RadioShack Increases Repurchase Program to $500 Million (RSH)

RadioShack Corporation RSH today announced that its Board of Directors has increased the Company's share repurchase authorization, from $290 million to $500 million, and has directed that a significant portion of the repurchase program commence as soon as practicable. "After careful evaluation of the options available to the Company and capital requirements of our business going forward, the Board has concluded that it is now appropriate to devote a part of our significant cash holdings to an expanded share repurchase program," said Julian C. Day, chairman and chief executive officer.