Tags: Buy back
Cree to restructure LED business, cuts revenue forecast
Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge.
Beyond earnings, buybacks to give market support
It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
Belgium's AB InBev to reacquire Oriental Brewery Co Ltd from KKR & Co, Affinity Equity Partners Ltd- sources
Anheuser-Busch InBev is looking to repurchase Oriental Brewery Co from private equity companies KKR & Co and Affinity Equity Partners Ltd, according to sources interviewed by Bloomberg.
Major Apple share buy back spree: 3x than expected
Apple bought back three times more share than expected. Apple recently had a major share buyback spree. The company bought back 36 million shares instead of the scheduled 10 million.