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).






The Odd Reason Synaptics Stock Plunged 8% Tuesday

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Though its stock price inched up Wednesday, Synaptics (NASDAQ: SYNA) shareholders took a beating on Tuesday for what appeared to be no valid reason. Turns out, one of its competitors in the fingerprint sensor market, Sweden-based Fingerprint Cards, recently announced it’s expecting a less than stellar quarter and year  due to “short-term challenges [that] are expected to continue in Q2.” One result of Fingerprint Cards’ lowered expectations was a nearly 8% stock price nosedive for Synaptics.






J. Jill Stock Slumps in First Day of Trading

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The market’s newest retail stock, J. Jill (NYSE: JILL) did not have an auspicious debut on the New York Stock Exchange. In the first day of trading after its IPO, the stock dipped to close almost 3% lower than its offer price of $13 per share. The women’s apparel purveyor was brought to market by its majority owner, private equity firm TowerBrook Capital Partners.






Aetna Doubles Its Dividend, Adds to Stock Buyback

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There are dividend raises, and there are dividend raises. Aetna’s (NYSE: AET) latest boost is a solid example of the latter; the health insurer has doubled its quarterly dividend to $0.50 per share from the previous $0.25. Additionally, the company’s board authorized the repurchase of up to $4 billion worth of stock, adding to the $1.1 billion remaining on its existing buyback program.