DALLAS (AP) — Labor unions are pressuring U.S. airlines not to buy back their own stock but instead spend the money on hiring more workers and fixing problems that caused widespread flight delays and ...
Tag: Share Buybacks/Redemptions
Stock-buyback tax to be signed into law under Democrats’ climate change and health care bill
WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corpo...
Berkshire Hathaway Bought Apple, Chevron Stock, Sold GM, Verizon
Text size Warren Buffett’s Berkshire Hathaway made modest stock purchases in the second quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway added to its stakes in Apple , C...
Corporate Tax Hikes Are Coming. What It Means for Investors.
Illustration by Elias Stein Text size Washington is about to ratchet up the tax burden on companies, but the stock market doesn’t seem concerned. The Inflation Reduction Act, which was approved by Con...
An investor’s guide to the Inflation Reduction Act — and what the bill means for your portfolio
If investors thought they were finding their footing in a volatile stock market, a new tax, climate and healthcare spending bill from Capitol Hill might have them trying again to regain their stabilit...
Pfizer, Moderna Take Different Paths as Vaccine Boom Ends
Pfizer is trying to add $25 billion to its 2030 revenue through acquisitions. Dan Kitwood – WPA Pool/Getty Images Text size Pfizer ’s $5.4 billion deal to acquire the biotech Global Blood Therap...
5 Things to Watch in the Inflation Reduction Act of 2022
Text size Democrat and Senate Majority Leader Chuck Schumer. Drew Angerer/Getty Images Senate Democrats are getting closer to passing the Inflation Reduction Act of 2022. The Senate was set to vote o...
Berkshire Hathaway Beats Estimates for Second-Quarter Profits
Text size Berkshire Hathaway CEO Warren Buffett added slightly to stakes in Apple and Chevron. Andrew Harrer/Bloomberg Berkshire Hathaway ’s operating profits rose 39% in the second quarter, topping e...
What a Buyback Tax Means for Apple, Meta, and Microsoft
Text size Arizona Democratic Sen. Kyrsten Sinema Drew Angerer/Getty Images Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema, moving their climate and healthcare bi...
New Buyback Tax Will Force Companies to Think Twice on How to Use Cash
In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
Zillow is almost done selling homes, but stock slumps as the hard part is still to come
Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thu...
Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 result...
BP raises dividend and buyback after profit surge
BP PLC BP, +3.29% on Tuesday reported that its profits rose further in the second quarter of the year, and increased both the dividend and the quarterly share buyback. The multinational energy group m...
Apple Borrows Money to Buy Back Stock. What That May Say About the Bond Market.
Text size A new Apple store in London, shown in late July. Dan Kitwood/Getty Images Apple is gearing up for a four-part bond sale to fund stock buybacks. Apple (ticker: AAPL ) is planning to use the p...
Exxon Mobil’s Darren Woods: Barron’s Top CEOs 2022
Darren Woods is CEO of Exxon Mobil Christopher Pike/Bloomberg Text size Empty roads presented a clear problem for a company in the business of pulling oil out of the ground and turning it into fuel. B...
Berkshire Hathaway Director Ron Olson Scooped Up Shares
Text size Attorney Ron Olson walks to a session at the Allen & Company Sun Valley Conference in July 2021. Kevin Dietsch/Getty Images A longtime director of Berkshire Hathaway snapped up the stock...
Bank Stocks Boost Dividends After Fed Stress Tests
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo , and Bank of America said they would rais...
Goldman Sachs and Wells Fargo Boost Dividends After Fed Stress Tests
Text size The Fed’s annual stress tests were introduced following the 2008-09 financial crisis. Dreamstime Morgan Stanley , Goldman Sachs , Wells Fargo and Bank of America said they would raise ...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...
Buffett Filing Indicates Berkshire Was a Light Buyer of Its Shares This Quarter
Text size Warren Buffett has slowed stock repurchases as Berkshire’s share price has risen. Steve Pope/Getty Images A filing Wednesday by Berkshire Hathaway CEO Warren Buffett indicates the comp...
Companies Are Still Buying Back Stock. Ones to Favor, and Ones to Avoid.
Text size Las Vegas Sands is sitting on a pile of cash after selling its Vegas properties, including the Venetian Resort. Roger Kisby/Bloomberg With the stock market tumbling again, it’s bargain-hunti...
Dividend Stocks With the Biggest Payout Ratios Outperform Buybacks
For more than 20 years, stocks with strong dividend payout ratios have acquitted themselves well against two important groups: companies that pay less of their earnings in dividends and firms that rep...
Why Shale Drillers Are Pumping Out Dividends Instead of More Oil and Gas
Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in yea...
PayPal borrows $3 billion to help fund debt buyback plan
PayPal Holdings Inc. hit the market on Monday with a $3 billion corporate bond financing to help the online money-transfer and payments giant fund a $2 billion tender offer for its own debt. The four-...
Renault Sells Russia Business to State-Backed Entity for One Ruble
PARIS—French auto maker Renault SA has reached a deal to cede its 68% stake in Russia’s biggest car maker to a state-backed entity for one ruble and a six-year option to buy back its shares, according...
Starbucks’ CEO Howard Schultz Bought $10 Million of Stock
Text size Howard Schultz has halted Starbucks’ buybacks of its stock. Getty Images Howard Schultz, now on his third stint as Starbucks ‘ top executive, just bought millions of dollars of the cof...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing inv...
Starbucks plans to invest roughly $200 million to tackle increased demand for customized cold beverage orders
According to Starbucks Corp.’s interim Chief Executive Howard Schultz, the coffee giant’s problem isn’t demand, but the challenges of meeting it. The company SBUX, -1.26% has allotted more than $200 m...
Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed
Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $51.1 billion worth of equities in the quarter, according to the comp...
Apple gave investors more than $100 billion last year — how much more is coming?
Apple Inc. is getting ready to show investors the money. Apple’s AAPL, -2.78% Thursday afternoon earnings report not only will reveal how the consumer-electronics giant is managing supply-chain and ma...
Why Apple’s Stock Buybacks and Its Dividend Could Get a Big Boost
Text size Apple stock has faced headwinds in 2022 but is still up 26% from this time a year ago. Dreamstime Apple ’s quarterly earnings reports frequently hog the spotlight on days when they drop. The...
Opinion: Why the Inflation Reduction Act is a very big deal for Americans
NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is ...