PARIS—Shares in French bank BNP Paribas fell on Wednesday, after the Belgian state participation agency SFPI had said it was preparing the sale of a third of its 7.8 percent equity stake in the euro-zone’s biggest bank. The Belgian state participation agency on Tuesday said it will dispose of around 2.7 percent in the French…
If You Don’t Sell, Did You Lose Money or Not?
Commentary Last year, the stock market was down big. The exchange-traded fund that mimics the tech stocks on Nasdaq (QQQ) was down 19.8 percent. The bond market also took a dive since the Federal Reserve moved aggressively to raise interest rates. For what it is worth, statistically there is only a 9 percent chance of…
Owner of NBA’s Phoenix Suns Announces Plans to Sell Team
Phoenix Suns owner Robert Sarver on Wednesday said he is seeking buyers for the team a week after being suspended for a year and fined $10 million by the National Basketball Association (NBA) following an investigation into allegations of workplace misconduct. An independent investigation found that Sarver, who bought the Suns and the WNBA’s Phoenix…
Is Google Selling Your Private Data to China?
Commentary To quote the legendary author Paulo Coelho, “everything in life has its price.” Yes, everything, including our private data. If in doubt, let me point you in the direction of Google, a problematic multinational company. A new report published by the Irish Council for Civil Liberties (ICCL) demonstrates the dangers of Google. Specifically, it…
Clean out Your House by Hosting the Best Yard Sale Ever
With a few simple strategies, you can turn your pile of unused, unwanted items into cash by planning a big garage sale. Clean up the items you’re selling, price them to go and throw in any items you don’t want to put back in your house or garage for free to be sure they’re gone…
Rubens’ ‘Portrait of a Lady’ Sells for $3.4 Million
WARSAW, Poland—Peter Paul Rubens’ 17th century masterpiece “Portrait of a Lady” has sold for the equivalent of $3.4 million at a Warsaw auction, becoming the most expensive artwork ever bought on the Polish art market, the auction house said. The painting sold for 14.4 million zlotys, auction fee included, at an Old Masters auction Thursday…
Hitachi to Sell About Half Its Stake in Construction Unit: NHK
TOKYO—Japan’s Hitachi Ltd. will sell about half its 51 percent stake in unit Hitachi Construction Machinery Co. to trading firm Itochu Corp. and investment fund Japan Industrial Partners, public broadcaster NHK reported on Thursday. Hitachi will sell the stake for about 200 billion yen ($1.7 billion), according to a Nikkei business daily report, which did…
Conduent to Sell Its Midas Suite of Solutions to symplr for $340 Million Cash
Conduent Inc. agreed to sell its Midas Suite of Solutions for $340 million in cash to symplr. The sale consists of the Midas suite of patient safety, quality, and advanced analytics solutions, including DataVision and Statit. symplr is a global leader in healthcare operations, including governance, risk management, and compliance SaaS solutions, backed by Clearlake Capital Group, L.P.,…
Cathie Sells Another $22 Million Worth of Shares in Tesla on Tuesday
Cathie Wood’s Ark Investment Management on Tuesday sold 20,446 shares—estimated to be worth $22.3 million—in Tesla Inc. Tesla shares closed 0.5 percent lower at $1,088.47 a share on Tuesday. The stock is up over 49 percent year-to-date though most of that surge has been seen in the past few months. The St. Petersburg, Florida-based Ark…
La Liga Sells Spanish Broadcast Rights for Over $5 Billion for 5 Years
MADRID—Spain’s top soccer league has generated 4.95 billion euros ($5.6 billion) from the sale of subscription broadcast domestic rights for five seasons. La Liga has sold games for live broadcast in Spain to a streaming service for the first time with DAZN picking up the rights to 175 matches per season. Telefonica-owned Movistar has the…
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