|
|
Article: MARKET MOVERS
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- February 27, 2008
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
FROM NEWS SERVICE REPORTS
The Record (Bergen County, NJ)
02-27-2008
MARKET MOVERS
FROM NEWS SERVICE REPORTS
Date: 02-27-2008, Wednesday
Section: BUSINESS
Edtion: All Editions
Column: MARKET MOVERS
NEW YORK — Wall Street reversed earlier losses and rallied Tuesday after IBM approved a $15 billion stock buyback, suggesting to investors that there are still some companies out there with financial muscle. The Dow Jones industrial average rose more than 110 points.
IBM Corp., one of the 30 companies that make up the Dow, said the buyback will boost its earnings for 2008 past Wall Street's prior forecasts. Shares of Big Blue vaulted $4.30, or 3.9 percent, to $114.38.
The following is a list of ...