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Companies to pour $2.5 trillion into buybacks, dividends, M&A in 2018

Buybacks specifically have been on a torrid pace and are helping provide a floor to a market that for much of 2018 had looked tired and volatile after a 20 percent S&P 500 gain the year before. Repurchases are up 83 percent year to date, far ahead of the 9 …

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Discovery in $2 billion deal for international PGA golf rights

Getty Images Rory McIlroy of Northern Ireland plays his third shot to the seventh hole during the final round of the 96th PGA Championship at Valhalla Golf Club on August 10, 2014 in Louisville, Kentucky. Discovery, the owner of Animal Planet and the Discovery Channel, will invest more than $2 …

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The growing spread between WTI and Brent

Both contracts peaked on May 22 before selling off sharply due in part to OPEC production decisions and technical selling. While Brent has recovered back into the middle of this range, WTI remains relatively muted — rising domestic shale production and the inability to move this crude through the pipeline …

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IATA forecasts airline profit fall in 2018

Fabrice Coffrini | AFP | Getty Images IATA CEO Alexandre De Juniac on December 8, 2014. Following the release, IATA’s director general and CEO, Alexandre de Juniac, told reporters in Sydney that rising labor costs and trade tensions could also negatively affect airlines. De Juniac said airlines could be hit …

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Facebook reportedly gave personal data to 60 companies including Apple, Amazon and Samsung

Jim Watson | AFP | Getty Images Facebook CEO Mark Zuckerberg arrives to testify before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Facebook struck dozens of data-sharing deals with smartphone and tablet …

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Qatar ‘stronger than ever’ one year after blockade: Deputy PM

Photo by Mark Runnacles | Getty Images The Doha Skyline at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar. A year into an economic and transport blockade led by its neighbors, Qatar has emerged “stronger than ever,” Deputy Prime Minister and Minister of State for Defence Affairs …

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Ethiopia ministers OK draft law to lift state of emergency

Minasse Wondimu Hailu | Anadolu Agency | Getty Images Security measures are taken as the Oromo people protest against government during the Irreecha holiday in Addis Ababa, Ethiopia, on October 2, 2016. Ethiopia’s cabinet has approved a draft law aiming to lift the country’s state of emergency that was imposed …

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Seoul, Tokyo clash on how North Korea should remove its missiles

Roslan Rahman | AFP | Getty Images Japan’s Defense Minister Itsunori Onodera (L) shakes hands with his South Korean counterpart Song Young-moo (R) as director-general and chief executive of the International Institute for Strategic Studies (IISS) John Chipman looks on during the second plenary session of the 17th Asian Security …

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US isolated at G7 meeting as tariffs prompt retaliation

Alice Chiche | AFP | Getty Images Flags fly over the Fairmont Le Manoir Richelie hotel, the location for the G7 summit, in La Malbaie, Quebec on June 1, 2018. The United States’ closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and …

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Ireland gives Britain two weeks to produce Brexit border proposals

Getty Images | Artur Widak | NurPhoto Simon Coveney, the new Irish deputy prime minister, arrives at the Mansion House in Dublin. Britain must submit written proposals on how it plans to keep a frictionless border on the island of Ireland after Brexit in the next two weeks or face …

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