Monday, September 22, 2008

HP & Nike Plan $13 Billion of Buybacks After Slump

Hewlett-Packard, the biggest personal-computer maker, increased its repurchase program by $8 billion as its shares trade within 12 percent of their cheapest since 1996. Nike, the largest maker of athletic shoes, said it will buy back as much as $5 billion of shares.

BLOOMBERG

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