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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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NanoTech Entertainment, Inc. (NTEK: OTC Link) | NanoTech Entertainment (NTEK) Completes Buyback Of Twenty Five Percent Of Its Common Stock

Category : World News

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NanoTech Entertainment (NTEK) Completes Buyback Of Twenty Five Percent Of Its Common Stock

Completes Phase Two of Buyback Plan Significantly Reducing Overall Outstanding Shares

PR Newswire

LAS VEGAS, Feb. 1, 2013

LAS VEGAS, Feb. 1, 2013 /PRNewswire/ –

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IMF seeks Greek buyback success

Category : Business, World News

The International Monetary Fund says that Greece must successfully complete a buyback of its own debt to get its next round of bailout cash.

Link: IMF seeks Greek buyback success

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Abercrombie & Fitch ([[ANF]] +10.1%) soars after knocking out a relatively minor earning beat. Execs strike a conciliatory tone about strategy on the firm’s earnings CC (webcast), which may be helping to lift sentiment along with an increase in…

Category : Stocks

Abercrombie & Fitch (ANF +10.1%) soars after knocking out a relatively minor earning beat. Execs strike a conciliatory tone about strategy on the firm’s earnings CC (webcast), which may be helping to lift sentiment along with an increase in the firm’s buyback program. Post your comment!

Here is the original post: Abercrombie & Fitch ([[ANF]] +10.1%) soars after knocking out a relatively minor earning beat. Execs strike a conciliatory tone about strategy on the firm’s earnings CC (webcast), which may be helping to lift sentiment along with an increase in…

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More on Tim Cook: In response to a question about Apple’s (AAPL) product strategy, Cook replied, "We don’t have a religion about making one product." Last October, Cook said Apple is "not religious" about holding onto its cash….

Category : World News

More on Tim Cook: In response to a question about Apple’s (AAPL) product strategy, Cook replied, “We don’t have a religion about making one product.” Last October, Cook said Apple is “not religious” about holding onto its cash. That was five months before a dividend/stock buyback announcement arrived. Rumors are currently flying about the introduction of a smaller iPad. 1 comment!

Read the original here: More on Tim Cook: In response to a question about Apple’s (AAPL) product strategy, Cook replied, "We don’t have a religion about making one product." Last October, Cook said Apple is "not religious" about holding onto its cash….

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Ancestry.com, Akamai: After-Hours Trading

Category : Stocks

NEW YORK (TheStreet) — Shares of Ancestry.com rose in late trades Wednesday after the company handily beat Wall Street’s earnings expectations and agreed to acquire privately held Archives.com for $100 million.

The Provo, Utah-based company said its subscriber base stood at 1.87 million as of March 31, up 16% year-over-year, and announced a new $100 million buyback program as well.

For the first quarter, Ancestry.com said it earned $13.5 million, or 30 cents a share, on revenue of $108.5 million, besting the average estimate of analysts polled by Thomson Reuters for a profit of 23 cents a share on revenue of $107.4 million.

Click to view a price quote on ACOM.

Click to research the Internet industry.

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Deutsche Bank makes a couple of changes in its oil portfolio today, upgrading Exxon Mobil ([[XOM]] +0.3%) to Buy while downgrading shares of ConocoPhillips ([[COP]] -1.2%) to Hold. The firm says investors are focusing on cash return to shareholders,…

Category : Stocks, World News

Deutsche Bank makes a couple of changes in its oil portfolio today, upgrading Exxon Mobil (XOM +0.3%) to Buy while downgrading shares of ConocoPhillips (COP -1.2%) to Hold. The firm says investors are focusing on cash return to shareholders, and believes XOM could ramp up its dividend by 33% over the next year. On other the flipside, COP is likely to cut its share buyback forecast post-split. Post your comment!

See the original post here: Deutsche Bank makes a couple of changes in its oil portfolio today, upgrading Exxon Mobil ([[XOM]] +0.3%) to Buy while downgrading shares of ConocoPhillips ([[COP]] -1.2%) to Hold. The firm says investors are focusing on cash return to shareholders,…

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SAIC (SAI): S&P Intraday Gainer

Category : Business, Stocks

NEW YORK (TheStreet) — Technical services company SAIC was the best-performing stock in the S&P 500 Wednesday morning.

The S&P was down 0.97 points, or 0.07%, to 1,404.55.

Shares of SAIC rose 6.31% to $13.98. It declared a quarterly dividend of 12 cents a share on Tuesday and its board authorized a buyback program of 40 million shares.

Click to view a price quote on ^GSPC.

Original post: SAIC (SAI): S&P Intraday Gainer

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Apple shares cash pile as it launches dividend and share buyback scheme

Category : Business

Chief executive Tim Cook announces tech giant will pay first dividend since 1995 in quarterly stock offering of $2.65 a share

Apple has announced a plan to start handing back some of its cash hoard of almost $100bn to shareholders.

The company is to pay its first dividend to shareholders since 1995, three years before Apple started its record breaking run of new releases, which began with the iMac in 1998.

Tim Cook, the firm’s chief executive, said Apple would start paying a quarterly stock dividend of $2.65 a share beginning in July, and said Apple’s board had authorised a $10bn share buyback.

“We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure,” said Cook. “Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.”

During a conference call on Monday, less than two weeks after the launch of the latest iPad, Cook was pressed about future releases.

Cook refused to be drawn, but said that the decision to pay money back to shareholders would not alter Apple’s focus on innovation. “These decisions will not close any doors for us,” he said.

Apple is now the most valuable company in the world, with a market capitalisation of close to $546bn. Only six firms have ever been worth more than $500bn: Apple, Cisco, Exxon Mobil, General Electric, Intel and Microsoft.

At the end of December the company had been sitting on cash, cash equivalents and short-term and long-term marketable securities worth about $97.6bn.

Speculation about a dividend and share buyback had been mounting for some time. Some analysts had feared this would be a turning point for Apple and that its years of massive growth may be coming to an end. In the quarter running up to Christmas, Apple more than doubled its profits from the same period the year before, as sales of iPhones and iPads continued to soar.

Initial reaction to the announcement was subdued, with Apple’s share price rising just over 1.2% to $593.83 a share in morning trading.

Colin Gillis, an analyst at BGC Partners in New York, said the announcement was in line with expectations, but added that Apple now faced a period of intense competition as Amazon, Samsung and others looked to take market share in tablets.

Apple passed the $500bn mark at the end of February, and Gillis calculates that so far the six other firms to reach that mark have lasted 90 to 180 days above that level.

“The competition isn’t going to roll over, and they’ll compete on price,” said Gillis. Apple has traditionally charged a premium for its products.

But other analysts said Apple’s latest move would help it attract new shareholders more interested in gaining income from dividends. Stanley Wu, an analyst at Sterne Agee and Leach, said: “Long term, there are a great number of funds in the US that want yields, and this should help them expand their shareholder base.”

He said it would put further pressure on Google to start paying a dividend.

Apple rewards investors with dividend, share buyback – Reuters

Category : Stocks


CBC.ca
Apple rewards investors with dividend, share buyback
Reuters
By Poornima Gupta | SAN FRANCISCO (Reuters) – Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that
Apple Finds Best Place to Put Its Cash: Apple SharesBusinessWeek
Apple to Pay Dividend, Buy Back Stock to Return Some of CashBloomberg
Apple could shift perception of dividendsMarketWatch
TheStreet.com

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