The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
Category: Stock Buybacks
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Trump Seeks New Powers to Pressure ‘Underperforming’ Weapons Makers
In an executive order, President Trump is aiming to punish defense contractors that don’t deliver weapons quickly enough.
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Demystifying the Trillion Dollar Debate Over Share Buybacks
The White House is at odds with business leaders over share repurchase programs. DealBook digs into the numbers to see who’s gaining from the practice.
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Berkshire Hathaway Reports Major Investment Losses in 2022
After a $22.8 billion loss, Warren Buffett called the figure “100 percent misleading” and urged shareholders to focus on his empire’s overall health.
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The New York Times Company Reports 11% Rise in Revenue
The company said it added more than a million digital subscribers in 2022, bringing its total number of paying subscribers to 9.6 million.
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Treasury Department Outlines Rules for New Corporate Taxes
The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.
