Wednesday, February 2, 2011

Verizon Reauthorizes Share Buyback Program

Verizon Communications' Board of Directors has authorized the repurchase of up to 100 million shares of its common stock. The board also determined that no additional shares may be acquired under a previously approved program to repurchase up to 100 million shares. Under the previous program, which was due to end Feb. 28, 2011, approval remained to purchase approximately 60 million shares.