Companies launch stock buybacks, skip hiring and investment

12/16/2013 | Washington Post (tiered subscription model), The

U.S. multinational companies are increasingly using their cash to buy back shares rather than raise salaries, hire workers or make investments. The 30 companies in the Dow Jones industrial average, which has risen to levels not seen since the 1990s, have approved $211 billion in stock buybacks this year. That's three times what they invested in research and development in 2012.

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Washington Post (tiered subscription model), The

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