Safeway (SWY) Boosts Buyback by $1B to $8B Total

Safeway Inc. (NYSE: SWY) announced that its Board of Directors increased the authorized level of the company's stock repurchase program by $1.0 billion to a total of $8.0 billion. Through the end of the third quarter of 2011, Safeway had repurchased approximately $6.1 billion of its stock and had approximately $0.9 billion remaining under its stock repurchase program.

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