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NEWS ABOUT: stock buyback

Flush With Cash, US Companies Buy Own Stock

Instead of, for example, hiring

(Newser) - American companies are sitting on record piles of cash right now, but instead of spending it to hire more workers or increase productivity, most are choosing to buy back huge quantities of their own stock, the Washington Post reports. This year firms have announced $273 billion in buybacks, more than... More »

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... More »

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... More »

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... More »

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