Avon Products, Inc. announced that its Board of Directors authorized the repurchase of $2 billion of the company’s common stock over a five-year period following completion of its current program. Through Sept. 30, 2007, Avon purchased 26 million shares at a total cost of $904 million under the existing program begun in late 2005. Avon has had a share repurchase program since 1994. Under the new authorization, Avon’s annual share purchase volume will depend on the company’s ...