Smart medicine . Neither or both. All of this and more on nightly Business Report for this may 28th 2014. Good evening, everyone, mcdonalds served up a big happy meal for shareholders today. It announce d a 20 billion package of stock buybacks and dividends by the year 2016. Now, this new plan could give investors 20 more cash than they received during the last three years. The higher return comes at a time of weak Company Growth at the Fast Food Company as u. S. Sales have continued to be disappointing. But despite the news, shares at mcdonalds still slipped a percentage. Mcdonalds and much of Corporate America have a big appetite for buybacks and so far this year the stock repurchases are at lofty levels. Some wall street pros believe they have propped up the market, is that true and what does it mean for investors . Dominic chu reports. Reporter according to S P Dow Jones industry analyst, the s p 500 companies are already reporting 107 billion in purchases during the First Quarter
All of this and more on nightly Business Report for this may 28th 2014. Good evening, everyone, mcdonalds served up a big happy meal for shareholders today. It announce d a 20 billion package of stock buybacks and dividends by the year 2016. Now, this new plan could give investors 20 more cash than they received during the last three years. The higher return comes at a time of weak Company Growth at the Fast Food Company as u. S. Sales have continued to be disappointing. But despite the news, shares at mcdonalds still slipped a percentage. Mcdonalds and much of Corporate America have a big appetite for buybacks and so far this year the stock repurchases are at lofty levels. Some wall street pros believe they have propped up the market, is that true and what does it mean for investors . Dominic chu reports. Reporter according to S P Dow Jones industry analyst, the s p 500 companies are already reporting 107 billion in purchases during the First Quarter of 2013. And the numbers are still
You can see were about two points, a little less than that, above that number right now. I know well be watching for the next hour. Yes, we will. Thats for sure. An hour from now, all eyes will switch to another batch of key earnings. Take a look who were hearing from, facebook, at t, qualcomm, all out with their numbers. And our Julia Boorstin will be speaking with facebooks chief operating officer Sheryl Sandberg immediately after the earnings are released. Stay tuned to find out what she has to say. Leaning in with Sheryl Sandberg, coming up. Another twist in Rupert Murdochs efforts to buy time warner. We now may know just how high hes willing to go to win the bidding and reshape his media empire. Or do we . Could murdoch just be posturing . He named a number today. We have david faber with a brand new detail coming up on that in just a few minutes. Yeah, shares of that company, by the way, have been under pressure today. Yep. Heres where we stand across the Broader Markets. Moving
A senator madam president . The presiding officer the senator from new jersey. Mr. Booker i would like to request that the quorum call be ended. The presiding officer without objection. Mr. Booker thank you very much. Madam president , i rise today to urge support for a successful Veterans Health care program that will be extended if we pass this bipartisan package of Veterans Affairs reforms. My colleague across the aisle, senator heller, and i have joined together to introduce legislation to extend the assisted Living Program for veterans with traumatic brain injury, or altbi, and give it the kind of support veterans with these severe brain injuries deserve. Im grateful for the leadership of senator heller, his partnership on this very important, critical issue. Im proud to work with him and i am hopeful that all of our colleagues will join together to pass the bipartisan package of v. A. Reforms which now includes our legislation. I want to thank senators sanders, Ranking Member bur
Is one to be perfect. Its going to be a great one into the stadium and enjoy the peninsula. For temperatures right now on the upper 50s and low 60s. Montana shows as those clouds. Blue sky at the sky as we will get to later on this afternoon. We concede overcast conditions here in you concede this bay area wide. The inland valleys the warmer spots will be close to the 90 degree mark. Yesterday we saw canful of locations that guide to 90. Today it will be a degree or to cooler. george weve been tracking a hot spot on the e sure freeway and pushed the drive time on interstate 80 up to about twice of what it would normally be on this friday morning. Benson a. Gilman is likely and two of the left and lanes. As the currency this is slow going no as to come down to a highway for with a 37 minute drive time it will otherwise be a 19 to 20 minutes drive because traffic has been so light. Because it is so heavy on the e sure freeway look at the bay bridge toll plaza. There is no backup or no de