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Campbell's cuts annual forecasts as demand sags, shares slump by 5%
https://img.etimg.com/thumb/msid-129467596,width-1200,height-630,imgsize-87954,overlay-etmarkets/articleshow.jpg Campbell‘s Co on Wednesday cut its annual sales and profit forecasts, and suspended share repurchases, as the packaged food maker focuses on reducing debt while it tackles weak demand from macroeconomic uncertainty. Shares of the company tumbled about 8% in morning trading, touching…
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With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant Tron (TRX) up 14.7 percent, may flip XLMA $20 million TRX buyback could stir controversy…
1,000 bump stocks have been turned into Washington State Patrol as part of a recently implemented buyback program. The result has seen WSP rip through every penny of its $150,00 budget for the program in just a couple weeks.
The buyback program was put into place ahead of a national ban on bump stocks that kicks in Tuesday, March 26. Each bump stock turned in netted a check for $150. But now that the budget is exhausted, any that remain will have to be surrendered or destroyed.
“They will be illegal to manufacture, transport, or possess,” said WSP spokesman Chris Loftis. “People are expected to either destroy them, or to take them to any lawn enforcement office — federal, state, or local — and turn them in.”
The program — that ran March 17-18 and March 24-25 — was in response to a recently-passed bill in the state Senate.
SB 5954, sponsored by Senator Christine Rolfes (D-23rd Dist.) and signed by Gov. Jay Inslee, allowed Washington state residents to trade in up to five bump stocks for payment ahead of the federal ban.