Off-pricer TJX Cos. Inc. said on Monday that its board approved a new stock repurchase program of up to $1 billion of TJX common stock, or 7.5 percent of the company's outstanding common shares, at current prices.
The program is in addition to the $486 million remaining under the retailer's existing $1 billion authorization from February 2007. So far, the company has spent $5.8 billion on the repurchase of stock for 342 million shares since 1997.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"