The planned distribution of 20 billion Swiss francs to shareholders in the next three years prompted Fitch Ratings to lower Nestle SA's long-term and senior unsecured grade to A+ from AA-. The outlook was determined to be stable. The agency revealed on Tuesday that it sees net leverage adjusted...
A formal statement from the board of DuPont de Nemours Inc. issued on Monday marked the beginning of a $2 billion share buyback program and revealed the standalone company's finances. It told regulators another segment would be filed in a document this week. The stock repurchases were...
Pending regulatory clearance and an agreement with the government of the United Kingdom, Royal Bank of Scotland Group Plc will reduce the state's majority stake further from 62.3%. Other shareholders overwhelmingly backed the plan at a general meeting on Wednesday to distribute £1.5 billion of...
Standard Chartered Plc is preparing a share repurchase program, according to unofficial information picked up by the Financial Times. The report published on Thursday adds the plan is set to be unveiled at the end of February, when the bank is due to present its results for this year.
The news...
3M Company announced its board authorized the repurchase of up to $10 billion shares, without defining a closing date. The Minnesota-based manufacturer also declared a dividend on the company’s common stock of $1.36 per share for the fourth quarter of 2018.
"The strength of 3M’s...
Oil giant BHP announced plans to return $10.4 billion to its shareholders through a program combining an off-market buyback and a special dividend.
According to the press release, the company will start with an off-market buyback of $5.2 billion of BHP Billiton Limited shares, under which...
Starbucks Corporation announced on Friday it is currently executing a $5 billion accelerated share repurchase program (ASR) of its common stock with the help of two financial institutions. The effort is a part of the coffee shop chain's earlier disclosed plan to return $25 billion to shareholders in the...
The program for the repurchase of stocks worth $30 billion was mended by Qualcomm Inc., which said on Thursday that it initiated an accelerated scheme for a portion of $16 billion. The new agreements with Bank of America, Citibank and Morgan Stanley will include 178 million shares, while the...
Oracle Corp, the database and enterprise software powerhouse based in California's Redwood Shores, managed to slightly top analyst consensus in revenue and earnings, according to results released on Thursday for the three months through November. Oracle's second fiscal quarter saw turnover...
The Boeing Co. board of directors announced on Monday the quarterly dividend will increase 20% to $1.71 per share. In the past year, the airplane producer repurchased $9.2 billion worth of its shares from the $14 billion authorization. The new program replaces the existing one, bringing the total...
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