News Summary

The board of directors of Lockheed Martin Corp

has authorized a new share buyback plan of about $3 billion. The company had repurchased around 169 million shares in the earlier program over the 8 years. Lorillard Inc

reported a rise of 17% in its Q3 net income. The company's net income came in at $1.81 per share. The company's sales surged by 10% y/ to $1.57 billion. However, the Wall Street analysts were expecting earnings at $1.65 per share. The US dollar dipped to hit its 15-year low against Japanese yen after the G-20 nations meeting. The dollar index lost about 0.69%. The dollar lost 1.0807% to ¥80.5600 against the Japanese yen. Read more