The stock buyback will not take place for at least a month.

First, much has been made lately of stock buybacks by public companies.

At its closing price, the stock buyback would be worth more than $1 billion.

But stock buybacks may be bad news for Washington's budget makers.

Over the last 20 years, stock buybacks total a few trillion.

The drop was the result of a $2 billion stock buyback in the first quarter.

At some companies, a stock buyback can signal a significant change in management strategy.

Companies announced a record level of planned stock buybacks in 1987.

The company said it expected to complete a previous $500 million stock buyback by the end of the first quarter.

For now, investors are betting either on a new hit show or a stock buyback.