Starbucks Board Approves Repurchase Of Addtional 50 Million Shares

By Ciara LinnaneMarketWatch Pulse

Starbucks Corp. said Thursday that its board has approved the repurchase of an additional 50 million shares. The company said the approval will add to the 11 million shares that remain available under its existing program. Shares are up 38% in the year so far, while the S&P 500 has gained about 2%.

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