Wal-Mart Approves New $15 Billion Share-Buyback Program

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Wal-Mart Stores Inc., which kicked off its annual meeting today, approved a new $15 billion share buyback program.

The new buyback program was effective yesterday and replaces the previous $15 billion authorization, which had about $712 million remaining, the Bentonville, Arkansas-based company said today in a statementBloomberg Terminal.