The move is aimed at keeping its earlier promise to shareholders that it would reward them. On Wednesday, Toshiba Corp stated, it would buyback its shares worth at least $6.3 billion (700 billion yen). Toshiba’s move comes in the wake… Read More ›
buyback
Berkshire Hathaway Inc increases stake in Apple Inc
Warren Buffet stated Berskshire has additionally bought 75 million Apple shares. In a move that marks Warren Buffett’s, CEO of Berkshire Hathaway Inc, aggressive designs on Apple inc, he told CNBC that in the first three months of 2018 Berkshire… Read More ›
Midst Elliot Management pressure Hyundai Motor cancels treasury shares worth $890 million
The measure is part of a wider scheme to boost shartholder’s returns. On Friday, in a development that marks its first share cancellation in fourteen years, Hyundai Motor stated it plans on canceling treasury shares worth $890 million (960 billion… Read More ›
Whirlpool divests its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion
The strategic divestiture is aimed at increasing its focus on its consumer business. On Tuesday, Whirlpool Corp, a U.S. home appliance maker, disclosed it has agreed to divest its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion. The… Read More ›
VW agrees to spend additional $1 billion to fix more of its 3.0 engine cars in the U.S
Volkswagen will buyback or fix another 80,000 3.0 litre diesel vehicles in the U.S for which it will spend 1, and up to 105,000 2.0 litre vehicles in Canada. In strategic efforts aimed at putting the emission cheating scandal behind… Read More ›
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