RECENT NEWS
New York Times  Nov 7  Comment 
One-third of Virginia’s watermen have offered to sell their licenses back to the state under a buyback program intended to ease pressure on the Chesapeake Bay crab.
StreetInsider.com  Nov 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/Arch+Capital+Group+%28ACGL%29+Approves+Additional+%241+Billion+Buyback/5083192.html for the full story.
New York Times  Nov 6  Comment 
Stock in the company, creator of the BlackBerry smartphone, has lost about a third of its value since September.
StreetInsider.com  Nov 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/iPass+%28IPAS%29+Misses+Q3+EPS+by+3c%3B+Guides%2C+%240.16+Special+Dividend%2C+%2410M+Buyback/5081269.html for the full story.
Reuters  Nov 5  Comment 
BlackBerry maker Research In Motion Ltd announced a share buyback worth up to $1.2 billion on Thursday, but analysts said competitive concerns will continue to exert pressure on the company's stock.
TheStreet.com  Nov 5  Comment 
StreetInsider.com  Nov 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/Universal+Corp.+%28UVV%29+Approves+%24150M+Buyback%2C+Boosts+Qtr.+Dividend+by+2.2%25+to+%240.47/5079500.html for the full story.
The Globe and Mail  Nov 5  Comment 
Plus, why Canada's big life insurers are losing money. The building sector rebounds. And, why Europe's central banks are holding rates steady
MarketWatch  Nov 5  Comment 
CVS Caremark Corp. said Thursday that it has named David Denton, who now serves as its controller and chief accounting officer, to the post of chief financial officer, effective Jan. 1. He succeeds David Rickard, who is retiring. Separately, the...
StreetInsider.com  Nov 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/Cisco+Systems+%28CSCO%29+Tops+Q1+2010+EPS+by+5c%2C+Additional+%2410B+Buyback/5075440.html for the full story.
StreetInsider.com  Nov 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Stock+Buybacks/Phase+Forward+%28PFWD%29+Announces+%2440M+Share+Buyback/5074436.html for the full story.
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See also Capital Allocation.

A buyback, also known as a share repurchase, is when a company uses excess capital in the form of cash or debt to purchase its own shares on the public market, thereby reducing the number of shares outstanding. In doing so, the company's management signals to the marketplace that it believes its stock is under-priced and that a buyback is the best way to allocate the company's resources.

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