Published July 23, 2015 4:06pm EDT | Updated July 25, 2015 11:52pm EDT

Starbucks Board Approves Repurchase Of Addtional 50 Million Shares

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%.