Many U.S. firms to buy back stock

Reported at The Industry Standard: “A spate of American companies will begin
buying back their own shares Monday, part of a
wide-ranging effort to help boost the reopening
of the stock markets, Monday’s Wall Street
Journal reported.

In the days since terrorists attacked the World
Trade Center, among other targets, and brought
stock trading to a halt, many companies, from
Cisco Systems Inc. (CSCO) to financial-services
concern FleetBoston Financial Corp. (FBF), of
Boston, to New York insurer American
International Group Inc. (AIG), have announced
new stock-repurchase programs or expressed
the intention to buy shares under existing programs.”