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US tech firms’ buybacks hit record $387bn

Bloomberg Some of the largest US technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors. The top 10 US tech companies spent more than $169 ...

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Nexi falls after Europe’s biggest IPO this year

Bloomberg Nexi SpA shares fell in Milan trading after the initial public offering of the payments-service company raised 2.01 billion euros ($2.27 billion), making it the biggest listing in Europe so far this year. Nexi declined 5.5 percent to 8.50 euros. A mix of existing and new shares in the Milan-based company were sold to more than 340 investors from ...

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Poland to move $43b to private pension accounts

Bloomberg Poland plans to overhaul its pension system in a way that ends uncertainty over the future of assets managed by privately-held pension funds and helps the government avoid widening the budget deficit. Polish stocks fell and government bonds rose. The government proposed transferring all of the 162 billion zloty ($43 billion) of assets in the privately-managed part of the ...

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