International Paper Increases Share Buyback Program by 2B, Slashes Quarterly Dividend
American pulp and paper company International Paper Company (IP) announced that its Board of Directors has increased the company’s share buyback program by $2 billion. This brings the total authorized share buyback to $3.3 billion, including the $1.3 billion remaining from the previous repurchase program. Shares closed flat at $55.74 on October 12. The company also mentioned that its Board has slashed its quarterly cash common dividend by 9.8% from $0.5125 to $0.4625 per share. The $0.05 per sha
UPDATE 2-Hasbro CEO Brian Goldner dies
Toymaker Hasbro Inc said on Tuesday longtime Chairman and Chief Executive Officer Brian Goldner has died, two days after he went on medical leave. In a statement last year, Goldner said he had been under continued medical treatment following his cancer diagnosis in 2014. Board member and former CEO of marketing firm InnerWorkings Inc, Rich Stoddart, has replaced Goldner on an interim basis.
Trillion-Dollar ESG Boom Is Punishing Old-School Energy Stocks
(Bloomberg) — The commodity rally may be the talk of Wall Street, but old-school energy producers are still lagging the oil price big time — a tell-tale sign the era of green investing is in full swing. Most Read from BloombergWhat Comes After GE’s 129 Years of Greenhouse GasHow France Turned the Humble Roundabout Into a Showcase for ArtWhat the Front Line of the U.S. Abortion Fight in Kentucky Looks Like NowArgentina’s 120-Year-Old Cattle Auction Is Leaving Buenos AiresU.S. oil and gas compan
Executive Deferred Compensation Plans
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
10 Biggest Price Target Changes For Wednesday
MKM Partners raised the price target on Continental Resources, Inc. (NYSE: CLR) from $47 to $54. Continental Resources shares fell 1.3% to $53.03 in pre-market trading. JMP Securities boosted the price target on Protagonist Therapeutics, Inc. (NASDAQ: PTGX) from $47 to $60. Protagonist Therapeutics shares rose 0.8% to $31.98 in pre-market trading. RBC Capital lifted HubSpot, Inc. (NYSE: HUBS) price target from $610 to $925. HubSpot shares rose 1.7% to $771.50 in pre-market trading. B of A Securi
‘Exceptional Unit Level Economics’: Analysts Initiate Coverage Of Dutch Bros Following Quiet Period
Dutch Bros Inc (NYSE: BROS) shares gained 15.7% on Monday, continuing the stock’s strong run following its September IPO. Dutch Bros is off to a hot start to life on the public market and has now more than doubled its $23 IPO price. In the second quarter of 2021, Dutch Bros reported $114 million in revenue, up 51% from a year ago. The company also turned a profit, a rarity for high-growth IPOs. In the second quarter, Dutch Bros reported $2.92 million in net income, up 10.6% year-over-year. As of
REFILE-COLUMN-Forget the 1970s, ‘stagflation’ playbook may be 2005: McGeever
With prices rising and economic growth slowing, many investors are looking to the past in a bid to divine where U.S. markets might be headed next. While the “stagflation” of the 1970s brings back memories, investors may want to revisit the mid-2000s instead. In both periods energy prices, inflation expectations and bond yields rose, alongside anemic growth and central banks moving toward tighter monetary policy.
Biden to Unveil Plan to Ease Supply-Chain Problems
U.S. President Joe Biden will unveil a plan to ease the supply-chain problems that are weighing on the economic recovery and may threaten the holiday season, according to a senior White House official. Biden will meet Wednesday afternoon with executives from the ports of Long Beach and Los Angeles as well as Walmart (ticker: WMT), FedEx (FDX), UPS (UPS), Target (TGT), and union representatives and industry lobbies. The ports will run round-the-clock operations, and the International Longshore and Warehouse Union has indicated that its members accept working extra shifts.