Cheesecake Increases Stock Repurchase Program

The Cheesecake Factory Inc. said it would increase its stock repurchase program by 10 million shares. Taking into account the shares remaining from the company’s prior authorizations, the increase brings to 12.4 million the number of shares Cheesecake can buy back. Calabasas Hills-based Cheesecake said it would finance the repurchase program with cash on hand and debt.