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Babcock & Wilcox (BWC +1%) trades higher after the company detailed plans to boost its stock...
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Thursday, December 6, 2012, 2:14 PM ETBabcock & Wilcox (BWC +1%) trades higher after the company detailed plans to boost its stock buyback program over the near-term up to a total of $150M. BWC previously said it planned to acquire $100M of stock before March 31, 2013 as part of its larger $250M plan announced in in November. CEO E. James Ferland notes long-term value in the company that's not currently being reflected in the stock price.
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