TE Connectivity Approves Addl. $1.5 Bln Share Repurchase Program

RTTNews | 980 days ago
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

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.
RTTNews | 758 days ago
Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

Canadian Markets Remains In Negative Territory; Energy, Materials Shares Decline

After opening slightly up, the Canadian market tumbled into negative territory Friday morning as tariff threats and weak commodity prices, as well a few disappointing earnings updates prompted investors to press sales at several counters. Preliminary data showing a likely drop in retail sales in January is weighing as well.
RTTNews | 5h 16min ago
U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

U.S. Consumer Sentiment Plunges To Lowest Level Since November 2023

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by much more than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 64.7 from a preliminary reading of 67.8. Economists had expected the index to be unrevised.
RTTNews | 7h 31min ago
U.S. Existing Home Sales Pull Back Sharply In January

U.S. Existing Home Sales Pull Back Sharply In January

Existing home sales pulled back sharply in the month of January, according to a report released by the National Association of Realtors on Friday. NAR said existing home sales plunged by 4.9 percent to an annual rate of 4.08 million in January after surging by 2.9 percent to an upwardly revised rate of 4.29 million in December.
RTTNews | 7h 46min ago
Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Hikes Executive Bonuses To 200% Of Salaries, Excluding CEO

Meta Platforms, Inc. announced the approval of a hefty increase in bonuses of its select executive officers under the new executive bonus plan, excluding Chief Executive Officer Mark Zuckerberg. The news comes close on the heels of the tech major's recent announcement of significant growth in its fourth-quarter results and positive outlook, as well as the layoff of 5% of its overall workforce.
RTTNews | 8h 52min ago
Bay Street May Open With Slightly Negative Bias

Bay Street May Open With Slightly Negative Bias

Canadian shares may open with a negative bias Friday morning as energy and materials stocks are likely to be under some pressure due to lower commodity prices. Canadian retail sales data may provide some direction.
RTTNews | 9h 37min ago
Eurozone Private Sector Expands In February

Eurozone Private Sector Expands In February

The euro area private sector managed to grow for the second straight month in February with the deepening contraction in France being offset by a moderate rebound in Germany, flash data from the purchasing managers' survey by S&P Global showed on Friday.The flash composite output index remained unchanged at 50.2 in February. Economists had forecast the indicator to rise to 50.5.
RTTNews | 10h 4min ago