Buyback

(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the...

NEW YORK (Reuters) - The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency. Some...

NEW YORK (Reuters) - Global equity markets slipped on Friday over worries the U.S. Federal Reserve may curb a stimulus program that has lifted stocks, while the dollar recovered against the euro after better-than-expected U.S. durable goods data for...

May 24 (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500...

May 23 (Reuters) - General Electric Co is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said. "The capital...

LONDON, May 23 (Reuters) - A benchmark European equity index had its worst one-day fall in nearly a year on Thursday, hit by worries over a possible end to U.S. economic stimulus measures, with mining and auto stocks among the worst performers. The pan-...

Allstate Corp. investors voted down two shareholder proposals and approved the re-election of its board members at the Northbrook-based insurer's annual meeting. In preliminary results disclosed at the meeting, individual directors received 92 to 99...

NEW YORK, May 22 (Reuters) - Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the...

NEW YORK (Reuters) - Bill Gross, co-chief investment officer of bond giant PIMCO, said on Wednesday the U.S. Federal Reserve will likely begin tapering its monetary stimulus in September and that bond investors might have already anticipated the move. "I...

TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value....

(Reuters) - Pfizer Inc said on Wednesday it will spin off its majority stake in animal health business Zoetis Inc to shareholders by allowing them to swap Pfizer stock for Zoetis shares at a 7 percent discount. Pfizer, the largest U.S. drugmaker, sold...

May 21 (Reuters) - Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to prop up shareholder value in face of stiff competition from makers of less-costly generics....