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Investment research firm TrimTabs says money committed to cash takeovers and buybacks by public US companies hit a record $1.41 trillion in 2015. “It’s not surprising that corporate America turned more to financial engineering as revenue and profits stagnated,” TrimTabs CEO David Santschi said in a press release. According to TrimTabs, cash takeovers for 2015 totaled $682 billion, and says previous peaks in 1999 and 2007 coincided with stock market tops. read more >>>
Source : BusinessInsider.Com