26 minutes ago NEW YORK (Reuters) - IBM (IBM.N) said on Tuesday its board has authorized a $15 billion share buyback program that could boost 2008 earnings by 5 cents a share, sending its stock up 3 percent.The news also pushed the overall U.S. stock market higher. International Business Machines Corp, which has a market capitalization of roughly $150 billion, was by far the top driver of the Dow industrials.
IBM said it now expects full-year earnings per share of at least $8.25, or 16 percent year-on-year growth. In January, the company had seen 2008 earnings per share at $8.20 to $8.30.
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