GE Increases Share Purchase Authorization and 2 Dow Movers Seeing Action Today

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General Electric Company’s (NYSE:GE) board upped the ongoing share buyback authorization by $10 billion and extended the repurchase plan through 2015, which would have expired on December 31st. As of the end of the third quarter, the plan had around $4.9 billion in remaining authorization.

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JPMorgan Chase & Co. (NYSE:JPM) is employing the type of “big data” mining tech utilized in counter-terrorism through which to identify potential fraud risk among its traders and to deal with other business problems as well, according to The  Financial Times. Chief Information Officer Guy Chiarello said that the bank was using the tech in a couple of dozen projects that promised to have a important effect on its business.

The Coca-Cola Company (NYSE:KO) and Coca-Cola FEMSA (NYSE:KOF) agree that Coca-Cola FEMSA can purchase 51 percent of Coca-Cola Bottlers Philippines in an all-cash transaction of $688.5 million. This price represents a total enterprise value for 100 percent of the bottler at $1.35 billion, resulting in a 2012 projected EBITDA multiple of about 13.5 times. Through the terms, Coca-Cola FEMSA has an option to purchase the remaining 49 percent of CCBPI at any time during the seven years subsequent to the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six. The transaction should close in early 2013.

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