Denny's Ups Share Buyback Program Tenfold

Restaurant-chain operator Denny's Corp. said Wednesday its board of directors has authorized an additional $100 million buyback of its stock, increasing the company's program by 10 times. As of Tuesday, Denny's had repurchased 21.6 million shares since initiating its share repurchase program and had 3.4 million shares remaining to be bought under its current $10 million share buyback program, announced in April 2013. Shares of Denny's rose 0.3% in after-hours trading after ending the regular session down 1.1%.