Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge.
It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
Anheuser-Busch InBev is looking to repurchase Oriental Brewery Co from private equity companies KKR & Co and Affinity Equity Partners Ltd, according to sources interviewed by Bloomberg.
Apple bought back three times more share than expected.
Brazil's JBS SA has renewed its program to buy-back up to 10 percent of its common shares in circulation.
Stolt-Nielsen and Sungas were now the new co-owners of AGHL after Traspetrol used its call option to buy back its shares in the company.