BP's TNK-BP Sale to Fund $8B Share Buyback

March 22 (Bloomberg) -- Bloomberg Markets Editor Manus Cranny and Brian Swint report that BP Plc will buy back $8 billion of shares after completing the sale of 50 percent of Russian oil producer TNK-BP. They speak on Bloomberg Television's "On The Move."

Renaissance Technologies Mints Another Billionaire
28:16 - The Medallion Fund's success has vaulted quantitative investing to the forefront of the industry. Even stock-picking hedge funds have changed their recruiting practices, hiring Ph.D.s instead of MBAs. Bloomberg's Pamela Roux has more on "Bloomberg Markets." (Source: Bloomberg)
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