Connect to share and comment

Drugmaker Pfizer: Still trying to reward stockholders with buybacks, higher quarterly dividend

SHORT HILLS, N.J. - Pfizer Inc. CEO Ian Read says the drugmaker will keep working to boost shareholder value, with continuing stock buybacks and higher dividends. At Pfizer's annual meeting in Short Hills, N.J., the Viagra maker said it will pay a 26-cent second-quarter dividend. It raised the first-quarter dividend in December, from 24 to 26 cents a share. Read told attendees New York-based Pfizer returned nearly $23 billion to shareholders last year, through buybacks and dividends.

Nasdaq seeks upside from markets debate as profits rise

By John McCrank (Reuters) - Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group <NDAQ.O>, which reported higher earnings on Thursday. In "Flash Boys: A Wall Street Revolt," Lewis says that high-speed traders bilk billions from the financial system using ultra-fast telecommunications links, microwave towers and special access to exchanges to gain an edge over other traders.

European stocks close after upbeat earnings

European stock markets closed on an upbeat note on Thursday as traders reacted to a string of earnings updates, data pointing to further easing of eurozone economic strains, and fresh takeover speculation. Stock indices got a boost from well-received profits news from Apple and Facebook on Wednesday following the close of trading on Wall Street, analysts said, and New York markets were up on Thursday. Concern over the crisis in Ukraine however capped the optimism on financial and oil markets, and the euro eased slightly against the dollar over the escalating tensions.

Apple earnings, expanded buyback lead US stocks higher

Apple's shareholder-friendly measures including a stock split and an expanded buyback helped lead US shares higher in opening trade Thursday. Five minutes into trade, Apple shares rose nearly 8 percent, pulling the Nasdaq Composite up 40.42 (0.98 percent) to 4,167.38. The Dow Jones Industrial Average advanced 32.37 points (0.20 percent) to 16,534.02, while the broad-based S&P 500 gained 7.16 (0.38 percent) to 1,882.55.

Hanwha Chemical to raise US$340 mln via GDR sales

SEOUL, April 24 (Yonhap) -- Hanwha Chemical Co., a unit of South Korea's Hanwha Group, said Thursday it will raise US$340 million by selling its shares to overseas investors. The global depository receipts (GDRs), or certificates of stock ownership, were priced at $15.7 each, the company said. The GDRs represent some 216.56 million common stocks and will be listed on the Singapore Exchange on May 9, it said. Proceeds from the GDR sales will be used to improve its financial health by paying off debts from capital spending on the solar power sector, Hanwha Chemical said.

Hong Kong shares end 0.24% higher

Hong Kong shares closed 0.24 percent higher on Thursday following two days of losses and despite a sell-off on Wall Street. The benchmark Hang Seng Index ended up 53.16 points at 22,562.80 on turnover of HK$50.33 billion (US$6.49 billion). In China the benchmark Shanghai Composite Index fell 0.50 percent, or 10.35 points, to 2,057.03 on turnover of 64.4 billion yuan ($10.3 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.72 percent, or 7.62 points, to 1,057.31 on turnover of 76.8 billion yuan. dan/sm

Global stocks mostly higher, Tokyo shares down after trade deal not struck during Obama visit

TOKYO - Global shares were mixed with European shares getting an early boost Thursday, but stocks in Tokyo slipped after talks between Japan's prime minister and visiting President Barack Obama failed to finalize a trade agreement. Progress on the trans-Pacific pact would be a plus for giant Japanese exporters such as Toyota Motor Corp. Adding to the mixed view was Wall Street's fall overnight despite a solid earnings report from Apple Inc. that sent that issue higher.

Apple earmarks more cash for shareholders, prepares 7-for-1 stock split

Apple upstaged Wednesday's release of its fiscal second-quarter earnings by announcing plans to send more cash to its shareholders and split its stock for the first time in nine years. This is what Apple is doing: — The Cupertino, Calif., company will spend an additional $30 billion buying back its slumping stock through the end of next year. The commitment increases Apple's stock buyback program to $90 billion. Apple Inc. has invested about $46 billion in its stock since the program began in 2012.

Apple to boost share buyback and split stock

Apple on Wednesday said that it plans to buy back an additional $30 billion worth of shares and split its stock. The moves backed by the Apple board were announced as the California company reported a profit of $10.2 billion on $45.6 billion in revenue in the first three months of this year. The earnings figures came with Apple chief Tim Cook hinting that new products are on the way from the maker of iPhones, iPads, iPods, and Macintosh computers.

Ex-Nvidia manager settles U.S. SEC charges on illegal tips

By Emily Flitter and Sarah N. Lynch NEW YORK/WASHINGTON (Reuters) - A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of Wall Street analysts to make millions through illegal trades, the SEC announced on Wednesday.
Syndicate content