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Keynote wanted to repurchase as many as 10 million of its shares at the time.
The Chevron Corporation will repurchase as much as $15 billion of its stock as record crude prices increase earnings.
The bank said it would repurchase as much as £1 billion in stock, and raised the dividend 25percentt.
CSL, a maker of blood plasma products, said it would repurchase as much as 9percentt of its stock for about $1.59 billion Australian dollars ($1.3 billion).
The company, the world's biggest home-improvement chain, may repurchase as many as 66.7 million shares, based on yesterday's closing price of $30 a share.
The company, which manages mutual funds and arranges travel plans, said it might also repurchase as many as 71 million shares under a previous authorization by the board.
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Mr. Grenesko said Tribune might begin those repurchases as early as today, although the company will have to stop any buyback when it begins its tender offer for Times Mirror shares, probably next week.
The $55 billion that were set aside today will be used for the share repurchases as well as dividends.
The answer to that question depends on the size and type of the company doing the repurchasing, as well as market conditions and other factors.
Limelight this morning also announced a share repurchase program as well as updated its third quarter 2011 financial guidance as a result of the EyeWonder transaction.
The A.I.G. board approved the repurchase of as much as $1 billion in stock, the company said in a separate statement.
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