Industrials

Philip Morris Unleashes $18B Buyback Initiative

Philip Morris International revealed plans for an $18 billion stock buyback program on Wednesday as the tobacco company attempts to return cash to shareholders and breathe new life into its stock.

Report: Chesapeake Energy Nears $4B Pipeline Sale

Shares of Chesapeake Energy rallied about 3% after a report indicated the energy company is nearing a deal to unload pipelines to Global Infrastructure Partners for more than $4 billion.

Deere Appoints New CFO, Shakes Up Management

Deere announced a new chief financial officer and a slew of other senior management shakeups on Friday as the tractor maker readies to lose two of its top executives to retirement.

NBCU Absence Eats into GE's 1Q Profits

Missing the revenue from NBC Universal, earnings at General Electric retreated 12% during the first quarter but managed to still surpass Wall Street’s forecasts.

Loews 1Q Profit Tops Street as CNA Catastrophe Losses Fall

Loews posted weaker first-quarter profit that topped expectations, as smaller catastrophe losses and higher investment income at its largest subsidiary, CNA Financial, could not fully offset weaknesses in its oil and gas division.