Nike Inc. (NYSE: NKE) has decided to jump on the stock buyback bandwagon this morning. The footwear and sports apparel and equipment maker has just announced it would repurchase up to $5 billion in common stock over the next four years. This plan will begin upon the completion of its existing $3 billion share buyback plan. Nike has repurchased roughly $5.5 billion in stock over the last 10 years.
Nike shares are up over 2% pre-market at $65.20. Its 52-week trading range is $51.50 to $70.60.
Jon C. Ogg
September 22, 2008
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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