Microsoft unveils $40bn buy-back

From the BBC:

Microsoft has unveiled plans to spend $40bn (£22bn) buying back its shares from investors, the biggest single buy-back plan in history.

Analysts say the move is an attempt by the software giant to use its spare cash to prop up its share price which has fallen by almost 30% this year.

Hewlett-Packard and Nike have also announced major buy-back programmes.

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