Surprise Billion Buyback

Samsung shares climb more than 7% after surprise $7 billion buyback plan

The company last bought back shares in November 2017.

Business - CNBC - 6 hours ago

Samsung Electronics Plans $7 Billion Share Buyback

The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.

Business - The Wall Street Journal - 2 days ago

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - October 29

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - October 29

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

Business - CNBC - October 31

Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.

Business - CNBC - November 4

RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays

The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.

Business - The Wall Street Journal - 4 days ago

IAG to Begin $378 Million Buyback

The British Airways owner will start buying back the shares from next week.

Business - The Wall Street Journal - November 8

FirstFT: HSBC overhaul to divide businesses along east-west lines

Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity push

World - Financial Times - October 22

Aegon Lifts Outlook, Launches $158 Million Buyback

The financial services company raised its full-year guidance and said it expected to start buying back shares in January.

Business - The Wall Street Journal - 3 days ago

Samsung shares rise on ‘desperate’ buyback plan

First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family

World - Financial Times - 4 hours ago

Chinese share buybacks hit record high as Beijing steps up support

Policymakers push companies to return cash to shareholders as they try to revive flagging stock market

Business - Financial Times - October 21

Deutsche Bank warns of rising bad loan provisions

German lender posts record third-quarter profits but tells investors to brace again for credit risks

Business - Financial Times - October 23

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.

Business - The Wall Street Journal - October 25

HSBC chief says east-west division will not lead to ‘any split’

Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive

Business - Financial Times - October 29

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Qualcomm’s rosy forecast sends stock surging, and more buybacks may be on deck

Qualcomm is upping its buyback program by $15 billion after repurchasing more than $4 billion in stock last fiscal year.

Business - MarketWatch - November 7

Ahold Delhaize Net Profit Misses Market Views, Issues Buyback

The Dutch grocer outlined a share buyback program, despite reporting a worse-than-expected fall in third-quarter net profit.

Business - The Wall Street Journal - November 6

British Airways owner announces stock buyback as profit grows 17%

British Airways owner International Airlines Group announced a stock buyback after reporting rising profits and margins.

Business - MarketWatch - November 8

ABN Amro Posts Profit Beat, Delays Next Buyback Decision

ABN Amro Bank will take longer than expected to decide on its next share buyback as it adapts to new capital rules, sending shares lower in early trading despite the Dutch lender’s ...

Business - The Wall Street Journal - 4 days ago

The economic October surprise

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumers feel more confident ahead of Election Day A new survey shows that ...

Politics - The Hill - October 29

A November Surprise That’s Jostling the Markets

The dollar, Treasury yields and crypto currencies have fallen, reversing some elements of the so-called Trump trade after an unexpected poll result.

Business - The New York Times - November 4

Surprising No One, Democrats Ditch Tesla

It’s never a good sign when your customers are embarrassed to be associated with you.

Top stories - The New York Times - November 1

Surprise polling! Is Harris pulling ahead?

What new data from Iowa could mean for the race... and Harris on the iconic SNL

Pythons Have Surprising Social Lives

Ball pythons were long assumed to be solitary, but scientists discovered the snakes in captivity prefer each others’ company when given the chance to live socially.

Science - The New York Times - 4 days ago

Behind the surprising Infowars purchase by The Onion

Satirical publication The Onion has purchased Infowars, Alex Jones' embattled brand. The Connecticut families of eight victims of the Sandy Hook Elementary School shooting and one first responder ...

MicroStrategy buys $2 billion in bitcoin in 10 days. Is there $42 billion to go?

Shares of MicroStrategy Inc. entered record territory Monday for the first time in 24 years, as the self-proclaimed largest corporate holder of bitcoin continued to ride the postelection frenzy in ...

Business - MarketWatch - 6 days ago

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Blackhawks Forward's Surprising Start To New Season

This returning Chicago Blackhawks is turning heads with their early season performance.

Sports - Yahoo Sports - October 19

Why Baron Davis believes Warriors will ‘surprise' people this season

Former NBA All-Star point guard Baron Davis explains why he believes the Warriors will improve on their 2023-24 NBA season.

Sports - Yahoo Sports - October 22

The Original John Wick Was Saved By A Surprising Producer

Today, October 24, marks the 10th anniversary of John Wick , the film that revitalized Keanu Reeves' career and arguably ranks among the greatest action movies of all time. But few knew how close ...

Tech - GameSpot - October 24

Is the UN warning of 3.1C global warming a surprise?

Another dire temperature prediction but it has to be seen in context.

Shocks and surprises covering House Republicans for The Hill

I knew things would get interesting when I accepted a job with The Hill covering House Republicans in the summer of 2014.

Politics - The Hill - October 24

Perplexity CEO ‘Surprised’ by Publishers’ Lawsuit Against Startup

Aravind Srinivas said he told Dow Jones and the New York Post in June that the AI company was open to discussions about using their content.

Business - Inc. - October 24

Lions WR Williams: PED ban 'complete surprise'

The NFL suspended Lions wide receiver Jameson Williams for two games for violating its PED policy.

Sports - ESPN - October 24

Could we see a Trump November Surprise?

Trump victories in North Carolina, Georgia and Pennsylvania could end the contest.

Politics - The Hill - October 25

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