Red Hat sets buyback program

From Reuters: “Red Hat Inc. , best known as a distributor of Linux operating system, on Monday said it had set a buyback plan, effective immediately, of up to 10 percent of its outstanding common shares over the next year.

Red Hat joins dozens of U.S. companies initiating or increasing repurchase programs in the aftermath of last week’s attacks in New York and Washington. The company’s shares were off 19 cents, or 6.1 percent, at $2.93. Earlier, it set a fresh year low at $2.40.”