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Noteworthy expenditures of the week

1. Intel (INTC) is adding $10 billion to its stock buyback program, bringing the total authorized to $14.2 billion. The company ended 2010 with $21.5 billion in cash, thanks in part to a boom in corporate technology spending.

2. RockTenn (RKT) agreed to buy Smurfit-Stone Container (SSCC) for $3.5 billion, a deal that would create North America's No. 2 containerboard producer.

3. Spain's biggest utility, Iberdrola, will pay $2.4 billion for 99.68 percent of Elektro Eletricidade e Servicos, which supplies power in São Paulo, Brazil's most populous state.

4. Mexico's No. 2 Coca-Cola (KO) bottler, Embotelladoras Arca, agreed to merge with Grupo Continental in a $2.3 billion stock transaction.

5. No longer wanting exposure to European stocks, an unidentified investor pulled $1 billion from funds run by Man Group, the world's largest publicly traded hedge fund firm.

6. Amgen (AMGN), the world's No. 1 biotech company, will pay up to $1 billion for BioVex, a maker of experimental cancer drugs.

7. Switzerland-based Novartis (NVS) will pay about $470 million for Genoptix (GXDX), a California lab specializing in diagnosing bone marrow, blood, and lymph node cancers.

8. Columbia University in New York City is selling $275 million of tax-exempt municipal debt to finance construction projects.

9. Google (GOOG) is granting $100 million in stock and options to exiting CEO Eric Schmidt, 55, who will become executive chairman in April. Schmidt helped Google grow to $29.3 billion in revenue from less than $100 million in 2001.

10. A Sotheby's (BID) sale of 746 lots of wine belonging to Andrew Lloyd Webber fetched $5.6 million in Hong Kong. The composer has collected fine vintages since he was a teen.

Winter is a reporter for Bloomberg Businessweek.

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