HTC to Buy Back Stock After Patent Ruling - Bloomberg

HTC Corp., Asia’s second-biggest maker of smartphones, plans to buy back as much as 2.4 percent of its outstanding shares after a U.S. International Trade Commission ruled that it infringed two Apple Inc. patents. The company, based in Taoyuan, northern Taiwan, will purchase as many as 20 million of its own shares by Sept. 17, according to filings to the Taiwan stock exchange...