Today, Oracle announced a plan to buyback $8 billion worth of stock in addition to an existing plan to buyback $9.3 billion of stock.
No timeline was given for the $17 billion deal and shares of Oracle rose 6.7 percent today. Trading activity was pretty normal, just about 400,000 shares above the three-month average of 42.1 million […]
Last night, Coach (one of my favorite handbag designers!) announced plans to buyback up to $1 billion worth of its outstanding shares.
The buyback will be completed by June 2010, in fact the company just completed a billion dollar buyback (started in winter 2007). Prior to news of the latest buyback being released, the stock was down almost […]
One by one, the nation’s largest investment banks are announcing plans to buy back auction-rate securities. Thick as thieves, aren’t they? ;)
Today’s announcement came from Morgan Stanley, which will buy back up to $4.5 billion worth of auction-rate securities from retail customers who purchased them before February 12th and sold the securities at a loss on or […]
Another billion dollar settlement was announced today involving an investment bank and auction rate securities (ARS).
UBS has agreed to a $19.4 billion settlement with federal and state regulators stemming from charges that the bank misled investors in the ARS market.
In addition to buying back the securities it allegedly misled investors into purchasing, UBS has also […]
In one of few bright points in today’s morning session, Eastman Kodak has announced plans to buyback up to $1 billion of its outstanding stock.
News of the buyback sent shares flying as high as $14.45, representing a 17 percent increase from yesterday’s close of $12.34 per share.
Buybacks usually indicate a firm’s belief that shares are currently undervalued […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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