Corning Announces $1.25 Billion Accelerated Share Repurchase
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Fitch Cuts Corning (GLW) to 'BBB+' Amid New Capital Allocation Strategy
October 29, 2015 2:08 PM EDTFitch Ratings has downgraded Corning Incorporated's (Corning) (NYSE: GLW) long-term ratings, including the long-term Issuer Default Rating (IDR), to 'BBB+' from 'A-'. Fitch affirms the short-term IDR and Commercial Paper (CP) rating at 'F2'. The rating actions affect $7.3 billion of debt including the $2 billion revolving credit facility (RCF). The Rating Outlook is Stable.
KEY RATING DRIVERS
The ratings and Outlook reflect Corning's updated capital allocation strategy, under which the company will increase target total leverage (total debt to operating EBITDA) to 2 times (x) from a Fitch estimated 1.8x for the latest 12... More
Corning (GLW) Enters $1.25B Accelerated Stock Buyback Plan
October 29, 2015 7:51 AM EDTCorning (NYSE: GLW) announced that it has entered into an accelerated share repurchase agreement (ASR) with Morgan Stanley & Co. LLC to repurchase $1.25 billion of the company's common stock. The ASR is executed pursuant to the $2 billion share repurchase program authorized by Corning's Board of Directors... More
