AOL, Covidien Announce Buybacks Thursday, August 11, 10:45 AM ET
AOL) said today its board of directors has approved a $250 million stock repurchase program.
The buyback program went into effect yesterday, and will continue over the next 12 months.
CEO Tim Armstrong said his company believes the stock repurchase makes sense for AOL and its shareholders as it continues to execute its strategy, and has confidence in its growth prospects.
Also today, Covidien (NYSE:
COV) announced a share buyback program worth $2 billion.
The producer of medical devices, pharmaceuticals and medical supplies said it will make the repurchases from time to time, depending on market conditions.
In its announcement, Covidien noted it returned more than $1 billion to shareholders via dividends and repurchases in the year ending June 2011.
For MarketNewsVideo.com, Iím Sayoko Murase.
Monday Sector Leaders: Cigarettes & Tobacco, Chemicals
Related symbols: UVV, MO, SIAL, FOE
Monday Sector Laggards: Non-Precious Metals & Non-Metallic Mining, Metals & Mining Stocks
Related symbols: MTL, AXX, MCP, SCOK
Friday Sector Leaders: Transportation Services, Cigarettes & Tobacco
Related symbols: GLOG, NVGS, AOI, UVV
Monday's ETF with Unusual Volume: IXUS
Related symbols: IXUS, BBRY, MT, DPW, MTL
Monday's ETF Movers: XLB, XME
Related symbols: SIAL, IP, MCP, ANR, XME, XLB
XHB, DZK: Big ETF Outflows
Related symbols: XHB, DZK, LOW, HD, EFA
Daily Dividend Report: MCD, TXN, WPC, IDA, ORCL, CAG, NLY, AGNC, OC
Related symbols: MCD, TXN, WPC, IDA, ORCL, CAG, NLY, AGNC, OC
Daily Dividend Report: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Related symbols: COV, KR, PWE, CVA, APA, MMC, STLD, CIM
Daily Dividend Report: DX, MA, BMY, USB, CLX, FE
Related symbols: DX, MA, BMY, USB, CLX, FE
Weekly Market Wrap: September 19, 2014
Related symbols: BABA, YHOO, RAD, ORCL, MMC, IRM, LPT, STLD
Weekly Market Wrap: September 12, 2014
Related symbols: S, BAC, EBAY, AAPL, YHOO, CL, TYC, PM, IP, AMAT
Weekly Market Wrap: September 5, 2014
Related symbols: BAC, AAPL, VALE, GILD, HES, AEO, EGAS, DOW, FDO
Week Ahead Market Report: September 22, 2014
Related symbols: BAC, YHOO, AAPL, BABA, VALE, BBBY, KBH, MU, BBRY
Week Ahead Market Report: September 15, 2014
Related symbols: BAC, YHOO, AAPL, NOK, AVNR, ADBE, LEN, CAG, ORCL
Week Ahead Market Report: September 8, 2014
Related symbols: BAC, YHOO, MSFT, AAPL, BKS, RH, KR, DRI
All videos » |
Stock market definitions »
AOL, Covidien Announce Buybacks
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.