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Share Repurchases

BUSINESS
October 24, 1986 | From Reuters
Lear Siegler, a diversified Santa Monica company known for making small airplanes, announced plans to restructure Thursday, refueling takeover speculation and sending its stock price flying. The stock climbed $8 a share to close at $75 and was the second most active issue on the New York Stock Exchange as 2.14 million shares traded. A Lear Siegler spokesman said: "We know of no takeover threat at this time."
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BUSINESS
October 9, 2007 | From the Associated Press
louisville, ky. -- Fast-food giant Yum Brands Inc. said Monday that its third-quarter profit rose 17% on the strength of surging sales in its international and China divisions that offset sluggishness in the United States, led by slumping Taco Bell. The operator of KFC, Taco Bell and Pizza Hut reported 28% profit growth in its China division and 21% growth in its international division for the three months ended Sept. 8. Yum's U.S. operation had a scant 1% profit growth for the period.
BUSINESS
April 23, 2014 | By Chris O'Brien
After weeks of anxiety among investors over Apple Inc.'s fiscal second-quarter results, the company delivered a one-two punch of good news Wednesday that sent its stock soaring. First, Apple posted revenue for the three months ending in March that beat both Wall Street's projections and its own guidance. And second, the company said it was expanding its record stock buyback and dividend plan to $130 billion from $105 billion. "We are announcing a significant increase to our capital return program," Apple Chief Executive Tim Cook said in a statement.
BUSINESS
April 23, 2013 | By Andrea Chang
Apple released its second-quarter earnings Tuesday, but investors were more excited by the company's eye-popping $60-billion stock buyback. The buyback goes down as the largest share repurchase in history, funded by Apple's massive cash hoard, which currently stands at about $145 billion. Apple also announced that its board of directors had approved a 15% increase in the company's quarterly dividend and has declared a dividend of $3.05 per common share, payable May 16, to shareholders of record as of the close of business May 13. "We are very fortunate to be in a position to more than double the size of the capital return program we announced last year," Chief Executive Tim Cook said.
BUSINESS
April 24, 2003 | Ronald D. White, Times Staff Writer
WellPoint Health Networks Inc. said Wednesday that its first-quarter profit jumped 37%, exceeding analyst forecasts, in part because of strong enrollment of new members in California. WellPoint posted first-quarter net income of $193.1 million, or $1.29 a share, up from $141.1 million, or 97 cents, a year earlier. The earnings beat Wall Street's average forecast of $1.20 a share, according to a poll by Thomson First Call. WellPoint's revenue rose 23% to $4.8 billion in the period, up from $3.
BUSINESS
September 23, 2000 | From Reuters
Hewlett-Packard Co., the world's No. 3 computer maker, said Friday that Chief Executive and President Carly Fiorina has added the post of chairman, becoming the first woman to hold all three top jobs at a major technology company. Hewlett also announced a $1-billion stock buyback, said it was comfortable with analysts' consensus fiscal fourth-quarter earnings estimate of $1.03 a share and expressed confidence that it would meet revenue growth targets of 15%. Hewlett's shares jumped $9.
BUSINESS
March 17, 2006 | From Bloomberg News
Barnes & Noble Inc., the largest U.S. bookseller, said Thursday that fourth-quarter earnings rose 6.4% on strong holiday sales. Profit at rival Borders Group Inc. fell 3% because of discounts. Net income at Barnes & Noble increased to $123 million, or $1.76 a share. Fourth-quarter earnings at Borders, the second-largest U.S. book retailer, declined to $119.1 million. Borders per-share profit climbed to $1.78 on share repurchases.
BUSINESS
January 30, 2003 | Richard Verrier, Times Staff Writer
Vivendi Universal's board on Wednesday named three outside directors and announced a new set of corporate governance rules in a further effort to bolster investor confidence in the French media giant. The board also discussed alternatives for the future of the company's U.S. entertainment group, including floating the entertainment assets in a public offering or selling the businesses outright.
BUSINESS
May 3, 2000 | From Reuters
PacifiCare Health Systems Inc. said Tuesday its first-quarter operating earnings rose slightly amid higher premiums and membership, while a 20% stock buyback lifted earnings per share. Based on shares outstanding, the company's earnings rose 21%, well ahead of Wall Street forecasts, but an uptick in the managed-care provider's medical costs sounded warning bells with some analysts. Santa Ana-based PacifiCare, the largest U.S.
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