FILE PHOTO: A smartphone is seen in front of a Microsoft logo displayed in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Microsoft Corp shares rose 1% in early trading on Wednesday after the company announced a $60 billion share repurchase plan, its biggest ever.
The announcement comes just days after two U.S. Senate Democrats unveiled a proposal to tax corporate stock buybacks to help fund President Joe Biden's $3.5 trillion investment plan.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
