8.86%C 6.45 22.20%F 2.55 5.20%
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WESTPORT, Conn. - Construction equipment maker Terex Corp. said Tuesday its board of directors approved an additional $500 million for a stock buyback program.
| TEX | 11.71 |  -2.55 |
The move boosts the total authorization to $1.2 billion, of which Terex has already repurchased $362 million worth of stock. The program expires June 30, 2009.
As of April 30, the company had about 100.9 million common shares outstanding.
Shares of Terex rose 54 cents to $43.20 in after-hours trading after falling 90 cents, or 2.1 percent, to close at $42.66 during the regular trading session. The stock hit a 52-week low of $41.55 Tuesday, down 57 percent from its peak of $96.94 a year ago.
Major U.S. stock indexes slumped further south midday Monday, further extending this morning's hefty losses which erased last week's f...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
African Eagle Resources has raised its stake in the Mokambo joint venture to 87% and says 2008 drill results were "promising".
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