Sony announces first-ever share buyback, stock rises 5 percent
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TOKYO (Reuters) - Sony Corp announced on Friday a share buyback of 100 billion yen (£704 million) - its first ever aimed at boosting shareholder returns - sending the Japanese electronics and entertainment company's shares up more than 5 percent.Sony said the buyback, to be conducted through March 22, would be equivalent to 2.36 percent of its outstanding stock."Our financial health has improved enough to conduct the repurchases," a Sony spokesman said, as the company reinvented itself as an..