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Short Take: IBM to repurchase more common stock

IBM's board of directors has authorized the company to repurchase up to $3.5 billion of its common shares. IBM said it plans to buy shares from time to time, depending on market conditions. Since the beginning of last year, the company has repurchased more than $9.7 billion of its common stock under earlier board authorizations, as reported by Reuters.

IBM's board of directors has authorized the company to repurchase up to $3.5 billion of its common shares. IBM said it plans to buy shares from time to time, depending on market conditions. Since the beginning of last year, the company has repurchased more than $9.7 billion of its common stock under earlier board authorizations, as reported by Reuters.