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TE Connectivity Approves Addl. $1.5 Bln Share Repurchase Program
(RTTNews) - Industrial technology firm TE Connectivity Ltd. (TEL) announced Friday that its board of directors has authorized an increase in its share repurchase program by an additional $1.5 billion.
The company said any repurchases by it will be made in accordance with applicable securities laws in the open market or in private transactions. The repurchase program is subject to business and market conditions, and may be commenced, suspended or discontinued at any time or from time to time without prior notice.
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TE Connectivity Guides Q2 Below Estimates - Quick Facts
While reporting financial results for the first quarter on Wednesday, industrial technology firm TE Connectivity Ltd. (TEL) provided earnings, adjusted earnings and sales outlook for the second quarter, below analysts' expectations.
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1323 days ago
Australian Market Extends Early Losses In Mid-market
The Australian market is extending its early losses in mid-market moves on Thursday, adding to the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in across most sectors led by financial and technology stocks.
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1h 12min ago
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Thursday, following the broadly negative cues from Wall Street overnight, as surging crude oil prices weighed on investor sentiment and raised concerns over global inflation risks and the outlook for interest rates amid escalating US-Iran tensions and growing concerns over disruptions to Middle East energy supplies. Asian markets closed mixed on Wednesday.
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1h 31min ago
Indian Shares Set To Follow Global Peers Lower
Indian shares may follow global peers lower on Thursday as the Middle East conflict showed no signs of easing.
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1h 55min ago
Lower Open Called For Thai Stock Market
The Thai stock market on Wednesday ended the four-day winning streak in which it had gained almost 50 points or 3.1 percent. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Thursday.
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2h 35min ago
Japanese Market Sharply Lower
The Japanese market is trading sharply lower on Thursday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is well below the 64,400 level, with weakness in index heavyweights and technology stocks partially offset by gains in financial stocks.
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3h 3min ago
Indonesia Stock Market May Open In The Red
The Indonesia stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had given up almost 50 points or 0.8 percent. The Jakarta Composite Index now rests just beneath the 6,680-point plateau and it may continued selling pressure on Thursday.
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3h 5min ago
Hong Kong Stock Market May See Continued Consolidation
The Hong Kong stock market has moved lower in consecutive trading days, sliding more than 330 points or 1.3 percent along the way. The Hang Seg Index now sits just beneath the 25,275-point plateau and it's likely to extend its losses on Thursday.
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3h 20min ago
