A trend for US stocks - the buyback!!
Hewlett-Packard buying back $10 billion in stock - MarketWatch: "Hewlett-Packard Co. (HPQ 39.07, 1.07, 2.82%) said Monday it would buy back up to $10 billion of its own stock. Shares of the company rose 2.6% to $38.98 following the announcement. The Palo Alto, Calif. technology firm said it plans to repurchase shares 'opportunistically.' In the third quarter, HP repurchased approximately $2.6 billion worth of its shares. As of July 31, the company had approximately $4.9 billion of repurchase authorization remaining under an $8 billion repurchase authorization approved by the board in 2009. HP has approximately 2.3 billion shares of common stock outstanding."
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