Dow Jones Newswires: Australia’s Westpac to buy back billions in stock as annual profit doubles

Westpac Banking Corp. said its annual net profit more than doubled and it would seek to buy back shares worth up to 3.50 billion Australian dollars (US$2.63 billion).

source http://www.marketwatch.com/news/story.asp?guid=%7B20C0C4D5-7425-4434-F126-1BF5D7A1CF3A%7D&siteid=rss&rss=1