Canada Markets closed

Darden's mixed quarter, CBS says no to Juul ads, Target's $5B buyback

Here's a look at some of the companies the Yahoo Finance team will be watching for you.

Darden Restaurants (DRI), the parent of Olive Garden and Longhorn Steakhouse, reported a first quarter profit that beat expectations but sales fell short. The company also announced a $500 million stock buyback program. Year to date, the stock is up more than 27%.

CBS (CBS) is among a list of media companies that will stop running ads for e-cigarettes, including those for industry leader Juul. The move comes as health regulators around the world warn against flavored vaping products, raising safety concerns. AT&T’s (T) WarnerMedia and Viacom (VIAB) will also stop running the ads.

Target's (TGT) board of directors has authorized a new $5 billion stock buyback program. It's expected to begin next year once the current $5 billion repurchasing program is complete. Target has also declared a regular quarterly dividend of $0.66/share.

Microsoft (MSFT) has plans to buy back up to $40 billion in stock, which should be a nice pay day for its shareholders. It would be Microsoft's third buy back of this size. The tech giant is also increasing its dividend 11%.

Berkshire Hathaway (BRK-A) is losing one of Warren Buffett’s youngest protégés. Tracy Britt Cool says she’s leaving to start an investment firm with Berkshire’s same business plan but for smaller companies. At the age of 25, Cool joined Berkshire Hathaway to be Buffett’s financial assistant in 2009. In 2014, she became an executive at Berkshire-owned Pampered Chef.