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BlackRock head warns against buybacks

The head of the world’s largest money manager, BlackRock, has privately warned big companies that dividends and buybacks that activists favor may create quick returns at the expense of long-term investment. http://online.wsj.com/news/articles/SB10001424052702303949704579461773304558680?mod=WSJ_hp_LEFTWhatsNewsCollection&mg=reno64-wsj

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