Safeway Boosts Stock Repurchase by $500 Million

PLEASANTON, Calif. - Safeway here said Friday that its board of directors increased the limit of the company's stock-repurchase program by $500 million, to a total of $4 billion. The company said it has already repurchased $3.25 billion of its own stock since the program began. The timing and volume of future repurchases will depend on market conditions, Safeway said.