Campbell Soup Initiates $1.5 Billion Stock Buyback

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Campbell Soup (NYSE: CPB) is opening the corporate coffers to buy its own stock. The company announced that its board of directors has authorized a fresh share repurchase program for up to $1.5 billion in buybacks. The authorization kicks in on May 1, and has no expiration date (although Campbell Soup stressed that the program can be suspended or halted at any time).






Cisco Closes Its $3.7 Billion AppDynamics Purchase

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Tuesday was quite a day for Cisco (NASDAQ: CSCO) in its ongoing transformation from a legacy hardware giant into a cloud, data center and software analytics leader.  Chief Strategy Officer Hilton Romanski and execs from AppDynamics  rang the opening bell to get trading started on the Nasdaq exchange to celebrate the closing of Cisco’s $3.7 billion purchase of the analytics provider.






IBM Nears a $1.3 Billion Deal With Lloyds Banking

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According to a recent presentation from a Lloyds Banking Group (NYSE: LYG) union representative to employees, the U.K. banking giant is close to sealing a $1.3 billion deal that will outsource  many of its IT-related functions to IBM (NYSE: IBM). The deal is reportedly a seven-year arrangement  that will include transferring 1,961  Lloyds IT staff to IBM.