Humana rallied after it announced a $2 billion share buyback program that extends through December 2016. This replaces a previous $1 billion program. Shares jumped more than 3.5 percent to $132.37.
Shares of SodaStream fizzed on a rumor that it’s in talks with a buyer. An Israeli newspaper reported that a British investment fund is discussing a possible purchase of SodaStream for a price that could total $40 a share. That news pushed up shares almost one percent to $31.79.
Sears has tried closing stores and spinning off assets to fix its finances, now the company’s CEO is coming to the rescue. The department store owner has borrowed $400 million from its chief’s hedge fund, in an effort to infuse cash into Sears for the holiday season. Shares tumbled almost 9.5 percent to $30.37.
UPS says its plans to hire up to 95,000 seasonal workers for the holidays. This is an increase from last year when it was caught unprepared for a boom in online ordering. Shares were up slightly to $97.96.
FedEx is hiking shipping rates for express, ground and freight services. The increase of about five percent will go into effect in January 2015. Shares were up slightly to $154.66.