Bid & Ask: The Deals of the Week
Noteworthy expenditures of the week
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1. In its largest short-term debt offering, Texas issued $9.8 billion of notes to fund public schools, which are projected to serve 80,000 more students this year than last.
2. The board of Lowe’s approved a plan to buy back $5 billion of stock over the next two to three years. On Aug. 15 the company lowered profit projections for fiscal 2011 because of declining sales.