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United Technologies (UTX +2.2%) CEO Louis Chenevert tells analysts share buybacks of up to $1B...

United Technologies (UTX +2.2%) CEO Louis Chenevert tells analysts share buybacks of up to $1B will resume in 2013, more than a year after repurchases were suspended during the Goodrich acquisition. Chenevert says UTX will not make any more large purchases, focusing instead on smaller deals costing a total of $1B next year.
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