Planned debt buybacks not meant for periods of market stress, US Treasury official says
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury’s planned buyback of its outstanding securities next year is aimed at improving liquidity in the bond market, but it is unlikely to…
House Passes Bills To Deport Cop-Assaulting Migrants, Permits Police Gun Buybacks
House Passes Bills To Deport Cop-Assaulting Migrants, Permits Police Gun Buybacks Arjun Singh on May 18, 2023 The House of Representatives passed three measures aimed at supporting law enforcement officers on Thursday,…
Occidental to favor buybacks over funding direct air capture plants
By Sabrina Valle HOUSTON (Reuters) -Occidental Petroleum Corp on Wednesday said it will distribute any excess cash from high oil prices to shareholders instead of funding direct air capture (DAC) plants. The…
US unions call on railroads to halt buybacks, ditch lean operating model
By Amna Karimi (Reuters) – U.S. labor unions called on railroad operators to halt all stock buybacks until they improve safety and abandon their lean operating model, which regulators and shippers say…
Buffett’s Berkshire Hathaway speeds up stock buybacks
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy…
Citing ‘Outrageous’ Big Oil Profits, Biden Calls For Quadrupling Tax On ‘Corporate Stock Buybacks’
Citing ‘Outrageous’ Big Oil Profits, Biden Calls For Quadrupling Tax On ‘Corporate Stock Buybacks’ John Hugh DeMastri on February 7, 2023 President Joe Biden criticized Big Oil companies for using record profits…
Factbox-Biden’s State of the Union wishlist: new taxes on buybacks, billionaires
WASHINGTON (Reuters) – U.S. President Joe Biden will renew his calls for higher taxes on billionaires and corporate stock buybacks in his State of the Union address on Tuesday, as part of…
Factbox-U.S. stock buybacks so far in 2023: big money, fewer companies
NEW YORK (Reuters) – Corporate stock buybacks are offering investors a measure of excitement in what has been a gloomy earnings season. Chevron Corp late last month said it would triple its…
White House blasts Big Oil stock buybacks again as Chevron profits double
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of…
U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks
(Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on oil companies’ stock buybacks after Chevron Corp announced it would triple its…
Japan’s top venture capital firm yields to activist for massive buybacks
By Makiko Yamazaki TOKYO (Reuters) – Japan’s top venture capital firm JAFCO Group Co Ltd said on Friday it would buy back shares worth 42 billion yen ($301 million) through a tender…
Factbox-Bumper profits fuel surge in dividends, buybacks at oil firms
(Reuters) – Energy firms are using a chunk of their bumper quarterly profits from surging natural gas and fuel prices to reward shareholders with higher dividends and share buybacks. The top 25…
Canada to propose taxing corporate stock buybacks – source
By Steve Scherer OTTAWA (Reuters) – Canada will on Thursday propose a tax on corporate stock buybacks, a senior government source said, similar to a measure introduced by United States this year…
Major U.S. airlines in no rush to resume stock buybacks as ban ends
(Reuters) – Major U.S. airlines said on Monday they have no immediate plans to resume stock buybacks after a Congress-imposed ban expired last month, amid pressure from unions to boost worker pay…
Lawmakers, unions press U.S. airlines to hold off on stock buybacks
By David Shepardson (Reuters) – Labor unions and some U.S. lawmakers are pressing airlines not to resume stock buybacks after a COVID assistance prohibition expires this week. Representative Peter DeFazio, a Democrat…
HSBC eyes resuming buybacks in second half of 2023
By Lawrence White LONDON (Reuters) -HSBC is likely to resume share buybacks in the second half of next year, its Chief Financial Officer Ewen Stevenson said on Monday, as the bank looks…
Analysis-As bond prices swoon, U.S. banks may slow stock buybacks
By David Henry NEW YORK – Wall Street bankers have long talked about how higher interest rates will deliver additional revenue from loans and higher-yielding securities. Now that rates are rising, bankers…
U.S. buybacks seen at record highs ahead of earnings reports
By Noel Randewich (Reuters) – U.S. stock buybacks appear to be hitting new records as companies head into quarterly earnings season, even as some investors worry about the growing threat of inflation,…
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