U.S. Companies Eye Buybacks Instead of Dividends

Nov. 30 (Bloomberg) -- Bloomberg's Josh Lipton reports on U.S. companies turning to a strategy of buybacks to offset the expected hike in taxes on dividends in 2013. He speaks on Bloomberg Television's "In The Loop."
Statoil and BP Release Reports amid Oil Declines
55:51 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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