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August 3, 2020
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Mergers and acquisitions

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Shares of U.S.-listed Chinese search engine Sogou pop 48% after Tencent’s takeover offer

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CNBC – For more and to sign up click here A man visits Sogou booth on day one of the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 2, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Shares......
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SAP says its Qualtrics unit will go public

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CNBC – For more and to sign up click here SAP said Sunday that it would sell some shares of its Qualtrics survey-software unit on a U.S. public market. The announcement comes less than two years after SAP announced a plan to buy Qualtrics for $8 billion, days before Qualtrics......
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Alibaba’s Ant could be bigger than some Wall Street banks — What you need to know about the dual IPO

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CNBC – For more and to sign up click here Ant Group, an affiliate of Alibaba, announced plans for its long-awaited dual listing in Shanghai and Hong Kong on Monday.    The company is known for running Alipay, one of China’s most popular mobile payment systems. But Ant Group has......
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A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industry

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These restaurant chains filed for bankruptcy during the pandemic

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CNBC – For more and to sign up click here These restaurant chains filed for bankruptcy during the pandemic SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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Shares of China’s biggest chipmaker SMIC surge 245% in Shanghai debut

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CNBC – For more and to sign up click here Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images SMIC, China’s biggest chipmaker, saw its shares surge 245% at the open on its first day of......
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J.C. Penney announces plan to cut 1,000 jobs, gets more time from lenders in push for survival

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CNBC – For more and to sign up click here An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty Images J.C. Penney will layoff about a thousand employees as it hashes......
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China’s biggest chipmaker is up over 200% this year as it begins $6.6 billion share sale

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CNBC – For more and to sign up click here Semiconductor supplies to Huawei have been targeted by Washington as part of the broader U.S.-China trade war. Fuse | Getty Images SMIC, China’s biggest chipmaker, kicked off a major 46.28 billion yuan ($6.6 billion) share sale on Tuesday.  That was......
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Solar energy company Sunrun to buy peer Vivint Solar for about $1.46 billion

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CNBC – For more and to sign up click here Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun U.S. residential solar installer Sunrun said on Monday it will buy peer Vivint Solar for about $1.46 billion in an all-stock deal. Vivint Solar shareholders......
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IPOs in Hong Kong and Shanghai pop, despite pandemic, tensions with the U.S.

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CNBC – For more and to sign up click here The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic.......
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Here’s why the biggest U.S. mall owner might want to buy JC Penney

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CNBC – For more and to sign up click here Simon Property Group might want to own bankrupt J.C. Penney in order to be able to redevelop some of its best real estate and make it even better, according to one analyst.  “We believe Simon wants to control the J.C.......
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BP meets asset sale target through $5 billion divestment of petrochemical unit

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CNBC – For more and to sign up click here A BP company logo is displayed on a fuel pump on the forecourt of a gas station operated by BP Plc in London, U.K. Chris Ratcliffe | Bloomberg | Getty Images BP will sell its global petrochemicals business to billionaire Jim......
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Elizabeth Warren demands answers from private equity industry on coronavirus response, lobbying

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CNBC – For more and to sign up click here Wearing a face mask to reduce the chance of transmission of the novel coronavirus, Sen. Elizabeth Warren (D-MA) arrives at the U.S. Capitol for a vote May 18, 2020 in Washington, DC. Chip Somodevilla | Getty Images Sen. Elizabeth Warren......
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‘Very healthy’ pipeline of IPOs are flocking to Hong Kong as U.S.-China tensions ramp up

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CNBC – For more and to sign up click here NetEase Games logo is seen above the company’s booth one day before the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. VCG | Getty Images There’s a......
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Eldorado and Caesars cost cutting is boosting profits at regional casinos as merger close nears

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CNBC – For more and to sign up click here As Eldorado Resorts and Caesars Entertainment inch closer to merging with one another, tight controls on costs are helping to make the companies’ regional casinos more profitable. In spite of state-mandated occupancy limits at its 14 reopened properties, Eldorado saw revenue decline......
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These are the 2020 CNBC Disruptor 50 companies

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CNBC – For more and to sign up click here In the eighth annual Disruptor 50 list, CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace. They are poised to emerge from the coronavirus pandemic with tech platforms that have the power to......

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