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Stock Market & Financial Investment News

News Breaks
August 17, 2012
08:30 EDTSONCSonic announces new $40M share repurchase program
"Our franchise business model continues to generate significant free cash flow, and we believe the share repurchase program supports our objective to maximize shareholder value. The $30M share repurchase program we completed earlier this year has been accretive to earnings, and this new authorization will continue to add value for shareholders in fiscal 2013, said Clifford Hudson, Chairman and CEO.
News For SONC From The Last 14 Days
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September 16, 2014
16:07 EDTSONCSonic targets 50 to 60 new franchise drive-in openings in FY15
16:07 EDTSONCSonic sees FY15 free cash flow $65M-$75M
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16:06 EDTSONCSonic sees FY15 EPS growth at higher end of its long term 14%-20% EPS target
16:03 EDTSONCSonic sees FY15 positive SSS in low-single digit range
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September 5, 2014
06:33 EDTSONCHundreds arrested following protests over fast food wages, NY Times says
Nearly 500 protestors seeking a $15 per hour wage for fast food workers were arrested in sit-ins yesterday, organizers of the sit-ins told The New York Times. Some home care aides, recruited by the Service Employees International Union, jointed the protests, the newspaper stated. Fast food companies include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), and Sonic Corporation (SONC).Reference Link

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