Lam Research said its board approved a new share repurchase program of up to $10 billion of the company's common stock. The new buyback supplements the remaining balances from any prior authorizations. Lam Research also plans to enact a 10-for-1 split of its common stock.
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A leading clothing retailer is teaming up with one of the world’s largest retailers for a new offering of items in the home segment.
What Happened: Gap Inc (NYSE: GPS) is set to become the first fashion retailer to partner with
Walmart Inc (NYSE: WMT) in the home space.
The two retail companies signed a multiyear partnership that will bring Gap home products to Walmart stores and Walmart.com beginning June 24.
Over 400 items will be offered initially, ranging in price from $15.88 to $64.98.
Categories include home décor, tabletop, bedding and bath.
Gap will offer seasonal and special collections as part of the Gap Home partnership with Walmart throughout the year.