buyback

Google Chairman Eric Schmidt to Sell 3.2 Million Shares

With Google's stock hovering at record highs, Executive Chairman Eric Schmidt plans to sell more than 40 percent of his stock in the Internet search leader this year. If he were to sell all that stock at Google's current price, Schmidt would realize a $2.5 billion windfall.

The Downside of Buybacks Plus Higher Dividends

Over the last three years, companies that boosted dividends or initiated stock buybacks -- both methods intended to raise price per share -- lost an average of more than 10% in stock price. But cash-hoarding companies that did both lost an average of more than 21%.

Countrywide's Errors Could Cost BofA Billions

Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America. If what one bank employee said on the stand proves to be accurate, paperwork problems it acquired when it purchased mortgage provider Countrywide could leave BofA on the hook for billions.