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Tellabs announces $600 million share repurchase in wake of CEO departure

Tellabs (NASDAQ: TLAB) announced an increase of $600 million for the company’s common stock repurchase program, in addition to a remaining $176 million under a repurchase program authorized in July 2006. Together, the authorizations cover about 22% of Tellabs shares outstanding. Since 2005, Tellabs has repurchased 50.9 million shares at a cost of $513.9 million (about [...]

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Boeing Board Approves New $7 Billion Share Repurchase

The Boeing Company (NYSE: BA) board approved a new repurchase plan for up to $7 billion of common stock. Boeing has bought approximately $8 billion of its stock since resuming repurchases during 2004. This new plan follows the $3 billion buy back that the board approved in August 2006. The company is nearing completion of [...]

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Sherwin Williams Expands Buyback Program

The Sherwin-Williams Company (NYSE:SHW) authorized a new program to purchase 30 million shares, replacing the existing program. The company provided no details on timing or funding of the program. Founded in 1866, The Sherwin-Williams Company is a world leader in the manufacture, development, distribution and sale of coatings and related products to professional, industrial, commercial and retail [...]

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Hartmarx Announces New 3 Million Share Repurchase Program

Hartmarx Corporation (NYSE:HMX) announced a new share repurchase program to acquire up to 3 million of the Company’s common shares. Repurchases will be made from time-to-time in the open market or in privately negotiated transactions based on prevailing market conditions and other factors. This authorization is in addition to the 2 million shares repurchase authorization [...]

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UnitedHealth Group projects $7B stock buyback through 2008

UnitedHealth Group (NYSE:UNH) announced completion of the repurchase of $2 billion of stock in the third quarter and projected an additional $7 billion share repurchase through fourth quarter 2007 and 2008. UnitedHealth Group is a diversified health and well-being company dedicated to making health care work better. ### PAYOUT YIELD ANALYSIS The $7 billion repurchase projection, [...]

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Worthington Industries Announces 10 million Share Repurchase

Worthington Industries, Inc. (NYSE:WOR) will repurchase of up to an additional ten million of its outstanding common shares. A prior authorization to repurchase ten million shares dated June 13, 2005, has 1.4 million shares remaining.  No timetable was established for the new repurchase. Worthington Industries is a leading diversified metal processing company with annual sales of [...]

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Chevron Announces $15 Billion Share Repurchase Program

Chevron Corporation (NYSE: CVX) announced today that its Board of Directors approved a program to acquire up to $15 billion of the company’s common stock over a period of up to three years. This program follows three stock repurchase programs of $5 billion each that were completed in 2005, 2006 and September 2007. No set [...]

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Air Products Adds $1 Billion to Share Repurchase Programs

Air Products (NYSE: APD) has authorized the repurchase of up to $1 billion of its common stock. The latest action is in addition to an existing $1.5 billion share repurchase program announced in March 2006. The company has repurchased more than $1 billion under its existing $1.5 billion plan. Last week, the Board of Directors [...]

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TI to Repurchase Additional $5 Billion in Stock, Increase Dividend 25 Percent

Texas Instruments (NYSE: TXN) announced the repurchase of an additional $5 billion of its common stock. Additionally, the company plans to raise its quarterly cash dividend 25 percent to $0.10 per share. This most recent action brings the Board’s total stock repurchase authorization since September 2004 to $20 billion. Today’s announced authorization is in addition [...]

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CBRL Group Ups Dividend, Plans Buyback

CBRL Group Inc. (Nasdaq: CBRL), operator of Cracker Barrel Old Country Store restaurants, said Thursday its board increased the company’s quarterly dividend by 29 percent to 18 cents per share, from 14 cents previously. The dividend is payable on Nov. 5 to shareholders of record on Oct. 19. The company also said its board approved [...]

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