Life Tech board authorizes $750M buyback program

Life Technologies Corp. (NASDAQ:LIFE) said its board authorized the repurchase to up to $750 million of its common stock. The new authorization is in addition to about $62 million remaining under an existing buyback program. As of July 31, the company has repurchased $335 million in shares this year. At June 30, Life Technologies had $303.5 million in cash and a six-month operating income of $184.7 million. ...