Following last week’s release of record fourth-quarter and full-year results, Starbucks Corp.’s board of directors authorized the repurchase of up to 10 million shares of common stock. The authorization is in addition to the 10.1 million shares that remained available at fiscal year end 2010 for repurchase under an existing authorization, the company said. “This additional authorization to repurchase stock reflects the strength of Starbucks’ balance sheet as well as ...

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