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Republic Services OKs $650 million to buy shares

The Associated Press

Republic Services Inc. said Thursday that its board added $650 million to the company's authorization to buy back shares.

The solid waste and recycling company had $110.6 million left under a previous authorization, so the board action pushed the total available to $760.6 million — more than 6 percent of outstanding shares at Thursday's price — through Dec. 31, 2015.

The announcement came as Republic released third-quarter financial results.

The shares rose 12 cents to close at $33.47. They have gained 14 percent this year.