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Apple and many other tech giants have Wall Street disease

By Marshall Auerback (originally published by AlterNet) – The boom witnessed in the U.S. equity market over the past few years has begun to echo the latter stages of the high tech bubble of the early 2000s, right down to the investor interest ultimately gravitating toward five stocks that have posted substantial gains, and obtained […]

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The American disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroad

By Geoff Zochodne (originally published by Financial Post) – For someone who grew up in Canada, William Lazonick sure is earning a lot of recognition and citations these days from lawmakers in the United States… [Cross-posted from Financial Post publication of August 21, 2019 at https://business.financialpost.com/news/fp-street/the-american-disease-canadian-companies-pouring-cash-into-stock-buybacks-as-backlash-grows-abroad]

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Did Boeing prioritize profits over safety?

By Warren Olney (originally published by KCRW) – Since March some 387 Boeing 737 Max jets have been grounded by regulators and airlines with no end in sight. Boeing profits have tanked. Last month the company recorded its biggest ever quarterly loss and deliveries are at their lowest since 2012… [Cross-posted from KCRW publication of August 19, 2019 at https://www.kcrw.com/news/shows/to-the-point/did-boeing-prioritize-profits-over-safety]

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Lowe’s spent billions on share buybacks, zero on severance for laid-off workers

BY Kate Gibson (originally published by CBS News) - Lowe’s roughly 300,000 employees are “without question” the home-improvement chain’s “greatest asset,” according to their boss, CEO Marvin Ellison. He offered the shout-out at the retailer’s annual shareholder meeting in May, crediting a 15% boost in the company’s quarterly dividends to his workers’ efforts… [Cross-posted from CBS News […]

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US stock buybacks to remain elevated without policy change in sight

By Liu Yanan (originally published by Global Times) - he amount of money spent by US listed companies in buying back their own shares would continue to stay at a high level amid low interest rates and the low possibility of a new legislation to restrict such practice, according to industry insiders… [Cross-posted from Global Times publication […]

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Democrats bash corporate greed, but more stocks for all Americans may be a better wealth redistribution method

By Ganesh Setty (originally published by CNBC) - Democratic Party leaders have made Wall Street “greed” and corporate financial engineering, such as stock buybacks, a priority of efforts to reduce wealth inequality. Policy recommendations to tax stock market gains and target private equity are popular, but one idea that many high-profile Democratic hopefuls have supported in the […]

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Companies use borrowed billions to buy back stock, not to invest

By Ben Holland and Liz McCormick (originally published by Bloomberg) – When the Federal Reserve cuts interest rates, making it cheaper to borrow, it’s supposed to deliver a direct boost to the economy. But one key part of that machinery has broken down… [Cross-posted from Bloomberg publication of August 9, 2019 at https://www.bloomberg.com/news/articles/2019-08-08/companies-use-borrowed-billions-to-buy-back-stock-not-to-invest]

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How Stock Buybacks Undermine Healthy Capitalism

By Garvin Jabusch (originally published by Worth) – Lots of Wall Street analysts and investors like it when companies buy back their own stock. Such stock buybacks typically mean that the company is on solid financial footing and wants to reclaim more control over its own destiny, and for investors, these buybacks often mean a significant […]

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