The buyback is in connection with a repurchase program announced Feb. 27. (See: "CBS Seen As A Sell" ).
It's increased the amount authorized under a share repurchase program by an additional $9 billion, on top of an original $6 billion plan, of which it's spent $4 billion.
Through Dec. 7, AT&T had repurchased more than $13 billion of stock under a buyback program announced in 2006.
Interpublic will also resume a share repurchasing program, up to $300 million worth of stock.
The company is kicking off a $200 million share repurchasing program.
The big news of the day is that Apple just announced a dividend and $10 billion share repurchasing program.
Such a deal could provide Dow with the cash to implement a share repurchase program or perhaps shake up its portfolio with an acquisition.
It also said it would expand its stock repurchasing program.
Viacom said it would continue its aggressive stock repurchasing program.
In June, for the first time in its history, Viacom instituted a quarterly dividend program and said it would resume a stock repurchase program.
