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INTERNET
Google share buyback to begin
The Web search firm will buy back 23.4 mil common shares it may have issued improperly to previous and current employees and consultants; the share transactions may not have been registered as required by law. The offer, which expires on Dec. 30, sets the price at $3.94 a share and extends to unexercised options to buy 5.2 mil shares. Google expects little acceptance of the offer. Shares rose 0.5% to 181.98.
Priceline cuts airline over dispute
The online travel agency, which operates the Web sites Travelweb.com, Activereservations.com, Lowestfare.com, RentalCars.com and BreezeNet.com, is dropping Northwest Airlines due to a disagreement. Priceline.com said in an SEC filing that it thinks ticket sales will be made up by other airlines. Priceline fell 0.5% to 23.87; Northwest rose 0.5% to 10.24.
TECHNOLOGY
PC makers expected to drop out