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Financial Planning > Behavioral Finance

Insurer May Buy Back Stock

By Staff Writer

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Prudential Financial Inc. says it could spend up to $3.5 billion on buying back shares of common stock in 2008.

A year ago, Prudential, Newark, N.J., earmarked $3 billion for buying back stock in 2007. The company has used about $2.6 billion of the 2007 stock repurchase authorization, the company says.

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