Wall Street Gamblers At Work—–U.S. Firms Spend More On Buybacks Than Factories

By VIPAL MONGA, DAVID BENOIT and THEO FRANCIS at The Wall Street Journal Every proposed project at U.S. Steel, whose Granite City, Ill., plant is shown in March, must be linked to the value it could create for shareholders. PHOTO: HUY MACH/ST. LOUIS POST-DISPATCH/ASSOCIATED PRESS U.S. businesses, feeling heat from activist investors, are slashing long-term […]
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