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Deluxe also announced that its board had approved the stock repurchase program, authorizing the repurchase of up to 12 million shares.
PHILLIPS PETROLEUM CO., Bartlesville, Okla., the oil and gas company, said that it had increased its stock buyback plan by authorizing the repurchase of up to $500 million of shares by the end of this year.
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Last September, Dell authorized the repurchase of 125 million shares.
AOL's board also authorized the repurchase of $100 million in stock.
Separately, National Penn rescinded its buyback program, which had authorized the repurchase of up to 530,000 shares.
FleetBoston Financial said yesterday that its board had authorized the repurchase of $2 billion of its common stock.
IMC also said its board had authorized the repurchase of up to 5.4 million shares of common stock.
* Abbott Laboratories Inc., North Chicago, Ill., said its directors had authorized the repurchase of up to six million of its 436.9 million shares outstanding.
* American Home Products Corp. said its board had authorized the repurchase of an additional five million shares of its common stock.
Mattel also said it had authorized the repurchase of up to 500,000 shares in the next 12 months.
The board of P&F Industries Inc. of Farmingdale (Nasdaq: PFIN) authorized the repurchase of up to 180,000 shares of common stock over the next twelve months.
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