IBM to spend $10B in latest stock-buyback plan

IBM intends to buy back $10 billion in stock, about 6% of its outstanding shares, and the announcement of the move resulted in share prices increasing 0.52% on Tuesday. Since CEO Sam Palmisano came on board eight years ago, IBM has spent more than $68 billion on stock repurchases, and the company says it intends to dole out $50 billion more through 2015.

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