Labor Ready Inc. OKs Repurchase Plan

Labor Ready Inc. on Tuesday announced that its board of directors has approved a $50 million stock repurchase plan. Labor Ready said in a press release that the common stock will be repurchased either in the open market or in private transactions. The company said it will buy stock when market conditions warrant. Labor Ready said it plans to complete the repurchase program by the end of the year. As previously announced, the company recently completed the repurchase of approximately 2.2 million shares of Labor Ready common stock under two previously authorized share repurchase programs. So...