UPDATE 1-Rackspace raises buyback to up to $1 bln
 

UPDATE 1-Rackspace raises buyback to up to $1 bln
Aug 10 (Reuters) - Web hosting company Rackspace Hosting Inc reported a 11 percent rise in quarterly revenue and raised its share buyback program to up to $1 billion, sending its shares up 5.4 percent in extended trading on Monday.
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