hp share buyback

Hewlett-Packard OKs $10 Billion Share Buyback

Hewlett-Packard shares jumped nearly 2.76%, or $1.05, to $39.05 in premarket trading after the No. 1 PC maker announced Monday that its board of directors had authorized an additional $10 billion for share repurchases. HP expects to buy back at least $3 billion worth of shares in its fiscal fourth quarter.