Hundreds of high-powered firearms have been removed from Western Australian (WA) citizens following a “successful” government buyback scheme. This follows an announcement in February that saw the state government outlaw very high-powered firearms that were capable of shooting at long ranges and piercing armoured plating. In a July 7 statement, WA’s Minister for Police, Paul…
Protesters Push for Colorado Governor to Sign Executive Order Banning All Guns, Impose Mandatory Buyback
June 5, 2023
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buybackColoradoconstitutional rightsFeatured TopicsGovernor Jared PolisGun ControlPoliticsRegional & State NewsState NewsUS
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A group of gun control activists has gathered at the Colorado state capitol in Denver in a long-shot bid to convince Democratic Gov. Jared Polis to ban all guns in the state for at least 30 days. The group, known as Here 4 The Kids, organized an all-day sit-in with the stated goal of getting…
Chevron Boosts Share Buyback Program, Hikes US Spending
HOUSTON—Oil major Chevron Corp. on Tuesday expanded its share buyback program and laid out plans to add 750,000 barrels of oil and gas per day to its U.S. production on gains from the country’s shale basins and the Gulf of Mexico. U.S. oil companies have been moving more of their investments to the Americas to…
Fox Q2 Performance Falls Marginally Short of Street Expectations, Authorizes $4 Billion Buyback
Fox Corp. reported fourth-quarter FY22 revenue growth of 5 percent year-on-year to $3.03 billion, missing the consensus of $3.05 billion. Affiliate revenues increased 4 percent Y/Y to $1.73 billion with 2 percent growth in the Cable Network Programming segment and 7 percent growth in the Television segment. Advertising revenues increased 7 percent Y/Y to $1.06 billion, primarily…
Why Apple, Microsoft and Other Big Buyback Stocks Are Crushing the S&P 500’s Returns
Some long-term valuation models are projecting negative overall returns for the S&P 500 over the next decade. Analysts are expecting rising interest rates to weigh on earnings growth, so companies may start turning to more aggressive share buybacks to boost EPS. Deep Pockets In the third quarter of 2021, Apple Inc. led all S&P 500…
Gannett Launches Share Buyback up to $100 Million; Amends Credit Agreement
Gannett Co Inc.’s board authorized a share buyback of up to $100 million. Gannett’s existing five-year senior secured credit agreement will provide for an incremental term loan not exceeding $50 million and transition the interest rate base from LIBOR to Term SOFR due to regulatory requirements. The existing and incremental loans under the Credit Agreement will now…
Shell Pursues $7 Billion Buyback ‘At Pace’ Despite LNG Troubles
LONDON—Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell, the world’s largest trader of LNG, were down 0.32…
MagnaChip Ratifies $75 Million Share Buyback
MagnaChip Semiconductor Corp’s board approved a share buyback program of up to $75 million. MagnaChip forged an accelerated stock repurchase agreement with JPMorgan Chase Bank, National Association to repurchase an aggregate of $37.5 million of Magnachip’s common stock. MagnaChip held $276.3 million in cash and equivalents and generated $19.7 million in operating cash flow as of September 30. MagnaChip designs…
Adidas Launches New Share Buyback
BERLIN—Adidas plans to buy back up to 4 billion euros ($4.54 billion) of its shares by 2025 and will also return the majority of the cash proceeds from the sale of Reebok, it said on Thursday. The German sportswear company said it will cancel most of the shares repurchased during the program, which would reduce…
SoftBank Group to Buy Back Up to 14.6 Percent of Shares
November 8, 2021
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Asia & PacificBusiness & EconomyBusinesses in COVID-19buybackCompaniesEconomiesMarketsSharesSoftbankWorld
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TOKYO—SoftBank Group Corp. said on Monday it would buy back up to one trillion yen ($8.82 billion) of its own shares, or 14.6 percent of outstanding stock. The plan comes after the Japanese conglomerate completed a record 2.5 trillion yen buyback in May. ($1 = 113.3500 yen)
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