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KFC and Pizza Hut parent company Yum Brands said its board had approved a new $2 billion share buyback program over the next two years.
Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows.
Home-improvement retailers are in the spotlight as mortgage rates stay high
Netflix Inc. on Wednesday reported a big jump in demand for its streaming-with-ads plan, and it said it would broadcast more NFL Christmas Day games in the years ahead, as it tries to pull ahead of an industry navigating issues with cable cord-cutting and online consumption.
Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.