Coach to buy endorsement to $1B in the action

New York (AP) - purse and manufacturer Coach Inc. (NYSE:COH) of the accessories it said that Friday its board authorized the rescue of up to $1 billion in the action in the open market al of June 27 of 2009. Coach, that will use the parts readquiridas for general the corporative intentions, said that the common program of the rescue finishes finishing to a plan of the new purchase $500 million authorized in October of 2006, ' is designed to increase to the economic value them shareholders and to compensate emissions of the part under our plans of the remuneration of employee, ' Lew Frankfort, president and executive, said in a declaration. The company has near 379,3 million exceptional parts. The parts of the coach, that have negotiated between excessive $30,52 and $54 the last year, rose 51 cents to $32,81 in negotiating in the morning.