2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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OMAHA, Neb. - Food maker ConAgra Foods Inc. said Tuesday it will begin an accelerated share repurchase program worth $900 million.
| CAG | 13.8 |  -0.19 |
The maker of Healthy Choice, Hunts and other consumer brands will fund the repurchase program with part of the proceeds from its recent sale of its trading and merchandising segment.
The accelerated stock repurchase will be completed under separate agreements with Merrill Lynch and Bank of America.
The company will pay $450 million to each bank for shares of ConAgra stock.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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