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Microsoft, H-P, Nike Snap Buyback Slump | |
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| Time: 23:41 EST/04:41 GMT | News Source: Wall Street Journal | Posted By: Kenneth van Surksum | ||
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Microsoft Corp. announced a $40 billion program to buy back shares, while Hewlett-Packard Co. and Nike Inc. also announced buybacks, countering a recent trend that has led many companies to conserve cash to cope with the slow economy and Wall Street's meltdown.
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