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December 2, 2008 9:43:33 PM CST


stock buyback

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SEC Halts Short Selling
on Financial Stocks

SEC suspends practice blamed for downward market pressure

(Newser) - The SEC temporarily banned short-selling of 799 financial companies today, an “emergency action" aimed at slowing sliding stock prices that have rattled investors’ confidence in recent weeks, CNNMoney reports. The practice, in which in investors borrow stock and sell it, hoping to buy it back cheaper and pocket the difference when the price declines, is thought to be partially responsible for recent worldwide market declines. More »

More about:  stock market markets short selling global market stock price stock buyback

 IBM Raises Dividend 25% 

Firm paying out $2.5B, expecting $12B in stock buybacks

(Newser) - IBM raised its quarterly dividend for the thirteenth consecutive year today after posting strong Q1 earnings two weeks ago, the Wall Street Journal reports. The firm expects to pay $2.5 billion to shareholders this year after raising its dividend 25%, from 40 to 50 cents. IBM also expects to pass along another $12 billion to investors through stock buybacks. More »

More about:  computer investors shareholders IBM first quarter earnings information technology stock buyback dividend

IBM to Buy Back $15B of Stock

Company raises its profit forecast

(Newser) - IBM will repurchase $15 billion of its own stock, it revealed today, leading the IT company to raise its profit forecast for the year to beat Wall Street predictions. The Armonk, NY-based computing giant will spend $12 billion on the buyback this year, the AP reports. The company told the Street that would help elevate its projected earnings-per-share for the year by five cents over previous estimates. More »

More about:  Wall Street IBM earnings forecast stock buyback analyst guidance

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