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MasterCard Announces New $1.5B Share Repurchase Program

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  • Description

    FBN’s Adam Shapiro on the credit card company’s new share buyback program.

  • Duration 0:53
  • Date

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Adam Shapiro -- your Fox Business -- Wall Street rebounded in afternoon trading but Europe's debt problems are still in focus and on the minds of investors.

A slightly better than expected report on the US service sector brought some positive news into the makes -- the closing bell.

The Dow was up 26 points to end the day at 121001 when he -- MasterCard on the rise in extended trading after announcing a new share buyback program.

The one point five billion dollars stock repurchase is in addition.

To the two billion dollar buyback now under way the credit card process are also announced a dividend of thirty cents per share payable August ninth.

A former Madoff employee Greg -- became the seventh person to plead guilty since Bernie Madoff confessed to running a massive Ponzi scheme.

-- denied involvement in this -- but admitted to making false filings related to the employee health plan and a filing false income tax returns.

That's the latest from the Fox Business Network giving you the.

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