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Wells Fargo plans to sell its wealth management business for over $ 3 billion after third-quarter earnings fell 57%

Spencer Platt / Getty Images Wells Fargo plans to sell its wealth management business for $ 3 billion after earnings fell 57% in the third quarter, according to Reuters. The bank’s wealth management arm, which caters to wealthy clients, would continue to be part of the business. The US bank has held talks with potential asset managers and private equity …

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Goldman Sachs agrees to pay more than $ 2.9 billion to resolve investigations into its 1MDB scandal

David Michael Solomon, CEO of Goldman Sachs, attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs agreed to pay more than $ 2.9 billion to regulators around the world, including a record fine for violating a U.S. anti-corruption law, …

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DOJ Reaches $ 8 Billion Role in Opioid Crisis with Purdue Pharma, maker of OxyContin

The company has been widely accused of fueling the country’s opioid epidemic. October 21, 2020, 4:21 p.m. • • 5 min read Share on FacebookShare on TwitterSend this article via email The Justice Department announced a $ 8 billion settlement with Purdue Pharma, the OxyContin maker widely accused of fueling the country’s opioid crisis, which has been blamed for more …

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Pioneer Natural Resources to buy parsley energy for $ 4.5 billion

Natural resource pioneer Co. PXD -4.04% has agreed to buy Parsley Energy Inc. SPORTS 5.15% For $ 4.5 billion, this is the latest in a spate of U.S. oil pendants as companies try to weather the low prices caused by the coronavirus pandemic. The all-stock deal values ​​parsley at a premium of 7.9% from its closing price on Monday and …

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US chipmaker Intel is selling its NAND memory business to SK Hynix for $ 9 billion

SK Hynix will acquire Intel’s NAND memory chip business, including related manufacturing and design patents, as well as the US company’s facility in Dalian, China, the companies said in a statement on Tuesday. Intel’s NAND flash memory products are used in devices such as smartphones, tablets and hard drives. The US company will keep Optane, its advanced memory chip technology …

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Alibaba acquires China’s top hypermart chain for $ 3.6 billion

TipRanks 3 monster growth stocks that could hit new highs Things are always changing on Wall Street. Share prices fluctuate, new players make their market debut, the macroeconomic environment is shaken and long-term trends shift. One thing remains the same, however: growth is the name of the game. Growth stocks consistently make a place on investors’ wish lists due to …

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According to Xbox boss, Bethesda games don’t have to start on PlayStation for Microsoft’s $ 7.5 billion deal to pay off. • Eurogamer.net

Bethesda games don’t have to start on PlayStation for Microsoft’s $ 7.5 billion takeover of the company to pay off, Xbox CEO Phil Spencer said. In an interview with Stephen Totilo of Kotaku, Spencer was asked if it would be possible to recoup the $ 7.5 billion purchase of Bethesda if Microsoft doesn’t sell The Elder Scrolls 6 on PlayStation …

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Warren Buffett plowed $ 5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Alex Wong / Getty Images Warren Buffett invested $ 5 billion in Bank of America in August 2011, which gave the struggling lender a crucial vote of confidence and money cushion. Berkshire Hathaway’s famous investor and CEO got the idea of ​​investing while bathing and was initially blocked by a call center employee before going through to Bank of America …

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