Buyback

Two of the country's biggest financial firms agreed Thursday to buy back $17 billion in troubled fixed-income securities, ratcheting up pressure on the rest of the industry to bail out clients stuck with the investments. Citigroup Inc. and Merrill...

ACQUISITIONS Union Bank rejects bid by Mitsubishi UnionBanCal Corp. said Mitsubishi UFJ Financial Group Inc.'s $3-billion bid to buy the lender "substantially undervalues UnionBanCal." The $63-a-share offer "is not in the best interest of UnionBanCal'...

Exxon Mobil reported the fattest operating profit in U.S. corporate history yesterday but took a beating anyway - from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more. The world's largest publicly...

Microsoft Chief Executive Steve Ballmer is hoping to make it up to shareholders after the software maker's failed bid for yahoo. Microsoft stock has dropped 17% since February. Now, Microsoft plans to buyback as much as $20 billion dollars in stock. In...

Exxon Mobil reported the fattest operating profit in U.S. corporate history Thursday but took a beating anyway — from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more. The world's largest...

Q: Is there hope for Eastman Kodak Co.? It does finally seem to have some things going for it. F.C., via the Internet A: This famous name in photography has completed its transformation into a smaller digital-products and services company. Yet even...

Giant oil companies such as Exxon Mobil and ConocoPhillips are set to report what will probably be another round of eye-popping quarterly profits. Which raises the question: Just where is all that money going? The companies insist they're trying to...

Stock and options exchanges plan to seek an exemption for market makers to a rule aimed at preventing manipulation in shares of Fannie Mae, Freddie Mac and 17 Wall Street firms, three people familiar with the matter said. The Securities and Exchange...

Cablevision Systems Corp. said Tuesday it is considering options for its business that include a spin-off of at least one of the diversified cable operator's units. The Bethpage, N.Y., company said it may also buy back stock and pay a special dividend....

WCI Communities Inc., the homebuilder whose chairman is billionaire corporate raider Carl Icahn, filed for Chapter 11 bankruptcy protection after failing to obtain new financing and losing 90 percent of its value in the past year. Chief Executive Officer...

Exxon Mobil reported the fattest operating profit in U.S. corporate history Thursday, but it took a beating, anyway — from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more. The world's largest...

Eastman Kodak Co. said yesterday that it was buying back up to $1 billion, or about a quarter, of its outstanding stock, by tapping a $581 million tax refund and a cash surplus the picture-taking pioneer has amassed since selling its health-imaging...