreements and dividend payments to investors.
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That and a cut in its share repurchase program will reduce 2020 cash uses of $2.2 billion.
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Executives said the company would repurchase shares of its stock if the proposed $44 billion fell apart.
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"Hence, in addition to potential business development deals, we believe the company could more aggressively repurchase shares."
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The company announced the plan as it is about to complete a $210 billion stock repurchase program.
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Interest rates in the $2.2 trillion market for repurchase agreements rose as high as 10% on Sept.
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The new buyback comes on top of an existing plan to repurchase $210 billion worth of shares.
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A repo, short for repurchase agreement, is an exchange of collateral, such as Treasury securities, for cash.
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The People's Bank of China also lowered interest rates on reverse repurchase agreements earlier in the month.
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The Canadian miner also said it would repurchase 20 million of its common shares over two years.
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Anadarko Petroleum (APC) says that its board had authorized a $2.5 billion share repurchase program through 2018.
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The overnight rate in the repurchase agreement (repo) market jumped to 4.10% from 2.29% late on Friday.
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In line with the terms of the transaction Ingram will suspend its dividend and share repurchase program.
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The company also raised its full-year forecast and added $363 billion to its share repurchase program.
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The company said on Tuesday it completed a repurchase program having reached the maximum number of shares.
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That means if you already have cryptocurrencies, "You have to sell it and repurchase it," Pottichen said.
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And it requires for the first time that direct selling companies repurchase unsold inventory from their distributors.
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And Apple, which has been buying back shares like crazy, just launched another $100 billion repurchase program.
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In November 0003, ALSN's board of directors authorized the company to repurchase up to $1 billion in shares through year-end 2019, and in February 2017, ALSN repurchased the entire stake in the company held by ValueAct Capital for $363 million as part of the $1 billion repurchase authorization.
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REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS * CORPORATE CAPITAL TRUST INC - QTRLY NET INVESTMENT INCOME OF $0.38 PER SHARE * CORPORATE CAPITAL TRUST INC - QTRLY NET ASSET VALUE OF $19.55 PER SHARE, COMPARED TO $20.01 PER SHARE AS OF SEPTEMBER 30, 2017 * CORPORATE CAPITAL TRUST - IN FEB, BOARD AUTHORIZED STOCK REPURCHASE PROGRAM * CORPORATE CAPITAL TRUST INC - UNDER REPURCHASE PROGRAM, CCT MAY REPURCHASE UP TO $50 MILLION IN AGGREGATE OF ITS OUTSTANDING COMMON STOCK IN OPEN MARKET Source text for Eikon: Further company coverage:
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Volumes are also rising in more specialised markets such as junk debt, emerging markets, repurchase agreements and swaps.
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BI cut the 7-day reverse repurchase rate to 4.50 percent and lowered two other main policy rates.
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Fitch believes Discovery's credit profile has sufficient flexibility to accommodate continued share repurchase activity at the current ratings.
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The company also announced Monday it had initiated a share repurchase program for up to 5 million shares.
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The Bank of Thailand followed suit, cutting its one-day repurchase rate by 25 basis points to 1.5%.
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Meanwhile, dealers who have been stuck with Treasuries in have sought financing in the $5 trillion repurchase agreement.
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China's top e-commerce firm also announced a two-year share repurchase program of up to $13 billion.
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Announces common stock repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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BUFFETT SAYS WE WANT TO BE SURE WHEN WE REPURCHASE SHARES THAT MOST SHAREHOLDERS WOULD BE BETTER OFF
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The increase in GM's 2017 EPS will in part reflect the impact of the increased share repurchase program.
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On Friday, it announced that the company's board of directors has authorized a $25 billion share repurchase program.
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He also said that he planned to announce fourth-quarter results early to allow Sotheby's to repurchase shares.
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Moreover, the repurchase plan shows that Sony's balance sheet is stronger than it has been in recent years.
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The oil major also said it's increasing share repurchase rate by 25 percent to $5 billion per year.
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Last month it announced plans to extend its profit-sharing scheme to foreign-exchange derivatives and repurchase agreements.
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The receipts were part of a repurchase agreement, arranged by Marex, between Natixis and a Hong Kong firm.
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And like Kate, people continue to repurchase the Longchamp tote bag when their old ones get worn out.
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Volumes are also rising in more specialized markets such as junk debt, emerging markets, repurchase agreements and swaps.
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O announced a $100-billion buyback on May 1, the largest share repurchase ever by a U.S. company.
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In addition, it announced a $2 billion accelerated share repurchase program to be funded with debt and cash.
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The company said it would begin a $1 billion accelerated share repurchase program after the bell on Wednesday.
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Conagra Foods on Tuesday said its board of directors has approved a conditional $1.25 billion stock repurchase plan.
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The central bank will shift to the new benchmark, the 5.63-day reverse repurchase rate, on Aug. 19.
|
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A stated plan to repurchase the CoCos would mean they no longer qualify as additional Tier 1 capital.
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"With the stock trading where it's at, we wanted to get going on the share repurchase," Breen said.
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Home Depot slipped 1.5 percent, following the home improvement chain's announcement of a $15 billion share repurchase plan.
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Under the bill, corporations would no longer be able to repurchase their own shares on the open market.
|
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On Thursday, Noble announced the repurchase of portions of two bonds in a move to trim its debt.
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The chipmaker's new repurchase program goes into effect immediately and will last until the end of fiscal 2019.
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From there, the firm ranked them based on cash/repurchase ratio, return on invested capital, and ROIC change.
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"When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said.
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That's because a company announcing a repurchase program usually sees its stock price pop in the short term.
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Bank Indonesia (BI) held its seven-day reverse repurchase rate at 4.25 percent for the fifth policy meeting.
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SOFR is based on the overnight Treasury repurchase agreement market, which trades around $800 billion in volume daily.
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But companies are expected to keep using their cash to repurchase their stock, keeping demand for equities high.
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The iPhone maker on Tuesday announced that it would repurchase an additional $75 billion of its own shares.
|
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In December, the company's board authorized the repurchase of $15 billion in outstanding stock with no expiration date.
|
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Southwest said it expected to buy back $250 million in shares as part of an accelerated repurchase program.
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The Monetary Board raised the rate on its overnight reverse repurchase facility by 22018 bps to 26.5 percent.
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Thursday's news comes just days after Lowe's board approved a stock repurchase program of up to $5 billion.
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In addition to the outright purchases, the central bank is conducting daily repurchase operations to stabilize the market.
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With the passage of a little time, we may own 6 or 7 percent because they repurchase shares.
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The problem is that the bill's definition of a "bona fide inventory repurchase program" allows for serious mischief.
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It raised its repurchase range to $7 billion to $8 billion, up from $6 billion to $8 billion.
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Brent Saunders, Allergan's chairman and chief executive, used the pick-me-up to shrink debt and repurchase shares.
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The new program will replace Nordstrom's existing repurchase plan, which had $327 million outstanding as of Aug. 4.
|
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The bank's stock also benefited from the Fed approving stock repurchase programs for all the major U.S. banks.
|
|
The news comes just days after Lowe's board approved a stock repurchase program of up to $5 billion.
|
|
The Fed announced a total of 10 longer-term operations in the market for repurchase agreements, or repo.
|
|
In addition, the Open Market Desk will continue to offer large-scale overnight and term repurchase agreement operations.
|
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The bank said last week at its quarterly meeting it would expand the scope of repurchase facility operations.
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The repurchase plan also shows that Sony's balance sheet is stronger than it has been in recent years.
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ANNOUNCES THE CANCELLATION OF THE DIVIDEND, AN UPDATE TO THE SHARE REPURCHASE PROGRAM AND A REVIEW OF ALTERNATIVES FOR CERTAIN NON-CORE ASSETS * FRED'S INC - IN CONNECTION WITH CANCELLATION OF DIVIDEND BOARD HAS AMENDED COMPANY'S PREVIOUSLY DISCLOSED 2012 STOCK REPURCHASE PROGRAM * FRED'S INC - CANCELED QUARTERLY CASH DIVIDEND IN ORDER TO RETAIN FREE CASH FLOW FOR DEBT REDUCTIONS, SHARE REPURCHASES & GENERAL CORPORATE PURPOSES * FRED'S INC - AMENDED STOCK REPURCHASE PROGRAM WILL ALLOW FOR REPURCHASE OF UP TO 3.8 MILLION SHARES OF COMPANY'S OUTSTANDING CLASS A VOTING COMMON STOCK * FRED'S - CONSIDERING STRATEGIC ALTERNATIVES FOR SOME NON-CORE ASSETS, INCLUDING REAL ESTATE, SPECIALTY PHARMACY BUSINESS * FRED'S INC - DECISION TO EXPLORE STRATEGIC ALTERNATIVES IS NOT IN RESPONSE TO ANY THIRD PARTY PROPOSAL * FRED'S - AMENDED REPURCHASE PROGRAM VALID FOR UP TO 2 YRS, CO TO FINANCE REPURCHASES WITH CASH, FUNDS DRAWN FROM CREDIT AGREEMENT DATED APRIL 9, 2015 Source text for Eikon: Further company coverage:
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ANNOUNCES ADDITIONAL $300 MILLION STOCK REPURCHASE PROGRAM * COLONY NORTHSTAR INC - BOARD AUTHORIZED REPURCHASE OF UP TO AN ADDITIONAL $300 MILLION OF OUTSTANDING CLASS A COMMON STOCK * COLONY NORTHSTAR INC - NEW AUTHORIZATION WILL EXPIRE IN 12 MONTHS, UNLESS OTHERWISE EXTENDED BY COMPANY'S BOARD OF DIRECTORS Source text for Eikon: Further company coverage:
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A last-ditch effort to make these companies repurchase shares will only yield results in 2016/17, said Kumar.
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The online retailer also raised its full-year sales forecast, and authorized an additional $2.5 billion stock repurchase program.
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SoftBank Announces Stock Buyback of About $4.4 Billion | It would be the biggest share repurchase the company has made.
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On Thursday, the ECB announced that it plans to continue this repurchase program for an extended period of time.
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Apple also appeased investors by announcing plans to repurchase another $75 billion worth of shares and increasing its dividend.
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Companies such as Apple, Cisco, Pepsi, Wells Fargo, and Harley-Davidson have announced major stock repurchase plans this year.
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It will also increase its share repurchase program to $20 billion, up from its original plan of $18 billion.
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A separate committee of global regulators has already identified swings in the repurchase agreements, or repo, market, Coen said.
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And a robust balance sheet means it plans to repurchase another $100 billion in shares and increase the dividend.
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On Friday, Japan's $55-billion electronics giant said it would repurchase 100 billion yen ($911 million) worth of stock.
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The repurchase program was authorized by the company's general meeting of shareholders and approved by the Board of Directors.
|
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The financing will be in the form of participation in private equity funds and the repurchase of bond issues.
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Following is a table with the debt securities that Petrobras seeks to either swap or repurchase through the week.
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Citigroup boosted its dividend to 51 cents a share from 45 cents and can repurchase $21.5 billion in stock.
|
|
Linde may start the program earlier if its existing $1 billion share repurchase program is concluded ahead of schedule.
|
|
SOFR is based on transactions in the Treasury repurchase market, where banks and investors borrow or loan Treasuries overnight.
|
|
The company said it bought back 2.9 million shares worth $323 million as part of its share repurchase programme.
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The repurchase authorization does not have a fixed expiration and may be modified, suspended or discontinued at any time.
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|
Nevertheless, the firms, on average, used the tax break to repurchase shares or pay dividends — not to increase investment.
|
|
Check Point said it bought back 2.8 million shares worth $325 million as part of its share repurchase programme.
|
|
The Basel-based company will also repurchase up to $5 billion in shares through the end of next year.
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|
I signed a two-year lease with them with the option to repurchase the house within that two years.
|
|
SOFR is based on the pricing of rates in the Treasury repurchase market and was first published last year.
|
|
The company's current $600 million share repurchase authorization has $160 million remaining on it, which approximates the acquisition price.
|
|
Repurchase offer on bonds due in 2021 and 2023 ends (1003 GMT) Ordinary and extraordinary shareholders' meetings (0815 GMT).
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The company did not repurchase any shares during 2009 and 2010, which allowed for $1.3 billion of debt reduction.
|
|
Cogeco plans to use a large portion of the proceeds to repay debt and repurchase certain subordinate voting shares.
|
|
While still in turnaround, the company reported stronger first-quarter results today and has announced more stock repurchase programs.
|
|
The company said it was increasing the amount of money authorized to repurchase shares by an additional $9 billion.
|
|
It will be more difficult for AET and ANTM to meet de-leveraging rating sensitivities given share repurchase activity.
|
|
Wal-Mart also unveiled a $2000 billion share repurchase program to replace its existing plan, announced in October 21.
|
|
The central bank raised the interest rate on open market operation reverse repurchase agreements (repos) by 10 basis points.
|
|
Treasury offers to repurchase following five bonds: 3.50 percent BTP bond due June 1, 2018; CCTEU bonds due Nov.
|
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Bank Indonesia (BI) raised the 7-day reverse repurchase rate IDCBRR=ECI by 25 basis points to 4.50 percent.
|
|
The moves came as the People's Bank of China set its seven-day reverse repurchase (repo) rate at 2.5%.
|
|
The computer and printer maker had approximately $1.2 billion remaining in its prior repurchase authorization as of April 30.
|
|
The company's share repurchase commitment will require incremental debt of $250 million in each of the next three years.
|
|
The bank's board also authorized a $12 billion repurchase in common stock from July 1 through June 30, 2018.
|
|
Check Point said it bought back 2.7 million shares worth $305 million as part of its share repurchase programme.
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|
Specifically, the central bank announced that it would offer $217 billion in a three-month repurchase operation Thursday afternoon.
|
|
Thursday's repurchase operations ranged from 39 days to 182 days, with A$7.4 billion going at the longest maturity.
|
|
The central bank sold $210 billion in a repurchase auction on Friday, which helped stabilize the market, analysts said.
|
|
Twitter said it would use its own cash and Silver Lake's investment to fund a $2 billion repurchase program.
|
|
Twitter said said it would use the Silver Lake investment to help fund a $2 billion share repurchase program.
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|
The New York Fed on Friday morning accepted a total of $53 billion in bids in repurchase agreement operations.
|
|
Share buybacks are a common practice where companies repurchase their own shares as a way to return excess capital.
|
|
There were also increased activities in repurchase agreements denominated in both dollar and euro last month, NEX data showed.
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During this period, there were widespread difficulties with repurchase financing that had lubricated securities markets and funded investment firms.
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Icahn said Cigna should instead repurchase its shares and pursue partnership with existing pharmacy benefit managers, including Express Scripts.
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The overnight repurchase agreement (repo) rate was last 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation.
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But the trouble is if you establish the dividend, you're not going to eliminate the dividend to repurchase shares.
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The Toronto-listed miner also said it plans to repurchase 20 million of its common shares over two years.
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It did just that throughout 2019 by restocking its balance sheet and intervening in the market for repurchase agreements.
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The Fed has calmed the short-term lending market with the purchases and also ongoing repurchase, or repo, operations.
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Corporations are free to use the cash to repurchase their stock, on dividends, or even on increased executive pay.
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Rates in the repurchase market, which banks and hedge funds use for short-term loans, spiked in mid-September.
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All are based on repurchase agreements backed by US Treasuries - and the Roundtable found fault with each of them.
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Share buybacks are a common practice where companies repurchase their own stock as a way to return excess capital.
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In an reverse repurchase agreement, the Fed borrows the reserves of qualified nonbanks and pledges Treasury securities as collateral.
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Shares in Russian internet company Yandex were up nearly 5% on Monday after its share repurchase program was approved.
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Verizon Communications Inc: * VERIZON - HAS DELIVERED A NOTICE OF REPURCHASE WITH RESPECT TO ITS FLOATING RATE NOTES DUE FEBRUARY 21, 2025 * VERIZON - DELIVERED REPURCHASE NOTICE FOR FLOATING RATE NOTES DUE FEB 21, 2025; $2.5 BILLION OF NOTES EXPECTED TO BE REPURCHASED ON OR BEFORE JUNE 11 Source text for Eikon: Further company coverage:
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REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS * Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.03 * BOARD HAS APPROVED STOCK REPURCHASE PROGRAM AUTHORIZING CO TO REPURCHASE UP TO 1 MILLION SHARES * RECORDED A "NON-CASH EXPENSE" OF $11.4 MILLION IN QUARTER DUE TO TAX REFORM Source text for Eikon: Further company coverage:
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Ally Financial is looking to repurchase up to $700 million in common stock and to declare an 8 cent dividend.
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In addition to the repurchase plan, Activision increased 2017's cash dividend to 30 cents per share from 26 cents.
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The retailer meanwhile hiked its dividend 20173 percent to 89 cents per share, and announced a $15 billion repurchase program.
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It will also repurchase an additional C$91 million of mortgages "inadvertently" sold to the firm in the same quarter.
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Regulators argued that a deal would hinder competition by creating a de facto monopoly in bond-clearing and repurchase agreements.
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The October data also showed Qatar's central bank continuing to increase its lending to local banks through securities repurchase agreements.
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Uruguay also offered to repurchase bonds from 2022, 2024, 2025 and 2023, according to a filing with the U.S. Securities.
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The company initiated a share buyback program in 1Q16 to repurchase up to $100 million in stock over three years.
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Sun Life also announced plans to repurchase up to 11.5 million shares, representing about 1.9 percent of its outstanding shares.
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Cheesecake Factory did announce a 20 percent dividend increase to 24 cents per share and expanded its share repurchase authorization.
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Financial analysts at Barclays say tech stocks could benefit from increased stock repurchase programs as well as some reinvestment incentives.
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The company reported a loss of $40.7 million attributable to common shareholders due to the repurchase of convertible preferred stock.
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Lawmakers on both sides are bashing buybacks and want to make it harder for companies to repurchase their own stock.
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Separately, BlackRock said it would buyback about 3.1 million of its shares at $412.84 apiece under its existing repurchase program.
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The company's increased share repurchase commitment will require incremental debt of $250 million in each of the next three years.
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The tech giant also announced a $7 billion stock buyback, only the second time Google has authorized a stock repurchase.
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The 7-day reverse repurchase rate was kept at 6.00%, as predicted by all 20 analysts in a Reuters poll.
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Terex has already repurchased $700 million worth of shares and has authorized the repurchase of up to another $225 million.
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The current Heta bond repurchase offer, which runs until March 11, is opposed by many creditors, who want full repayment.
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The PBOC had increased cash injections in June and ramped up repurchase agreements in August as stocks continued to slide.
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HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75 million in stock.
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Starting next month, Bank Indonesia (BI) will switch to the 7-day reverse repurchase rate IDCBRR=ECI as its benchmark.
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The company's share buyback plan is in addition to the $4.5 billion remaining as part of its previous repurchase program.
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Shares of Home Depot lost about 2 percent after the home improvement chain announced a $15 billion share repurchase plan.
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Increases share repurchase program to $25 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-646-8780)
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On its share buy-back, the insurer has already spent 5 billion yuan to repurchase its Shanghai-listed A-shares.
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The company also said on Wednesday that it has raised its stock repurchase program to $70 million from $15 million.
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Apple alone has already announced $100 billion in share repurchases on top of its previously announced $210 billion repurchase program.
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The iconic apparel company announced a $1 billion stock repurchase program and an increase in its dividend of 25 percent.
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As part of the deal, Ingram Micro will suspend its quarterly dividend payment and its share repurchase program, it said.
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The company also said it was on track to complete its current $40 billion stock repurchase program by Dec. 31.
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IBM said it planned to suspend its share repurchase program in 2020 and 2021 to help pay for the deal.
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Big banks like JPMorgan and Citigroup announced their largest ever stock repurchase program of $19.4 billion and $15.6 billion respectively.
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The $5 billion annual repurchase program was halted after $1.75 billion of shares were bought back during the first quarter.
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The $5 billion annual repurchase program was halted after $1.75 billion of shares were bought back during the first quarter.
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There may be instances where a repurchase of outstanding shares, even on the open market, serves the interests of shareholders.
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The overnight repurchase agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation.
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He was referring to the central bank's recent intervention in money markets by offering daily repurchase agreement - or repo - operations.
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Investors understand the Fed's predicament and rationally expect the Fed to backtrack and repurchase securities if the market sells off.
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The New York Fed announced a total of 10 longer-term operations in the market for repurchase agreements, or repos.
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American Express shares gained 1.2% after it authorized the repurchase of up to 120 million shares and a dividend increase.
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LCH, part of the LSE, dominates clearing in euro-denominated instruments such as debt repurchase agreements and interest rate swaps.
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Hope rests on the central bank, which has shaved 10 basis points off the interest rate on reverse repurchase agreements.
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Update on the share repurchase program The share repurchase and cancellation program, announced in November 2015, for an amount of 300 million euro, was completed in the third quarter Fiscal 2016, with the cancellation of 3,390,886 shares corresponding to a value of 300 million euro, approved at the Board Meeting of June 14, 1576333.
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The online retailer also raised its sales forecast for the full year, and authorized an additional $2.5 billion stock repurchase program.
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Shares of Continental Resources jumped nearly 3.5% after the petroleum and natural gas company announced a $1 billion share-repurchase program.
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The credit card issuer also announced a $5 billion share repurchase program, as well as a new strategic partnership with PayPal.
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Debt incurrence to fund share repurchase activity is incorporated into the ratings up to Fitch's leverage threshold for Discovery's 'BBB-' rating.
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So while companies may haggling over the timing, the decision to repurchase will have to be made at some point soon.
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Visa said it would repurchase $7.5 billion of its stock and it has $9.1 billion of funds available for share buybacks.
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However U.S. exchange CME moved trading in European government bonds and euro repurchase agreements from London to Amsterdam on March 18.
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However, capital remained flat over the last year, since management scaled back share repurchase activity to facilitate the aforementioned loan growth.
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Northrop Grumman (NOC) announced a new $3 billion share repurchase authorization, increasing the defense contractor's total buyback authorization to $4.1 billion.
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That included $64.9 billion of overnight repurchase agreements as well as a $35 billion operation that doesn't expire until November 5.
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The company's aggressive repurchase plan means that Yahoo now has 946.8 million shares outstanding, down from 1.34 billion eight years ago.
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In December 2015, CenturyLink completed a $1 billion common stock repurchase program under a 24-month program authorized in May 2014.
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Schmolz + Bickenbach said it had launched offer to repurchase Senior Secured Notes following a change of control event ABB LTD ABBN.
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Eastman Chemical CEO Mark Costa sold $5.4 million worth of shares two days after the company announced a $2 billion repurchase.
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The company has been authorized to repurchase up to $1 billion worth of shares, and up to 10 million shares total.
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Measures aimed at spurring good practice among consumers, including subsidies or battery repurchase pacts, should also be adopted, the notice said.
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It also does the opposite for a "reverse" repurchase agreement, buying up those contracts, so banks have more cash on hand.
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The repurchase will be funded with a revolver, which MGM will repay with the cash proceeds from the National Harbor sale.
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The bank can also repurchase up to $29.4 billion in stock under a new program, compared to $20.7 billion last year.
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The bank also can repurchase up to $303 billion in stock under a new program, compared to $230 billion last year.
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Their gains come after they passed the Fed's annual stress test and got approval to boost dividends and share repurchase programs.
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DRIVING DIVIDEND General Motors stock rose 0.3 percent after the automaker raised its dividend and added to its stock repurchase program.
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In December, Arrow announced it received board approval for a $400 million share repurchase program, increasing total availability to $520 million.
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I rarely repurchase products (there's just so much to try!), but this time I go back to Urban Decay Naked Skin.
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Further, he argued that a potential purchaser had acquired an option to repurchase the shares at more than twice the price.
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DUBAI, Oct 11 (Reuters) - State-owned Dubai Aerospace said on Thursday its board had approved a $300 million bond repurchase program.
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The 7-day reverse repurchase rate was held at 6.00 percent, as expected by all 23 analysts in a Reuters poll.
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It later gave Singer's shop three board seats, sold its gas stations and used the proceeds to repurchase yet more shares.
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If VW were required to repurchase all of the larger, more expensive 3.0-liter vehicles, its costs could increase by billions.
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Some of the financing secured was used to repurchase bonds maturing in the next two years worth $1.742 billion, it said.
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Suminoe Textile co rose 6.1 percent after the company said it will repurchase 500,000 shares, or 6.6 percent of outstanding stock.
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The Detroit City Council last month approved a plan to tap up to $55 million in surplus cash to repurchase bonds.
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Shares of Home Depot lost more than 2 percent after the home improvement chain announced a $15 billion share repurchase plan.
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On Tuesday, dealers were paying an interest rate of 2.46% in the repurchase agreement (repo) market to fund their Treasury holdings.
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Boeing Co gained for the first time in four days, rising 2.6 percent after increasing its dividend and share repurchase program.
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AutoNation has also long been aggressive in share buybacks, so investors will look for an update on its share repurchase program.
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The authorization of the repurchase program is effective immediately and until the end of Broadcom's 2019 fiscal year on Nov. 3.
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The PBOC also injected a net 30 billion yuan into money markets on Thursday through seven-day reverse bond repurchase agreements.
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The company's board has already authorized the repurchase of up to an additional $2 billion of the company's outstanding common stock.
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If some companies have to pare their repurchase spending, then buybacks will become even more concentrated among just a few companies.
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NOTIFIES HOLDERS OF ITS 3.25% CONVERTIBLE SENIOR NOTES DUE 2032 OF THEIR REPURCHASE OPTION Source text for Eikon: Further company coverage:
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The software company on Monday announced an $8 billion stock repurchase program, which extends a previous $2.5 billion program through 2021.
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The conditional repurchase of the Class A1 notes of Paragon 10, Paragon 11 and Paragon 13 triggered a remarketing termination event.
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GM completed a $5 billion share repurchase authorization in 2016 and will finish a second authorization of $4 billion this year.
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The real goal is short selling, allowing users to borrow tokens, sell high and then repurchase them when the price falls.
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The company said it had authorized a new four-year $15 billion program to repurchase shares of Class B Common stock.
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Authorities also more than doubled the amount offered during two-week term repurchase, or "repo," agreements to at least $45 billion.
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The Fed's action was taken with an eye toward stabilizing the market for repurchase agreements, or the "repo" market for short.
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Lei added that Xiaomi's current financial resources will enable it to implement the share repurchase while maintaining a solid financial position.
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Management has also used cheap debt to repurchase shares rather than invest in new plant and equipment, as the Fed intended.
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The Fed has been injecting billions of dollars of cash into the market for repurchase agreements, or repo, since the disruption.
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As part of the windfall, the carrier is expanding its share repurchase program to $500 million from $250 million through 2019.
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The buybacks reflect the share repurchase announcements made by companies since Trump signed the tax bill into law on Dec. 22.
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Paccar – Paccar announced a $300 million share repurchase program, following the recent completion of the truck maker's previous $300 million buyback.
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Revenue beat forecasts, and Morgan Stanley also raised its dividend 25 percent and added $7.13 billion to its share repurchase program.
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And after previously announcing it would suspend share repurchases, it announced Thursday that it was formally ending its share repurchase program.
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The Bangko Sentral ng Pilipinas (BSP) reduced the rate on its overnight reverse repurchase facility by 22019 basis points to 25.5%.
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The UK listed miner, Glencore, moved higher too after announcing plans to repurchase a further $1 billion of its own shares.
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On Wednesday, the PBOC injected a total of 200 billion yuan ($28.41 billion) into money markets through reverse bond repurchase agreements.
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The company reported earnings in June that topped analysts' expectations and announced a new, four-year $15 billion share repurchase program.
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So far this year, companies have announced plans to repurchase a total of more than $190 billion of their own shares.
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Also propelling Apple higher in recent months was Apple's announcement that it earmarked $2200 billion for a new share repurchase program.
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"Currently it is intended to propose to the shareholders at the upcoming General Assembly scheduled on May 23, 2019 to use the 13,399,000 bearer shares and the 7,125,500 registered shares of the said share repurchase program, as well as the 505,000 bearer shares of the share repurchase program 2008, for a reduction of capital," it said in a statement.
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DURING THIS PERIOD NO REGISTERED SHARES WERE REPURCHASED VIA A SECOND TRADING LINE * DECIDED TO LAUNCH A NEW SHARE REPURCHASE PROGRAM IMMEDIATELY AFTER THE CONCLUSION OF THIS BUYBACK PROGRAM * AUTHORIZED TO REPURCHASE UP TO 10% OF ITS SHARES (5 540 000 SHARES) OVER A PERIOD OF 36 MONTHS Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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SunTrust will increase its dividend to 26 cents a share from 24 cents a share and will repurchase $960 million in stock.
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There are no major debt amortizations for the next three years after the repurchase of the majority of its senior unsecured notes.
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The shares are currently held by company stockholders, with the arts and crafts retailer intending to repurchase eight million of those shares.
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The company's leverage target of between 2.5x and 9083x, along with its $5 billion share repurchase program highlight its capital allocation policy.
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Given CCAR results, JPM's board authorized a $19.4 billion common equity repurchase program and increased the dividend 12% to $0.56 per share.
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While the repurchase authority has increased meaningfully, Fitch believes the firm's capital plans are prudent given the earnings capacity of the bank.
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Occidental said it has suspended its share repurchase program due to the Anadarko bid, and will instead focus on paying down debt.
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Lululemon also said its board of directors have approved a stock repurchase program for up to $100 million of its common shares.
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Revenue was slightly below forecasts, and Best Buy also announced a 25 percent dividend hike and a $215 billion share repurchase program.
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The company repurchased $551 million of stock under its share repurchase program and paid $306 million in dividends in the fourth quarter.
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Either an early repayment or a repurchase would entail heavy losses to both the state-owned bank and Molina, the report said.
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The payments company authorized a $2 billion stock repurchase program and reported revenue and earnings that exceeded the company's full year guidance.
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"Whether we have $100 billion or $200 billion wouldn't make a difference in our approach of repurchase of shares," Buffett said Saturday.
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Dave & Buster's, which owns and operates entertainment and dining venues, also announced the repurchase of up to $100 million in common stock.
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But years of heavy spending led to investor pressure to reduce spending and use the cash to pay dividends and repurchase shares.
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The Financial Times also reported that Buffett said, without providing any time frame, that the conglomerate could repurchase $100 billion in shares.
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Experian looks to buyback another $400 million of shares, the company said, after it completed its earlier $566 million share repurchase programme.
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Alphabet said its board of directors approved a repurchase of up to an additional $25 billion of its Class C capital stock.
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Short sellers borrow a stock with the expectation that its price will fall and the investor can repurchase it at a profit.
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The company also repurchased $550 million in stock under its share- repurchase program and paid $309 million in dividends in the quarter.
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Under the repurchase program, Linde plans to acquire up to 15 percent of its outstanding shares between May 1, 2019, and Feb.
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Anadarko added a further $500 million to its $2.5 billion-share buyback program, while Noble Energy authorized a repurchase of $750 million.
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The AIG board of directors also authorized the repurchase of additional shares with an aggregate purchase price of up to $3 billion.
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When a stock buyback occurs, a company chooses to use its excess cash to repurchase a predeteremined amount of its own stock.
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A word of caution: The wash-sale rules apply even if the repurchase is in a different account for the same taxpayer.
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In the filing, Chipotle said its board authorized a $300 million stock repurchase, its second for that amount since in early December.
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Those investors identify stocks that they expect to fall, borrow the shares and sell them to repurchase later when the price drops.
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Home Depot also announced a dividend increase of 284.3 percent, to $214 a share, and a new $15 billion share repurchase program.
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Dick's Sporting Goods — The sporting goods retailer announced a $1 billion share repurchase program, to take place over the next five years.
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VW has offered to buy back 20,000 of those vehicles, but could have to repurchase others if regulators do not approve fixes.
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Since 2013, the central bank has only sold dollars in the spot market linked to repurchase agreements, which were essentially dollar loans.
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Excess cash flow, including proceeds from debt issuance, is expected to be used to support the company's dividend and share repurchase program.
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The central bank left the rate on its overnight reverse repurchase facility steady at 4.75 percent at its last two policy meetings.
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Disney expects to repurchase between $213.51 billion and $13.51.52 billion worth of shares in fiscal 2017, Chief Financial Officer Christine McCarthy said.
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A big part of that is the fact that companies repurchase a huge amount of shares," Ackman said on CNBC's "Squawk Box.
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The central bank will also provide short-term cash to financial institutions through reverse bond repurchase agreements in its open market operations.
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The company also said it would buy back an additional $1 billion in shares, taking its repurchase authorization to about $1.38 billion.
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CN also announced a new share repurchase program and declared a fourth-quarter 21.3351 dividend of thirty-seven-and-one-half cents.
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The People's Bank of China had increased cash injections in June and accelerated repurchase agreements in August as stocks continued to slide.
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JPMorgan Chase said it would buy back another $1.88 billion in stock, and Bank of America announced an $800 million stock repurchase.
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The current stock market tumult should ease once companies accelerate the repurchase of their own shares, according to a Deutsche Bank analysis.
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Several shareholders would like to see GM sell the stake and use the proceeds to repurchase shares or pay a special dividend.
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That and a $2 billion share repurchase plan meant there was no need for investors to gamble on an offer by Mylan.
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Wells Fargo shelled out $215 billion to repurchase its stock in the third quarter, nearly triple what it spent the year before.
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Companies are on track to repurchase more than $770 billion in their own stock this year, according to research from Goldman Sachs.
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Eager to repurchase his ride, Bill enters the store and meets an unnamed shopkeeper, a role written for and portrayed by King.
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The overnight repurchase agreement (repo) rate was last quoted at 1.90%-2.00%, compared with 1.75% late on Thursday, according to Refinitiv data.
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These 14-day term repurchase agreements (repo) were on top of the $75 billion in temporary cash through an overnight repo operation.
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Anadarko Petroleum Corporation shares rose more than 4 percent after hours following the company's authorization of a $2.5 billion share-repurchase program.
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Earlier this month the central bank lowered its one-day repurchase rates to 1.25%, the lowest level since the global financial crisis.
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FOR ANYONE who lived through the global financial crisis, trouble in the market for repurchase agreements, or repos, induces a cold sweat.
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The New York Federal Reserve on Tuesday awarded $75.0 billion in bids from primary dealers at an overnight repurchase agreement (repo) operation.
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Coca-Cola (KO) announced plans on Thursday to repurchase another 150 million shares — worth about $13 billion at the current stock price.
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The company recorded a $736 million benefit from income taxes, and said its board had authorized a $1 billion share repurchase program.
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It also announced plans to increase its dividend by 25 percent and to repurchase at least $23 billion in stock in 2018.
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Japan's $55-billion electronics giant said on Friday that it would repurchase 100 billion yen, or about $911 million, worth of stock.
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PNC Financial Services increased its dividend by 4 cents, to 55 cents a share, and announced a share repurchase program of $2 billion.
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BNY Mellon will repurchase $21.95 billion in common stock and raised its dividend to 230 cents a share from 303 cents a share.
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Capital One said in a statement it expects to maintain a 40 cent dividend and said it will repurchase $2.5 billion in stock.
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Celgene shares were slightly higher Wednesday after the company authorized a repurchase of up to an additional $3 billion of its common stock.
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Lower rates also makes it cheaper for companies to borrow money to expand their business or increase their share repurchase programs, boosting stocks.
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The hedge fund is pushing SoftBank to repurchase between $10 billion and $20 billion in stock as well as improve its governance practices.
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Boeing is pulling its 267 guidance and suspending its share repurchase program due to uncertainty surrounding the grounding of its 22023 MAX aircraft.
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Earlier this week, the NY Fed announced it increased the size of its overnight repurchase agreement (repo) operations to at least $120 billion.
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MetLife — The insurance company announced a new $3 billion share repurchase program, marking a return to buybacks after a suspension earlier this year.
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The PBOC injected 170 billion yuan ($25.86 billion) into the money markets through seven-day reverse bond repurchase agreements on Friday, traders said.
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BWX Technologies — The firm announced an accelerated share repurchase program worth $200 million which will be funded through cash on hand and credit.
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Bank of America increased its dividend to 18 cents a share from 23 cents and can repurchase up to $30.9 billion in stock.
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Bank of America increased its dividend to 240 cents a share from 15 cents and can repurchase up to $30.9 billion in stock.
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Such a repurchase agreement, or a repo, effectively acts as a loan but the deal involves temporarily transferring legal ownership of the shares.
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The company, which also announced a share repurchase program, said comparable store sales rose 33 percent in the fourth quarter ended Jan. 28.
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The company's board authorized a new $500 million share repurchase program in February 2017 after its prior program expired at 2016 year-end.
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Berkshire ended June with $122.4 billion of cash and equivalents, though it spent $2.1 billion in the quarter to repurchase its own stock.
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Jim Cramer has found that when CEOs repurchase shares of their own company, it's usually because they think the stock is headed up.
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BI held its seven-day reverse repurchase rate at 2750 percent, where it has been since a 23.18 basis point cut in September.
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Cisco's board approved a $15 billion increase in the company stock buyback program, bringing the total amount it can repurchase to $24 billion.
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As of June 0003, 2017, the company had $1.1 billion remaining on its $1.2 billion share repurchase program in effect through December 2019.
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QUITO (Reuters) - Ecuador's government said on Friday it had received $500 million from a repurchase agreement with Wall Street bank Goldman Sachs (GS.
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SOFR is derived from daily trades in the repurchase agreement market where traders use their Treasuries holdings as collateral to obtain overnight cash.
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Bank of America on Friday said its board of directors has authorized increasing its common stock repurchase plan by up to $800 million.
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Big Lots also raised its quarterly dividend by 220 percent to 21 cents per share, and announced a $250 million share repurchase program.
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Short sellers borrow shares and then sell them, hoping to repurchase them at a lower price and then return them to their owner.
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The energy company said the sale will allow the company to reduce its debt to $20 billion and double its share repurchase authorization.
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For example, AbbVie increased its cash dividend by 35% while at the same time committing to a new $10 billion share repurchase program.
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Proceeds will be used for general corporate purposes, including the repayment of outstanding commercial paper at maturity and the repurchase of common stock.
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The Mexico City Airport Trust on Tuesday said it would offer investors a better deal to repurchase bonds issued to finance the project.
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Under the new rules, published on the central bank's website, institutions must sign written deals when conducting bond repurchase or bond forward transactions.
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Fitch assumes Jabil will manage liquidity such that it will be able to partially offset incremental borrowings to fund its upsized repurchase plan.
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In July, Fraga and his partners agreed to repurchase Gávea from JPMorgan Chase & Co, to focus on private equity and hedge fund investments.
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Argentina has also received proposals for $3 billion worth of repurchase deals from banks in recent weeks, Finance Minister Luis Caputo told reporters.
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Vergnano also announced a five-times increase in quarterly dividend and $500 million share repurchase plan, extending through through the end of 2020.
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While Costco spent $2.7 billion to repurchase shares from 2008 through 2015, Target allocated $11.4 billion, reducing its share count by 20 percent.
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Regulators have suppressed techniques abused by speculators, such as short-term borrowings using bond-repurchase agreements and so-called negotiable certificates of deposit.
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The reserves were further supported, economists say, by a $2 billion repurchase transaction that the central bank secured with global banks last month.
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The repurchase requires approval by Alliance's independent shareholders and would be done at a 4.75 percent discount, Alliance Trust said in the statement.
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Southwest also said it intends to buy back $200 million of stock in the second quarter as part of an accelerated repurchase program.
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Cisco already had a repurchase program on the books worth $210 billion and had already bought back about $22 billion over the years.
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The company repurchased $922 million of stock in the last quarter, and has now set out a plan to repurchase $0.483 billion more.
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"Our generation is willing to go to a thrift shop or buy a better quality item, so we don't have to repurchase things."
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Key factors underlying this uncertainty are ANTM's reliance on debt financing to fund acquisitions as well as the company's ongoing share-repurchase efforts.
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It also said it would expand the scope of repurchase facility operations and provide banks with T$200 billion ($6.58 billion) of financing.
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Similarly, last year American Airlines Group (AAL)also spent $1.1 billion to repurchase its stock at an average cost of $32.09 per share.
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The company, formerly known as Wolseley, on Monday announced a $500 million share repurchase after reporting third quarter sales fell short of targets.
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The proceeds from the deal will be used to pay down debt and initiate the share repurchase program of up to $1.5 billion.
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In a statement, Xiaomi chairman Lei Jun said a share repurchase will demonstrate the firm's confidence in its own business outlook and prospects.
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After raising repurchase agreement (repo) operation limits twice since Monday, it announced on Thursday $1.5 trillion in new repo operations for this week.
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"They can bring in their Treasury bills and we can enter repurchase agreements with them all the way to 90 days," he said.
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The People's Bank of China (PBOC) skipped open market operations, it said in a statement on the website, leaving reverse repurchase agreements unchanged.
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In fact, he says the Fed is supporting the market this year by injecting liquidity into the financial system through its repurchase agreements.
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The San Jose-based company used those declines to buy back about 3 percent of its shares, spending $6 billion on the repurchase.
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A large number of such purchases are hedged - such as via currency swaps or bond repurchase agreements - to limit exposure to currency swings.
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NEW YORK (Reuters) - The New York Federal Reserve said on Tuesday it will hold an overnight repurchase agreement operation from 9:30 a.m.
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FactSet said it benefited from increased market share across all its offerings, and also added $300 million to its existing share repurchase program.
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In June, Thomson Reuters announced plans to buy back up to an additional $1 billion of its shares under a new repurchase program.
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Nordstrom – The retailer approved a new $1.5 billion stock repurchase program, replacing a previous program that had a remaining authorization of $327 million.
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Separately, Children's Place increased its quarterly dividend by 25 percent to 50 cents per share and announced a $250 million share repurchase program.
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The semiconductor maker also announced a new $12 billion stock repurchase program, on top of $7.4 billion remaining from a previously authorized program.
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The semiconductor maker also announced a new $22019 billion stock repurchase program, on top of $7.4 billion remaining from a previously authorized program.
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The Fed is injecting billions of dollars of liquidity into overnight lending markets through operations in the market for repurchase agreements, or repo.
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The Fed sets the reverse repurchase agreement rate below the interest on reserves rate to place a "floor" on the federal funds rate.
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A select number of institutions are allowed to make reverse repurchase agreement bids, and the Fed limits an institution's participation to $30 billion.
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The overnight repurchase agreement (repo) rate was last USONRP= quoted at 2.00%-2.08%, compared with 1.95% late on Monday, according to Refinitiv data.
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Yet over the 232 year-plus history of Coke, there were very few times that it wouldn't have been smart to repurchase shares.
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Qualcomm expects to execute on a substantial portion of its authorized $30 billion stock repurchase program by the end of fiscal year 2019.
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The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week.
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HCL Tech's board approved a repurchase of up to 35 million at 1,000 rupees each, the company said in a stock exchange filing.
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The Plymouth, Minnesota-based company also reported fourth-quarter profit that fell less than expected, and announced a $2155 million share repurchase program.
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But with the ringgit trading at 21-year lows against the dollar, "it may not as much make sense to repurchase dollar denominated bonds".
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Prior to last quarter, Apple's largest-ever quarterly repurchase occurred in early 2014, a year after it initiated its first $210 billion buyback program.
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Bank Indonesia's (BI) main policy rate, the 7-day reverse repurchase rate that become its new benchmark since August, was cut to 216 percent.
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The company also set a new $150 million share repurchase program and raised its quarterly dividend to 7 cents per share from 6.5 cents.
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Share repurchases of approximately $30 million annually through FY2019, assuming extension of the share repurchase program set to expire at the end of FY2018.
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The company also expanded its capital return program by $50 billion, of which $35 billion is being set aside for the share repurchase authorization.
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The company also approved a $4 billion stock buyback program that would take effect after its previously announced repurchase program of the same magnitude.
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Boeing said the new repurchase program would replace a $14 billion authorization approved in December 2016, under which the company had repurchased $9.2 billion.
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Bank of America's dividend will climb 20% to $0.18 per share in the third quarter, and its repurchase allowance is just over $30 billion.
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In February 2017, IPG announced an additional $300 million share repurchase authorization, increasing total remaining authorization to $400.4 million as of March 31, 2017.
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WARREN BUFFETT: Well, because they're repurchasing shares, and when they are repurchase shares, our interest goes up and we don't lay out a dime.
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BANK OF CANADA TO BUY BACK UP TO C$500 MLN FROM UP TO NINE OUTSTANDING BONDS IN CASH MANAGEMENT REPURCHASE OPERATION AUG 27
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The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.
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It plans to repurchase at least $22014 billion in the period 2100-3.4423, subject to further progress with debt reduction and oil price conditions.
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FactSet gave a full-year earnings forecast above current consensus, and also announced an increase of $210 million in its existing share repurchase program.
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BANK OF CANADA TO BUY BACK UP TO C$500 MLN FROM UP TO 9 OUTSTANDING BONDS IN CASH MANAGEMENT REPURCHASE OPERATION AUG 6
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The repurchase is viewed by Fitch as neutral within a context of the 'BB' IDR, since pro forma consolidated gross leverage will remain unchanged.
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The board of directors authorized the repurchase program of Class A common stock, which does not have an expiration date, according to the filings.
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The Fed holds $2.4 trillion of Treasuries that it lends out through its reverse repurchase agreement, or repo, facility in exchange for overnight loans.
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Hilton will have the option to repurchase from HNA up to an additional 6.5 million shares of its common stock at the same price.
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Buybacks have been a driving force behind this bull market with companies even issuing debt at low interest rates to repurchase their own stock.
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This is because it turns out that a smooth return process makes customers considerably more likely to repurchase in the days following the calamity.
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In early 2015, Tepper joined a group that was publicly agitating for a board seat to get GM to repurchase some of its shares.
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While it's a good time to take on debt with rates low, companies should not be leveraging up simply to repurchase shares, he said.
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Accordingly, the MPC decided to increase the repurchase rate by 25 basis points to 7,00 per cent per annum, effective from 18 March 2016.
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In order to "keep liquidity basically stable in the banking system", the central bank decided to skip the reverse repurchase agreement operations on Feb.
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The current repurchase program is valid until June 28, and the company can buy the stock on both the Toronto Stock Exchange and Nasdaq.
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TBI refreshed its share buyback program in October 2016 to repurchase shares up to a maximum of IDR1.5 trillion over the next 18 months.
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Guidance for the upcoming quarter was strong and the company also approved a $100 billion share repurchase authorization and a 16 percent dividend increase.
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In February 2016, IPG announced an additional $2908 million share repurchase authorization, increasing total remaining authorization to $20540 million as of March 214, 22016.
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Any measures that would reduce the value of the existing debt, making it cheaper to repurchase, would increase the cost of issuing new debt.
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The Bank of Thailand's (BOT) Monetary Policy Committee voted unanimously to keep the one-day repurchase rate, where it has been since April 2015.
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That means paying a higher price up front, but it saves you the hassle of having to repurchase when your shitty headphones inevitably break.
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Dennis DeBusschere of Evercore ISI says he's identified 10 companies that may have to cut back on their repurchase spending, leaving their stocks vulnerable.
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That lifted repurchase announcements above $22.5 trillion for the first time ever, TrimTabs said, exceeding the prior record of $23.4 billion set in 22017.
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It does this in transactions known as reverse repurchase operations, which involve selling the Treasurys and agreeing to buy them back the next day.
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The company said it bought back $3 million in stock in the fourth quarter, bringing its total stock repurchase for 2018 to $20 million.
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The company said it authorized a new $653 billion share repurchase program, in addition to the $265 billion remaining under an authorization in 231.
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Chubb – Chubb announced a $1 billion share repurchase program, replacing the insurance company's current program set to expire at the end of this month.
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But with the ringgit trading at 22016-year lows against the dollar, "it may not as much make sense to repurchase dollar denominated bonds".
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Group Corp * Says it completed repurchase of 276,200 shares of its common stock, for 454.2 million yen, on May 31 Source text in Japanese:goo.
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A negative action could also be driven by a more aggressive share repurchase program such that leverage remains above 3.25x on an ongoing basis.
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The sale was part of efforts to refinance debt that included the repurchase of nearly $12 billion in securities maturing between 2019 and 2030.
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The United States has a 25 percent cap on daily trading volume by share repurchase programs, but Mexico does not have such strict limits.
|
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Bank Indonesia (BI) on Thursday trimmed the 7-day reverse repurchase rate, its benchmark since last month, by 25 basis points to 5.00 percent.
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|
In August, BI changed its benchmark to the 7-day reverse repurchase rate in a bid to better transmit monetary policy to the market.
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Since the repurchase, Silva undertook a drastic turnaround of WiseUp, focusing on ending years of high delinquencies on student loans and soaring operational costs.
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A new policy allows buybacks to be authorized when Berkshire's Warren Buffett and Charlie Munger feel the repurchase price is below Berkshire's intrinsic value.
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Once the Fed has made its capital review public, the banks typically announce how much stock they intend to repurchase in the coming months.
|
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Under the deal, Silver Lake will invest $1 billion, which the microblogging platform will use to fund a $2 billion repurchase program, Twitter said.
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Silver Lake will invest $1 billion in Twitter which the company said it would use to help fund a $2 billion share repurchase program.
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The new $18 billion stock repurchase plan, along with an earlier $4.5 billion one, would retire 45% of SoftBank's equity, based on current prices.
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However, State Street also said it will suspend a $950 million share repurchase through the end of the year to help finance the transaction.
|
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The PBOC has drained a net 100 billion yuan ($15.01 billion) so far this week through reverse bond repurchase agreements, according to Reuters calculations.
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The cost for banks and Wall Street dealers to borrow dollars in the overnight repurchase agreement market rose as high as 10% on Tuesday.
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Chris Van Hollen (D-Md.), who asked Jackson in December to research the relationship between stock buybacks and corporate insiders' selling after repurchase announcements.
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This is a naked attempt to repurchase political loyalty after an unpopular pension reform in 2018 eroded Putin's popularity and led to massive demonstrations.
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FCC agrees with banks to repurchase 400 million euros in high interest debt with a haircut of 15 percent, Cinco Dias reported on Friday.
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On May 18, 2016, Quest announced that it would use the cash proceeds from the sale of its Focus products business to repurchase shares.
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Gerson said the Fed has a number of options for how it conducts the operations, with a standing repo, or repurchase, operation one possibility.
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The cost for banks and Wall Street dealers to borrow dollars in the overnight repurchase agreement market rose as high as 10% on Tuesday.
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The repurchase agreement, or repo, market is basically the plumbing of Wall Street, where banks in need of short-term cash come for funding.
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Kroger said it will use proceeds from this transaction, which is expected to close in the current quarter, to reduce debt and repurchase shares.
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The central bank left the rate on its overnight reverse repurchase facility at 4.0%, as predicted by all 10 economists in a Reuters poll.
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This could pressure the investment grade rating in a stressed environment, particularly if share repurchase activity exceeds FCF generation before changes in working capital.
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Announces proposed $100 million private offering of convertible senior notes and stock repurchase Source text for Eikon: Further company coverage: (Reporting By Siddharth Cavale)
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Bristol-Myers, which also announced a $2 billion accelerated share repurchase program, said the appointments would temporarily increase the size of the board to 14.
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FOXA is capitalizing on the capacity and flexibility within its balance sheet and intends to repurchase $5 billion of its common stock during fiscal 2016.
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Announces the repurchase of 100% of its outstanding convertible perpetual preferred stock Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 646 8780)
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And so we continue, this fiscal year we used the proceeds from the Nestle Global Coffee Alliance, we initiated a $5 billion accelerated share repurchase.
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Monster Beverage's board of directors also approved a new buyback program for the repurchase of up to $500 million of the company's outstanding common stock.
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If the company bought shares at Wednesday's closing price of $51.28, it would be able to repurchase about 58 million shares, according to Reuters calculation.
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The central bank agreed to a repurchase deal, known as a "repo," using around $1.3 billion in bonds held by the institution, the source added.
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Among other things, they can see customer repurchase rates, average order values, and how much the lifetime value of each customer has changed over time.
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Higher borrowing costs in the federal funds and repurchase agreements markets this week may have bolstered the appeal of commercial paper as a funding source.
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Investors were cheered by the beat in revenue after Yelp missed first-quarter revenue estimates, along with news of the sale and the repurchase program.
|
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The exchange confirmed it would move trading in European government bonds and European repurchase agreements (repo) from London to the new BrokerTec unit in Amsterdam.
|
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Apollo spent $48 million on share repurchases in the first nine months of 2016, including open-market repurchases and repurchase of shares issued to employees.
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Discover Financial Services — The credit card issuer announced plans to repurchase an additional $100 million of its common shares between now and June 30, 2017.
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UPS has a $1 billion share repurchase program in place this year and has bought back around $103 billion of its own stock since 2012.
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This agreement was entered into pursuant to FactSet's previously announced $203.8103 million share repurchase program approved by FactSet's Board of Directors on May 19, 2016.
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FactSet data has shown that companies with stock repurchase programs have underperformed the S&P 500 in the past year by more than 5 percent.
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"Siemens did offer to repurchase all turbines before they were illegally moved to Crimea against clear contractual agreements," a Siemens spokesman said in a statement.
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But I figure with, you know, with the passage of a little time we may own 6 or 7 percent simply because they repurchase shares.
|
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The company said the latest share buyback would take the total repurchase program to up to 3 billion pounds for the year ending June 30.
|
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Board approves increase of $150.0 million to its common share repurchase program Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-646-8780)
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Consequently, the suspension of the share repurchase program is viewed positively by Fitch as the excess liquidity could be used to further reduce NAVI's debt.
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Repurchase activity & upside to forecasts could support further multiple expansion, but we see risks from downside to more elevated sales/earnings expectations as an offset.
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Whatever the reasons, buybacks are near historical highs and there are concerns that those popular repurchase programs could come at the expense of internal investment.
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Read More Gundlach: Here's what my firm bought recently Short sellers borrow shares then sell them for later repurchase in hopes the stock will fall.
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China's central bank will inject 340 billion yuan ($52.08 billion) into the money markets through seven-day reverse bond repurchase agreements on Thursday, traders said.
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The bank has got a non-objection from the board of governors of the Federal Reserve System to increase the amount for the share repurchase.
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Still, there have not been any major share repurchase programmes by Thai companies this year and historically they have not been keen on them either.
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China's central bank will inject 10 billion yuan ($1.53 billion) into the money markets through seven-day reverse bond repurchase agreements on Friday, traders said.
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Announces stock repurchase plan * Says extension brings total amount of authorized share repurchases under plan to $40 million Source text for Eikon: Further company coverage:
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GameStop shares jumped about 4 percent after hours Monday after the company announced its board of directors approved a new $300 million share repurchase program.
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A deal with an outside investor could allow Bombardier to repurchase the Quebec stake in the CSeries, which could eliminate the subsidy issue, Spingarn wrote.
|
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Apple shares gained 4.4 percent Wednesday, a day after the company reported better-than-expected quarterly results and announced a $100 billion share repurchase program.
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In a Monday securities filing, Triunfo's board said the company aims to repurchase as many as 4.708 million common shares over the next 18 months.
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But Hunter added that stock-repurchase growth tended to track earnings growth, so a slowdown in earnings will continue to erode that spending in 2020.
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Bank of America recently announced an additional $5 billion stock buyback program, following an already-planned $12 billion repurchase initiative, which garnered criticism from Sen.
|
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The airline announced a new $3 billion share repurchase program, which will authorize the company to buy back about 17 percent of its market share.
|
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The hospital products maker, whose fourth-quarter profit beat analysts' expectations, said it would repurchase about $500 million worth of shares in the ongoing quarter.
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Corzine, who had previously served as the CEO of Goldman Sachs, stood by the heavy investments in European sovereign debt through "repurchase-to-maturity" transactions.
|
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Shareholders typically like repurchase programs because a company's earnings per share rise as the number of its shares outstanding falls, often propelling its stock price.
|
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Fitch expects Agilent's publicly committed dividend and share repurchase commitment to total roughly $600 million in 103 and grow to approximately $660 million by 2019.
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Accordingly, foreign cash balances have grown along with debt balances to fund domestic cash requirements for the dividend, U.S. capital investment and share repurchase program.
|
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The Bank of Thailand (BOT)'s Monetary Policy Committee voted unanimously to keep the one-day repurchase rate where it has been since April 2015.
|
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Mastercard (MA) plans to buy back up to $4 billion of its Class A shares, effective at the completion of its previously announced repurchase program.
|
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A new policy allows buybacks to be authorized when Berkshire's Warren Buffett and Charlie Munger feel the repurchase price is below Berkshire's intrinsic value. Amazon.
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The company's site calls it "America's #1 rated mattress brand" according to a leading independent consumer publication rating comfort, value, support, durability, and repurchase intent.
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"The combined company will have a strong balance sheet and generate significant cash flow available to pay down debt and repurchase shares," Mr. Miller said.
|
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U.S. dollar funding stresses remain evident, even if slightly easier since the U.S. Federal Reserve's latest support for commercial paper and securities repurchase markets Tuesday.
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U.S. dollar funding stresses remain evident, even if slightly easier since the U.S. Federal Reserve's latest support for commercial paper and securities repurchase markets Tuesday.
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The superstore, which also owns Sam's Club, said that they will sell the devices until their stock runs out, and they will not repurchase more.
|
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So they're-- a company that's paying a dividend, take Apple or you name it, I mean, they're not gonna cut their dividend-- to repurchase shares.
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New York Times: Some market participants have said the Fed was too slow to intervene amid the recent disruption in overnight repurchase agreements, or repos.
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REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2017 * ANNOUNCES $15 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM Source text for Eikon: Further company coverage:
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In a repo contract, one party sells a security to another with a promise to repurchase it at a later date for a specific price.
|
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The BOK kept the seven-day repurchase rate at 1.75 percent in February, in line with forecasts from 11 analysts surveyed in a Reuters poll.
|
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It said it would repurchase an additional $1 billion of its stock on top of the $4 billion that it already intended to buy back.
|
|
Interest on reserves and reverse repurchase agreement policies are only indirectly linked to rates consumers and businesses receive or pay for overnight deposits or credit.
|
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But I figure with, you know, with the passage of a little time we may own 22004 or 7 percent simply because they repurchase shares.
|
|
One option is for the company to repurchase 10 percent of its shares each year until 2021, boosting earnings per share 30 percent from estimates.
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An inability to further address refinancing risk via increased liquidity, repurchase/repayment of existing debt, and/or moderated shareholder distributions, could have negative rating implications.
|
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Bank Indonesia (BI) kept unchanged the 7-day reverse repurchase rate at 5.00%, as predicted by 20 out of 24 economists in a Reuters poll.
|
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KLA-Tencor also announced a $2 billion share repurchase authorization, which it plans to complete within 12 to 18 months after the Orbotech deal closes.
|
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Money from a potential sale of CBS' New York City headquarters may be used to repurchase shares, ViacomCBS CEO Bob Bakish told CNBC on Monday.
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To short a stock, an investor borrows shares with the expectation that the price will fall and the investor can repurchase them at a profit.
|
|
In February 2016, Apollo's board authorized the repurchase of up to $250 million in aggregate of class A shares, including up to $150 million through a share repurchase and up to $13 million through a reduction of class A shares to be issued to employees to satisfy associated tax obligations in connection with the settlement of equity-based awards granted under the incentive plan.
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Northern Trust will increase its dividend to 21.4 cents a share from 238 cents a share and plans a share repurchase of up to $234 million.
|
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Another thing that had investors cheering — a $2.5 billion stock repurchase authorization from eBay's board, despite what Wenig called a "disciplined" approach to capital allocation overall.
|
|
Shares of the company rose almost 14.43 percent to $214.4 in after-hours trading, also helped by the announcement of a $23.39 million share repurchase program.
|
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Humana – The health insurer announced an accelerated $750 million stock repurchase program, and also raised its estimate of membership growth for its individual Medicare Advantage products.
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The People's Bank of China (PBOC) raised the interest rate on open market operation reverse repurchase agreements (repos) by 10 basis points, effective on Feb. 3.
|
|
J&J also reiterated its full-year 0.83 forecast, and said the restructuring in the devices business would not affect the $10 billion share repurchase program.
|
|
SHANGHAI, March 16 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Friday morning, traders said.
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SHANGHAI, Nov 3 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Friday morning, traders said.
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Before the announcement, Chevron had planned to repurchase $4 billion worth of shares from investors each year, up from a previously announced $3 billion buyback program.
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The BOJ said it would conduct a reverse repo auction on Friday, offering to sell JGBs on March 27 with a repurchase agreement on April 3.
|
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The rules, which apply to the so-called repurchase agreement (repo) business in the exchange bond market, come amid rising corporate defaults and Beijing's deleveraging campaign.
|
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The company said it expects to use part of the proceeds to buy back shares and raised its repurchase program by $5 billion to $1.83 billion.
|
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Bank Indonesia (BI) left its 23-day reverse repurchase rate at 22019%, in line with the expectations of 22018 out of 13 analysts surveyed by Reuters.
|
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Ambarella's board also announced the approval of a $75 million stock repurchase program, which will run for six months starting in fiscal second quarter of 2017.
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Short sellers borrow stock for a fee, then sell and agree to repurchase at a later date in hopes of pocketing a profit after shares fall.
|
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Like its big-bank peers, the company will disclose whether the Federal Reserve will allow it to raise its dividend and share repurchase program on Thursday.
|
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The company also gave an update on its share repurchase program it authorized in September, saying it had purchased 2.4 million ADSs for about $51.5 million.
|
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Deutsche regained some value after it outlined plans to repurchase $5.38 billion worth of other bonds, but investors' concerns don't seem to have been entirely assuaged.
|
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Tumblr founder and former CEO David Karp didn't return an emailed request for comment about Verizon's plans, or if he'd consider trying to repurchase the company.
|
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TORONTO, Oct 15 (Reuters) - The Bank of Canada said on Tuesday that it did not buy back any amount in a cash management bond repurchase operation.
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There are all sorts of behavioral economic forces at play in such a situation, but needless to say, people's propensity to repurchase goes through the roof.
|
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Hilton said on Friday it will not receive any proceeds from the sale and would repurchase about 1.3 million shares from the shareholders affiliated to Blackstone.
|
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On Tuesday, Brazilian oil company Petroleo Brasileiro SA priced global notes worth $3 billion due in 2029 and 2049, seeking to repurchase shorter-term debt obligations.
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The company said it does not plan to repurchase any shares this year as it aims to complete the separation process by the end of 2016.
|
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Spectrum said it expects to use proceeds to pay down debt, reinvest in its core businesses both organically and through bolt-on acquisitions, and repurchase shares.
|
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JPMorgan Chase, the biggest U.S. bank by assets, said it will repurchase up to $1.88 billion in common shares through the end of the second quarter.
|
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The company also said on Wednesday it would repurchase 24.6 billion euros worth of shares in 22018, following a 20.8 billion euro repurchasing program in 26.4.
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"The Bank's strong liquidity position allows it to repurchase these securities without any corresponding change to its 2016 funding plan", Deutsche Bank said in a statement.
|
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The People's Bank of China (PBOC) said it had increased the rate on 250-day reverse repurchase agreements by 23 basis points (bps) to 27 percent.
|
|
J&J also reiterated its full-year 2015 forecast, and said the restructuring in the devices business would not affect the $10 billion share repurchase program.
|
|
IPF's total equity declined 9.5% in 2015 to GBP327m, as dividends, the repurchase of own shares and exchange losses on foreign currency translation exceeded net income.
|
|
The volume weighted average of the 14-day and one-month bond repurchase agreement (repo) rates were up 19 basis points and nine basis points respectively.
|
|
The approval will allow the Waterloo, Ontario-based company to buy back up to 2.713 million shares, up from its earlier plan to repurchase 12 million.
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Short-sellers borrow shares they believe are overpriced, sell them, and then repurchase shares later at what they hope will be lower prices to make profits.
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Fitch takes a favorable view of management's decision to suspend its share repurchase program for the remainder of 2016 to reinforce its holding company capital position.
|
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All 503 analysts in the poll see Bank Indonesia (BI) keeping its 7-day reverse repurchase rate at 6.00 percent, where it has been since November.
|
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SHANGHAI, March 7 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Wednesday morning, traders said.
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Lawyers for individual car owners have said their clients expect the automaker to repurchase cars allegedly marketed with false claims about toxic emissions and fuel efficiency.
|
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The central bank started offering so-called repurchase agreements after a liquidity crunch in September, with the goal of keeping interest rates within its intended range.
|
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In that eight-day period, insiders sold an average of $500,000 worth of stock each day, a fivefold increase from the days before a repurchase notice.
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As a corporation, KKR plans to pay an annualized dividend of 50 cents per common share and increase its authorized share repurchase amount to $500 million.
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An article published by The Washington Post on Thursday night revealed that Mr. Foos sold the motel in 21966 and did not repurchase it until 1988.
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Exceptions to the rule include any existing OTC equity pledge repurchase operations, said the SAC which is an association supervised by the China Securities Regulatory Commission.
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SHANGHAI, Dec 6 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Wednesday morning, traders said.
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Bank Indonesia (BI) left the 7-day reverse repurchase rate at 6.00 percent - its level since November - as predicted by all 25 economists surveyed by Reuters.
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U.S. stock index futures pointed to a mixed open on Thursday after all big banks tested by the Federal Reserve got their capital repurchase programs approved.
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If Microsoft does repurchase the full amount and doesn't reissue any of those shares, it would be among the largest buybacks done in the past decade.
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Consumers decide delivery times, how they'd like to be notified when an order is on its way, and whether to repurchase or alter their next order.
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COM INC - REPURCHASE PROGRAM HAS A TWO-YEAR DURATION, DOES NOT REQUIRE PURCHASE OF ANY MINIMUM NUMBER OF SHARES Source text for Eikon: Further company coverage:
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Investors will also need to adjust to the day to day volatility of the repurchase market, where rates typically increase ahead of monthly and quarterly closings.
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The repurchase program had dwarfed the dividend payout for years, and its cancellation was the first sign by Exxon's board of less-generous remuneration to shareholders.
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Altaba also announced a $5.75 billion share repurchase, using the proceeds of its sale of Yahoo Japan to SoftBank Group, which was completed on Sept. 14.
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JPMorgan announced its biggest ever share repurchase program since the financial crisis, and Citigroup announced its largest ever buyback program, according S&P Global Market Intelligence.
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The $19.4 billion buyback plan surpasses a $12.81 billion repurchase program announced in 2012, according to Richard Peterson, principal analyst at S&P Global Market Intelligence.
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The central bank kept its benchmark seven-day repurchase rate KROCRT=ECI at 1.50 percent, as expected by 14 of 21 economists in a Reuters poll.
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It doesn't expect to repurchase any shares for at least several years until it pays down the debt it has run up because of the Max.
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Woodbridge, the Thomson family's investment company, will take part in the share repurchase, maintaining its ownership in Thomson Reuters in the 50 to 60 percent range.
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In its announcement Wednesday, Tapestry said it is maintaining its 2020 outlook and expects to return about $700 million to shareholders through dividend and repurchase programs.
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Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $6233 million.
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So far this year, it has sold $9.8 billion of reserves in the spot market, $14 billion in repurchase auctions and $10.5 billion in currency swaps.
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If it stays within the safe harbor, a company can repurchase its stock in massive amounts without fear of being charged with manipulating the stock's price.
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Elliott Management recently purchased a $2.5 billion stake in the company, pushing it to repurchase up to $20 billion in stock and improve its governance practices.
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The results bode well for a test next week, when Fed officials will decide whether to approve the banks' plans to pay dividends and repurchase shares.
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When asked about a share repurchase, Yol said that markets were "panicking and the 42 baht price is reasonable," referring to the company's price at IPO.
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We get rich on-- the fact that the retained earnings are used to build new earning power, repurchase-- shares which increases your ownership in the company.
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The cap on the Fed's daily operations in the market for repurchase agreements, or repo, will be reduced to $100 billion, from $120 billion, starting Friday.
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A large majority of economists in a Reuters poll expect the central bank to hold the 7-day reverse repurchase rate IDCBRR=ECI steady at 5.00%.
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Citi, Bank of America, JPMorgan and Wells Fargo said last month that they planned to repurchase a combined $105 billion in shares over the next year.
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Shares of Nordstrom rose more than 2.5 percent after hours after the company's board authorized a $1.5 billion share repurchase program and approved a quarterly dividend.
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The overnight rate in the repurchase agreement (repo) market jumped to 4.10% from 2.29% late on Friday, its highest levels since the start of the year.
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Biogen shares edged 1% higher after the biopharmaceutical company announced that it will repurchase up to $5 billion of its common stock with no expiration date.
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The People's Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repurchase rate CN7DRRP=PBOC to 2.50% from 2.55%.
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The People's Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repurchase rate CN7DRRP=PBOC to 2.50% from 2.55%.
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Narendra noted that Facebook does have a "pretty significant" stock repurchase program, which began in the first quarter of 2017 as a way to reward investors.
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Recently, Walmart announced plans to spend $403 billion on a share repurchase program while laying off thousands of workers and closing dozens of Sam's Club stores.
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Curbing stock buybacks, a practice where companies repurchase their own shares from investors, often resulting in a temporary boost in stock's price, could also be effective.
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Southwest also said it expected to buy back an additional $250 million in common shares as part of an accelerated share repurchase program to be launched soon.
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Bank Indonesia (BI) held the 7-day reverse repurchase rate IDCBRR=ECI steady at 4.75 percent, as predicted by 19 of 20163 analysts in a Reuters poll.
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Toshiba Corp bucked Monday's trend and rose 4.1 percent after announcing that it would repurchase up to 192.6 million shares, or 30 percent of its outstanding stock.
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Banks use government bonds as collateral to access cash in the repurchase (repo) market, in which clearing houses assume lending risks to provide institutions with the cash.
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In a Reuters poll, 20 of 21 economists forecast the monetary policy committee (MPC) will leave the one-day repurchase rate THCBIR=ECI unchanged at 1.50 percent.
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Coming into 2003, Apple has nearly $50 billion remaining on its current capital return program, which means more share repurchase activity is possible in the coming quarters.
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In August, BI switched its benchmark from the 23-month reference rate to the 7-day reverse repurchase rate to try to more directly affect market rates.
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Zimmer, which mandated BNP Paribas (B&D), HSBC and RBC, intends to use the proceeds to repurchase some of its outstanding debt via a cash tender offer.
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The People's Bank of China surprised markets by hiking short-term interest rates, also known as reverse repurchase agreements (repos), by ten basis points to 2.35 percent.
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Under the deal with Bain, Toshiba would not be giving up the chip unit entirely as it plans to repurchase a 40 percent stake in the business.
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Separately, Edwards' board of directors said it authorized a new share repurchase program to acquire up to an additional $1 billion of the company's outstanding common shares.
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" ON BUYING BACK HIS OWN STOCK "The question whether we had a $100 billion or $200 would not make a difference in our approach to repurchase shares.
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The company said it has hired consulting firm Bain & Co. to assist with identifying strategic alternatives, and last month, it announced a $100 million stock repurchase program.
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Ermotti confirmed to CNBC Thursday that the Swiss bank aims to repurchase up to $1 billion in shares this year, as announced at the end of 2018.
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The New York Fed on Thursday started offering at least $120 billion in daily operations in the market for repurchase agreements, or repo, up from $75 billion.
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The New York Fed on Thursday started offering at least $120 billion in daily operations in the market for repurchase agreements, or repo, up from $75 billion.
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SHANGHAI (Reuters) - China's central bank will inject 60 billion yuan ($9.22 billion) into the money markets through seven-day reverse bond repurchase agreements on Wednesday, traders said.
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The exact cadence of the buybacks will depend on various market conditions, and will likely occur gradually until the repurchase program's expiration date in April of 2021.
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The company also approved a new $40 billion share buyback program, reaffirming it's on track to complete its current $40 billion stock repurchase program by December 31.
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Buffett acknowledged he would be willing to repurchase $493 billion of stock if it became cheap enough, and Munger predicted Berkshire would become "more liberal" with buybacks.
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During Martowardojo term, BI made the 7-day reverse repurchase rate its policy interest rate IDCBRR=ECI, replacing another rate that was not tied to money markets.
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People are eager to know whether Berkshire continued this repurchase plan in the fourth quarter, when a late-year market swoon might have presented a buying opportunity.
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To better guide commercial banks' rates, BI next month will fully adopt the 7-day reverse repurchase rate IDCBRR=ECI as its benchmark policy rate next month.
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It now theoretically could allow $60 billion a month to roll off, but Fed officials could change that program and begin to repurchase securities to replace them.
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All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)'s monetary policy committee (MPC) will keep its one-day repurchase rate at 1.75 percent.
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Bank Indonesia (BI) held the seven-day reverse repurchase rate at 5.13 percent for a fourth straight month, as predicted by all 25.1 analysts polled by Reuters.
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Separately, Edwards' board of directors said it authorised a new share repurchase programme to acquire up to an additional $1 billion of the company's outstanding common shares.
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Better still, Congress might include one calling for the phasing-out both of interest payments on excess reserves and of the Fed's overnight reverse repurchase agreement program.
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The share repurchase plan follows last year's announcement of a $21.4 billion buyback, reflecting the recovery in mining companies following the commodity price crash of 2015-16.
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The company said it planned to repurchase up to 5 percent of its shares, just over a week after abandoning a bid to buy Norfolk Southern Corp.
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The rules order financial institutions to report financial data to regulators if their outstanding repurchase agreements, known as repos, and reverse repo volumes exceed a certain limit.
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Harley-Davidson issued $750 million in debt in 2015 to fund a 15 million share repurchase, but is unlikely to tap debt markets again soon, analysts said.
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KUALA LUMPUR, Nov 12 (Reuters) - Malaysia's central bank on Tuesday extended the maximum tenor of a repurchase agreement, or repo, to five years from 365 days previously.
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The reverse repurchase agreement program is a policy tool the U.S. central bank uses to drain money from the financial system to achieve its interest rate objectives.
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Interval funds make periodic repurchase offers to shareholders, generally every three, six or 12 months and differ from open-end mutual funds as they are less liquid.
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Hunter said that in the first half of this year, just 10 companies were responsible for 37% of the repurchase spending for the entire S&P 500.
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The 7-day reverse repurchase rate was held at 553 percent, where it has been since November, as predicted by all 23 analysts in a Reuters poll.
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However, most believe the PBOC will make small adjustments to the rates it charges for short- and medium-term OMO loans, including 7-day reverse repurchase agreements.
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Resumption of share repurchase activity or other aggressive financial policy decisions that delay the anticipated improvement of Viacom's credit profile would also result in negative rating action.
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The repurchase agreements serve as an important mechanism to allow the leasing companies to provide foreign-currency liquidity to their overseas operating platforms in a timely manner.
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JPMorgan Chase said it authorized share buybacks of up to $19.4 billion in the 12 months beginning July 1, its biggest repurchase program since the financial crisis.
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Nike on Thursday reported earnings and sales that topped analysts' expectations for the fiscal fourth quarter and announced a new, four-year $343 billion share repurchase program.
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Shortly after acquiring the properties, the companies are voluntarily wound up, and the criminals then repurchase the property at a price considerably above the original purchase price.
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Wolverine World Wide – The maker of shoe brands like Saucony and Hush Puppies announced a 25 percent dividend increase and a new $400 million share repurchase program.
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Toshiba Corp bucked Monday's trend and rose 3.3 percent after announcing that it would repurchase up to 192.6 million shares, or 30 percent of its outstanding stock.
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Berkshire said it sometimes exceeds the 10 percent cap when companies whose stock it owns repurchase their own shares, forcing it to sell some of its holdings.
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He added that France had exercised its pre-emption right to repurchase the controlling stake in STX simply to have more time and relaunch negotiations with Italy.
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AMC Entertainment (AMC) shares shot up in extended trading after the company announced a common stock repurchase of up to $200 million over the next three years.
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The Federal Reserve Bank of New York on Wednesday expanded the size of its so-called repurchase operations, which are essentially short-term loans to eligible banks.
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AT&T Inc tumbled as the wireless carrier said the outbreak might have a material impact on financial results and canceled a $4 billion share repurchase agreement.
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AT&T tumbled 523% as the wireless carrier warned the virus might have a material impact on financial results and canceled a $252 billion share repurchase agreement.
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Australia's Council of Financial Regulators on Monday said the Reserve Bank of Australia (RBA) would conduct one-month and three-month repurchase (repo) operations until further notice.
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"During periods of high financial market volatility, the Treasury may hold extraordinary repurchase auctions of government securities to support the smooth functioning of the market," it added.
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