Hoursr in hal af an time. 4sbcs First Quarter hit 5. 9 billion. It will contemplate share buybacks as and when appropriate. Anna edwards spoke with the banks cfo and asked whether 2017 will be the end of revenue decline. I have to say id be a happy man if i could close out 2017 right now. Revenued to see 4 growth over the course of 2017 and notwithstanding a very good start in the First Quarter. That is the guidance we are holding as we move into discussions with investors. Anna can i ask you about share buybacks . Were were some that disappointed to not see another. Last summer he talked, you said the ratio target of 12 . If youre about that you will contemplate returning cash. You are well above that. Why no cash right now . We have just finished a 1 billion buyback on the 12th of april. When you add to what we did last year, that is 3. 5 billion. I would not encourage investors to think we are going to do buybacks every quarter. Were very happy at 14. 4 . As we said, the happier las
Nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of the year, and the other more accommodative half basically said not so fast. Lets see what the data say. Here is what ben bernanke had to say on that tonight. Both sides of our mandate, both the employment side and the inflation side are saying that we n
Nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of the year, and the other more accommodative half basically said not so fast. Lets see what the data say. Here is what ben bernanke had to say on that tonight. Both sides of our mandate, both the employment side and the inflation side are saying that we n
Technology. Back to school, yes, its july and yes, retailers are starting their sales on notebooks and pens and with good reason. We have that and more tonight on nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of the year, and the other more accommodative half basically said not so fast. Lets see what
Mega deals get done, well take you there and tell you what is being discussed by media and technology. Back to school, yes, its july and yes, retailers are starting their sales on notebooks and pens and with good reason. We have that and more tonight on nightly Business Report for wednesday, july 10th. Good evening everyone. A very busy news day, especially late in the day. If you thought the markets fascination with the Federal Reserve and chairman ben bernanke was over, you thought wrong. Tonight speaking to economists in massachusetts he says the economy still needs help and the data show the feds current accommodative policy is needed for the foreseeable feature. On that news, bonds and sock futures rose and the dollar fell and the market twitched slightlierlier in the day when the fed released minutes from the june meeting. Those records show a much more sharply divided fed than previously thought, about half the officials thought the fed could end its bond purchases by the end of