French Real Estate Firm Buys Westfield in $16-Billion Deal

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French Real Estate Firm Buys Westfield in $16-Billion Deal

Paris, Amsterdam, Sydney – Unibail-Rodamco SE (“Unibail-Rodamco”) and Westfield Corporation (“Westfield”) announced Tuesday that Unibail- Rodamco has entered into an agreement to acquire Westfield to create the world's premier developer and operator of …
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Bloomberg Markets: Preventing Holiday Hacks, Investing in Tech

David Wilson Stocks Editor Bloomberg News Discussing his “Stock of the Day” Penumbra (PEN). Penumbra Inc.'s shares dropped to a two-month low after the medical-device maker lost an analyst's buy recommendation for the first time since its September 2015 IPO. BMO Capital cut its rating to the
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Bitcoin Developer Behind Failed Fork Begins Another Offshoot

A new version of the bitcoin system has been formed after some developers split the blockchain, the digitized ledger on which the cryptocurrency lives. Called UnitedBitcoin, the offshoot comes a month after an earlier effort failed to gain enough support. Bitcoin core developer Jeff Garzik, a proponent of
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Investor Bet on Middle East Oil Play Pays Off in Abu Dhabi IPO

Investors who bet on exposure to Middle East oil got it right, at least on the first trading day of shares in a unit of Abu Dhabi's oil giant.
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Trump's Jerusalem Decision Is 'Brutal,' Hollande Says

“It's brutal because it's unilateral, without consultation of Europe or Arab countries and of course without the Palestinians,” Hollande said in a Bloomberg Television interview Tuesday in Dubai, where he was attending the Arab Strategy Forum. “It's corrosive because it will create absolutely no incentive to
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