buyback

Mizuho Raises Profit Forecast, Announces Share Buyback




buyback

Vodafone ups current share buyback to EUR 520 mln

(Telecompaper) Vodafone Group has increased the budget for its ongoing share buyback programme by EUR 20 million, to a total of EUR 520 million...




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RWE Plans €1.5 Billion Buyback as US Politics Cloud Investments




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Plans Underway for High-Capacity Magazine Buyback for Delaware Residents

DOVER, DE — In June 2022, Gov. Carney signed into law the Delaware Large-Capacity Magazine Prohibition Act of 2022 making the possession of high-capacity magazines illegal in the State. In addition, the law authorizes the Department of Safety and Homeland Security (DSHS) to conduct a limited buyback program during which Delaware residents are eligible to […]



  • Department of Safety and Homeland Security
  • News

buyback

State Announces High Capacity Magazine Buyback Events for Delaware Residents

In June 2022, Gov. Carney signed into law the Delaware Large Capacity Magazine Prohibition Act of 2022 making the possession of high capacity magazines illegal in the State. In addition, the law authorizes the Department of Safety and Homeland Security (DSHS) to conduct a limited buyback program. Delaware residents are eligible to receive fair market […]




buyback

Treasury stake in NatWest falls to 11.4% on £1bn shares buyback

NATWEST has moved to reduce the UK Government’s stake in the bank after buying back a significant tranche of shares from the Treasury in what it described as a “another important milestone”, it was announced this morning.




buyback

Adverse Selection and Moral Hazard in the Leasing Market: Are Buybacks the Solution? [electronic journal].




buyback

Implications of RBI’s securities buyback

It serves in smoothening out debt redemption of the government, and with it keeping the fiscal deficit and interest rates in check





buyback

Sprint's in-store phone buyback program

Sprint customers can get instant credit on their phone bills by recycling old phones at local stores.



  • Natural Beauty & Fashion

buyback

Desperate citrus growers forced to give up on crops as they wait for decision on water buyback

Citrus growers on the lower Darling River stare down an unprecedented disaster, with some being forced to abandon their crops as they wait for the Federal Government to agree to a water buyback.




buyback

Agriculture Department stands by water buybacks, amid claims of scandal and calls for an inquiry

The Agriculture Department is standing by a controversial water buyback deal worth $80 million, which Labor leader Bill Shorten says is a "scandal" worthy of inquiry.




buyback

Did Barnaby Joyce miss an opportunity to get a better deal on water buybacks?

A Murray-Darling Basin community leader says the former agriculture minister originally opposed water purchases as the Queensland Government suggests there was a better deal.




buyback

Apple borrows on the cheap to fund buybacks, dividends

Apple capitalized on the Federal Reserve's emergency measures in response to the coronavirus outbreak to issue its cheapest bonds in year




buyback

Stock buybacks: From retain-and reinvest to downsize-and-distribute


Stock buybacks are an important explanation for both the concentration of income among the richest households and the disappearance of middle-class employment opportunities in the United States over the past three decades. Over this period, corporate resource-allocation at many, if not most, major U.S. business corporations has transitioned from “retain-and-reinvest” to “downsize-and-distribute,” says William Lazonick in a new paper.


 

Under retain-and-reinvest, the corporation retains earnings and reinvests them in the productive capabilities embodied in its labor force. Under downsize-and-distribute, the corporation lays off experienced, and often more expensive, workers, and distributes corporate cash to shareholders. Lazonick’s research suggests that, with its downsize-and-distribute resource-allocation regime, the “buyback corporation” is in large part responsible for a national economy characterized by income inequity, employment instability, and diminished innovative capability.

Lazonick also challenges many of the notions associated with maximizing shareholder value, an ideology that has come to dominate corporate America. Lazonick calls for a decrease, or even a ban, in stock buybacks so companies will be able to use these funds to finance capital expenditures but more importantly to attract, train, retain, and motivate its career employees. And some of the funds made available by a buyback ban can even flow to the government, he argues, as tax revenues for investments in infrastructure and human knowledge that can underpin the next generation of innovation.  

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Authors

  • William Lazonick
Image Source: Toru Hanai / Reuters
     
 
 




buyback

Stock buybacks: We need a new litmus test after the bailouts

A government bailout of companies due to the coronavirus has led to criticism after a record decade of stock buybacks. Companies that can't manage cash flow deserve the attacks.




buyback

Long-term investment, the cost of capital and the dividend and buyback puzzle

The paper argues that interest rates are at extremely low levels to support banks, and the search for yield has pushed the liquidity driven speculative bubble from real estate, derivatives and structured products markets into the corporate debt market. Equities have rallied strongly too. This asset cycle is certainly helping banks reduce hidden losses on illiquid securities and could also help reduce the cost of equity.




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Wave of corporate defaults owes much to foolhardy share buybacks

Big investors must adopt a tougher stance on balance sheet resilience




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SoftBank: back to buybacks

Japanese tech group’s splurge on its own shares is not enough to impress investors




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Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

Warren Buffett may have sold his airline stakes and spent more than $20 billion on stock buybacks last quarter, Chris Bloomstran, head of Semper Augustus Investments, told Business Insider.The billionaire investor and Berkshire Hathaway boss probably hasn't bought many other stocks, and might struggle to strike bailout deals in the face of government aid and fierce competition, Bloomstran said.Berkshire wouldn't hesitate to splurge $100 billion on Buffett's long-awaited "elephant-sized acquisition.""They would absolutely do it if the right elephant came along," Bloomstran said.Visit Business Insider's homepage for more stories.Warren Buffett has been silent as stock markets roil and oil prices plunge, fueling speculation about what he's up to.The famed investor and Berkshire Hathaway boss




buyback

JustDial Board Gives Nod to Rs 220 Crore Buyback Proposal at Rs 700 Per Share

In its filing with the Bombay Stock Exchange (BSE), the company said that the board of directors of JustDial has given its nod to a buyback proposal worth maximum Rs 220 crore.