Published October 16, 2014 9:22am EDT | Updated January 8, 2015 2:37pm EST

Gap Approves $500 Mln Share Buyback Program

Gap Inc. said Thursday its board has approved a new $500 million share buyback program that will follow an earlier $1 billion program. Gap shares rose 0.8% in premarket trade and are down 8% in the year so far, while the S&P 500 has gained 0.8%.