Lowe's Companies Inc. said its board has approved a new share buyback program of up to $5 billion. The new program adds to the previous program's balance, which stood at $2.4 billion at end January. Shares of the home-improvement retailer rose 1.1% in after-hours trade and are up 12.5% in the last three months, while the S&P 500 has gained 1.8%.
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