said its board authorized an increase in its quarterly dividend by 3 cents to 25 cents a share and also approved a $1.6 billion stock buyback.
The new dividend is payable on Oct. 1 to stockholders of record Sept. 14. Shares of the New York-based media company were up 3 cents at $31.54.
rose after the electric utility raised its forecast and said its board cleared a plan to buy back up to $1.25 billion of stock.
The Chicago-based company is now predicting adjusted earnings for 2007 of $4.15 to $4.30 a share. Previously, it expected $4 to $4.30. Exelon reaffirmed its GAAP earnings guidance of $3.70 to $4 a share. Exelon was up 4% at $73.53.
Shares of agricultural-equipment maker
were increasing following a price target change by Credit Suisse. The firm raised its target on Moline, Ill.-based Deere by $19 to $160.
Deere was rising 2.9% to $139.94.
MEMC Electronic Materials
saw its stock fall after the company brought down its third-quarter revenue outlook, citing in part a recent construction mishap at its Pasadena, Texas, facility. The plant has lost about one week's worth of output.
The St. Peters, Mo., company, a maker of wafers and related intermediate products for the semiconductor and solar industries, said revenue will probably be about 5% below the previously targeted level of $500 million. Shares of MEMC were down 3.6% at $59.23.