Wall Street to open flat after data; oil pares losses
Wall Street was set to open little changed on Friday, the last trading day of the quarter, as oil prices pared losses and investors assessed a set of key economic data.
Microsoft Corp (MSFT.O) on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase programme.
The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter.
The technology giant last raised its dividend in September last year.
The new buyback programme has no expiration date and may be terminated at any time, the company said on Tuesday.
The company also said it was on track to complete its current $40 billion stock repurchase programme by Dec. 31.
Microsoft's shares were up 1 percent at $57.41 in extended trading on Tuesday.
(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)
BENGALURU/MUMBAI A drop in gold prices prompted consumers to buy the precious metal, ahead of festivals in India, the wedding season and China's long National Day holidays, boosting demand in Asia.
NEW YORK Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday.