Asbury Automotive Group Inc. (ABG) announced that its board has authorized the repurchase of up to two million shares of the company's common stock, to be completed by the end of 2008.Asbury expects that any share repurchases will be funded through available cash. As of June 30, 2007, the Company had about 32.6 million shares outstanding.In March 2007, the Company repurchased 1.3 million shares of its common stock pursuant to a repurchase program authorized in February 2007.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.