BNC Bancorp (BNCN) Authorizes Plan to Buyback $1 Million of Stock Jul 18, 2008 08:37AM

BNC Bancorp (Nasdaq: BNCN) announced that the Company's Board of Directors has authorized the repurchase of up to $1 million of its common stock under the existing stock repurchase plan adopted in May 2003. Under the terms of the stock repurchase plan, BNC Bancorp will be able to repurchase shares of its outstanding common stock in the open market or in privately negotiated transactions at appropriate times to allow it to enhance the value of its stock for its shareholders in concert with its ongoing emphasis on managing its capital position.

BNC Bancorp is the parent Company of Bank of North Carolina, a $1.2 billion commercial bank that provides a complete line of banking and financial services to individuals and businesses through full-service banking offices.
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Occidental Petroleum (OXY) Increases Stock Buyback Plan by 20 Million Shares Jul 18, 2008 07:18AM

Occidental Petroleum Corporation (NYSE: OXY) has authorized the repurchase of an additional 20 million shares of the company's common stock. This brings to 95 million the total number of shares authorized for repurchase since Oxy began the repurchase program in 2005.

Under the program, the company has already repurchased approximately 59.5 million shares through the end of the second quarter 2008. An additional 35.5 million shares may now be repurchased by the company from time to time in the open market or otherwise. The share repurchases will continue to be funded without borrowing and are subject to market conditions and other factors.[SM]


AptarGroup (ATR) Tops Q2 View; Guides Q3 Below the Street; Raises Qtr. Dividend 15% to $0.15 and Adds 4M Shares to Buyback Program Jul 17, 2008 05:04PM

AptarGroup (NYSE: ATR) reports Q2 EPS of $0.64, 1 cent better than the analyst estimate of $0.63. Revenues for the quarter were $551.3 million, versus the consensus of $546.04 million.

Sees Q3 EPS in the range of $0.55-$0.58, versus the consensus of $0.62.

The company's Board approved a 15% increase in its quarterly dividend from $0.13 to $0.15 per common share, payable on August 20 to shareholders of record on July 30.

Aptar also announced that its Board has approved the repurchase of up to an additional 4 million shares under its current buyback program.

AptarGroup, Inc. designs, manufactures, and sells consumer product dispensing systems for the personal care, fragrance/cosmetic, pharmaceutical, household, and food/beverage markets.


Finish Line (FINL) Reinstates and 20% Increase of Cash Dividend and the Authorizes Stock Buyback Program of Up To 5 Million Shares Jul 17, 2008 04:24PM

The Finish Line (Nasdaq: FINL) announced that its Board of Directors has reinstated the quarterly cash dividend program with a 20% increase to $0.03 per share of Class A and Class B common stock. The first quarterly cash dividend will be payable on September 15, 2008, to shareholders of record on August 29, 2008.

Finish Line also announced that its Board of Directors authorized a new stock repurchase program to repurchase up to 5 million shares of the Company's Class A common stock, or approximately 9% of the aggregate Class A and Class B common stock outstanding. Under the stock repurchase program, the Company may purchase shares through December 31, 2011. The Company believes that adoption of the repurchase program could be a viable use of excess cash. Such purchases, if any, will occur from time to time, as market conditions warrant and as the Company deems appropriate when judged against other alternative uses of cash.


Standard Parking (STAN) Announces $60 Million Increase in Stock Buyback Program, Increased $210 Million Senior Credit Facility Jul 17, 2008 04:20PM

Standard Parking Corporation (Nasdaq: STAN) announced that it has entered into an amended and restated senior credit agreement. The $210 million revolving facility, which has been provided by a group of six banks, represents a commitment increase of $75 million. The amended facility will mature five years from now, in July 2013.

Standard Parking also announced that its Board of Directors has approved a $60 million increase in its stock repurchase authorization. As of June 30, 2008, the Company had $10 million remaining under its authorization prior to the increase.


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