DP World returns to full state ownership, takes on $8.1 billion debt
DUBAI (Reuters) – Dubai is to take full control of port operator DP World (DPW.DI) in a deal with a $13.9 billion valuation that will help the company at the…
SAP to return 1.5 billion euros to shareholders in 2020
FILE PHOTO: A man walks past a SAP logo during the company’s annual general meeting in Mannheim, Germany, May 15, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – German business software group…
Microsoft approves $40 billion share repurchase program
(Reuters) – Microsoft Corp (MSFT.O) said on Wednesday its board had approved a new share repurchase program of up to $40 billion and raised its quarterly dividend. The company’s shares…
Warren Buffett defends Kraft, says Wells Fargo made ‘big mistakes’
OMAHA, Neb. (Reuters) – Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at…
Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021
(Reuters) – Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its…
Sony stock jumps after first-ever share buyback announcement
TOKYO (Reuters) – Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors…
Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter
NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited…
Investors to get their say after Musk scuttles Tesla buyout
(Reuters) – Investors on Monday will render their verdict on Tesla Inc Chief Executive Elon Musk’s decision to abandon a proposed $72 billion buyout to take the luxury electric car…
Apple breaches $1 trillion stock market valuation
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) on Thursday became the first $1 trillion publicly listed U.S. company, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it…
Apple’s pricey iPhone X, subscriptions deliver earnings beat
(Reuters) – Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets on Tuesday, with subscriptions from App Store, Apple Music and iCloud…