International Business Machines Corp. said Tuesday its board has approved $4 billion in additional funds to buy back its own shares. The company said the latest authorization adds to the $2.4 billion remaining in its last program, bringing the total to be repurchased to $6.4 billion. Shares fell 1.3% in late morning trade, and are down about 12% in the year so far, while the Dow Jones Industrial Average has fallen 1.2%.
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