Article: United States : IBM board authorizes another $5 billion for stock buybacks.

Byline: Mamta03

Technology-services giant IBM Corp. said Tuesday that its board of directors has authorized another $5 billion to use for stock repurchases.

The new funding is in addition to $4.2 billion remaining from an earlier stock-buyback authorization, giving IBM /quotes/comstock/13*!ibm/quotes/nls/ibm (IBM 120.65, +0.54, +0.45%) more than $9 billion to repurchase its shares. IBM said that it expects to request additional stock-repurchase funds at its board meeting next April.

IBM also ...

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