U.S. Markets open in 49 mins

Companies Play It Safe amid Uncertain Economic Outlook

Mark O'Hara
Companies Play It Safe amid Uncertain Economic Outlook

Earlier this year, Goldman Sachs said US stock buyback authorizations could top $1 trillion this year, which would be the highest absolute level of buybacks since 2007. Recently, Alcoa (AA), the largest US-based aluminum producer, announced a $200 million share buyback. Other metals and mining companies including Vale (VALE) and BHP Billiton (BHP) have also announced share buybacks this year.