Cheesecake Factory halts stock buyback plans

CALABASAS HILLS Calif. The Cheesecake Factory Inc. has temporarily stopped the repurchase of its company stock to conserve cash during the “unprecedented crisis in the global financial markets,” according to a regulatory filing Thursday.

The company said it suspended its stock repurchase plan and terminated executive authorizations for pre-arranged stock buybacks in a decision to “maintain maximum flexibility in its capital decisions,” a move it called a

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