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Buybacks Help Drive Market Recovery

International Business Machines Corp., BellSouth Corp. and other U.S. companies stepped up their plans to buy back shares, helping pull the stock market out of a slump.

With the market dropping 11 percent over the previous four days, companies are saying their stock prices are good values.

“The opportunity in the market is a reason to do it and do it quickly,” said BellSouth Chief Financial Officer Ronald Dykes, whose company started buying back shares Tuesday.



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Early exit polls show strong support to lift Ireland ban on abortion

UPDATED: 3:05 p.m.

Ireland’s referendum Friday represented more than a vote on whether to end the country’s strict abortion ban. It was a battle for the very soul of a traditionally conservative Roman Catholic nation that has seen a wave of liberalization in recent years.