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Facebook authorizes $6bn share buyback

  San Francisco / AFP Facebook’s board of directors authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of a price dip triggered early this month by word that revenue growth will slow ...

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UK PM deploys financier husband to woo business

  Bloomberg UK Prime Minister Theresa May has enlisted her husband, who has worked in finance for more than 30 years, to help her charm business leaders as she prepares to take the country out of the European Union. The Mays are hosting chief executives of some of the UK’s biggest companies at a series of dinners in No. 10 ...

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Brazil’s Temer seeks new Vale CEO in shareholder talks

  Bloomberg Brazil’s government has decided to push for a new chief executive for iron-ore giant Vale SA when the current boss’s contract expires next year, according to people with knowledge of the matter. President Michel Temer ceded to months of lobbying from members of his own Democratic Movement Party to seek a replacement for Murilo Ferreira, who was appointed ...

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