BHP's Stock Buyback

BHP Billiton Ltd., the world's biggest mining company, will buy back $10 billion of shares after higher metal prices drove profit to a record.

The company's shares rose 5.9 percent in Australia, the biggest gain in more than four years. Net income jumped 41 percent to $6.2 billion in the first half ended Dec. 31, from $4.36 billion a year ago, the Melbourne-based company said in a statement. Sales rose 22 percent to $22 billion.
-Bloomberg