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Private Equity Is the New Financial Supermarket

Three decades ago, Jonathan Gray might have been an unlikely candidate to become Blackstone’s president and expected successor to its chief executive, Stephen A. Schwarzman.Very little of Mr. Gray’s career […]




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Employer Practices Limit Workers’ Choices and Wages, U.S. Study Argues

Lack of competition, the Biden administration argues, goes a long way to explain why pay for a large share of the American work force is barely higher, after accounting for […]




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Chris Licht, a Creator of ‘Morning Joe’ and ‘Colbert’ Producer, Is Set to Run CNN

Chris Licht, a veteran television producer who helped create “Morning Joe” at MSNBC and later successfully retooled morning and late-night programming at CBS, is set to be the next leader […]




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Justice Dept. Sues to Block $13 Billion Deal by UnitedHealth Group

WASHINGTON — The Justice Department on Thursday sued to block a $13 billion acquisition of a health technology company by a subsidiary of UnitedHealth Group, in the latest move by […]




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SoftBank’s Woes Are Mounting

For the past decade, SoftBank and its founder, Masayoshi Son, grabbed headlines mainly for the Japanese conglomerate’s eye-popping investments, becoming a fixture in the American technology scene by spending freely […]




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A Gene Sequencing Pioneer Battles Over What It Can Buy

Illumina, the leading maker of gene-sequencing machines, is tiny compared with the tech giants of Silicon Valley. But like Google and Facebook, Illumina now finds itself in the cross hairs […]




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At CNN, Personal and Corporate Tensions Collide After Jeff Zucker’s Exit

One by one, the name-brand news anchors filed in: Wolf Blitzer, Jake Tapper, Dana Bash and some two dozen of their CNN colleagues, dejected, confused and ready to pounce.Their quarry […]




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Sony to Buy Bungie, Creator of Destiny and Halo Games, for $3.6 Billion

Sony Interactive Entertainment said on Monday that it had agreed to acquire the video game maker Bungie in a deal valued at $3.6 billion, as the game market further consolidates […]







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Why Microsoft Wants Activision

Even as it looks to distance itself from Sony, Microsoft’s acquisition could also strengthen its position relative to other tech giants with deep pockets — like Amazon, Tencent and Google […]