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If companies aren’t buying their own stock, who is?

By Paul Vigna

“Hilton Worldwide Holdings Inc. added $2 billion to its stock buyback program on March 3, a vote of confidence among executives as the stock market began to slide.

Just over three weeks later, the hotel company would strip the business down to its core, furloughing employees, cutting expenses, mothballing capital expenditures and suspending its dividend and buyback plan.”…

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