About This Source - Reuters
Reuters is an international news organization owned by Thomson Reuters. It employs some 2,500 journalists and 600 photojournalists in about 200 locations worldwide. The agency was established in London in 1851 by the German-born Paul Reuter.
Recent from Reuters:
Drug store chain Walgreens took a hit last quarter forcing it to announce a halt in share buybacks and 4,000 job cuts at its struggling UK unit Boots.
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In This Story: Share buyback
A share buyback or share repurchase is the re-acquisition by a company of its own shares. It represents a way of returning money to shareholders, in addition to dividends.