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EMCOR Group Board Authorizes Addl. $500 Mln Share Repurchase Program
(RTTNews) - EMCOR Group, Inc. (EME) announced Friday that its Board of Directors has authorized an additional $500 million for the purchase of shares of its outstanding common stock under its existing share repurchase program.
The repurchases under the authorization will be funded by the Company's operations. The share repurchase program has no expiration date.
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EMCOR Group Guides FY23 Revenues Above Estimates; Boosts Dividend
While reporting financial results for the fourth quarter on Thursday, EMCOR Group, Inc. (EME) initiated its earnings and revenue guidance for the full-year 2023.
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Bay Street May Open On Weak Note
Canadian shares may open on a weak note Monday morning, tracking lower metal prices and European stocks. However, energy stocks may find support on higher oil prices, and help limit market's downside.
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Dollar Extends Losses Amidst Powell's Dovish Surprise
A markedly dovish tone in Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday weakened the Dollar, resulting in further losses for the currency during the week ended August 22.
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German Ifo Business Confidence Strongest Since 2024
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CAC 40 Down Nearly 0.6% In Cautious Trade
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DAX Modestly Lower As Investors Wait For Directional Clues
The German market is languishing in negative territory after a weak start on Monday as investors remain a bit reluctant to pick up stocks, choosing to wait for crucial inflation data from several major countries in Europe.
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Sensex, Nifty End Higher As IT Stocks Surge On Dovish Fed Boost
Indian shares ended modestly higher on Monday, with IT stocks leading the surge following dovish remarks from U.S. Federal Reserve Chair Jerome Powell.
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Antipodean Currencies Traded Higher Amid Risk-on Mood
The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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