Covidien's (COV) board authorizes a $2B share repurchasement program with timing to be based on...

|By:, SA News Editor

Covidien's (COV) board authorizes a $2B share repurchasement program with timing to be based on market conditions. The firm also reiterates its commitment to return 25%-40% of free cash flow to investors. Shares +1% premarket.