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Global Insurer AIG to Divest Life-Insurance Business

Insurance conglomerate American International Group Inc. is taking steps to split off its life-insurance business into a separate company, leaving it to focus on property-casualty…

UBS Profit Doubles on Trading Surge

UBS Group AG UBS 1.12% said it set aside $1.5 billion to repurchase shares next year as third-quarter net profit doubled and its loan losses…

Blackstone-Backed Lender Is Set for IPO

Consumer-lending platform and Blackstone Group Inc. BX 0.46% portfolio company Finance of America Equity Capital LLC is set to go public with a valuation of…

Will This Bubble Go K-Pop?

The IPO of Big Hit Entertainment, the music label that represents boy band BTS, was oversubscribed by about 600 times. Shares will start trading next…

Investors Can Take Refuge From Election Volatility

A contested election. No clear victor. A disruption to mail-in voting. The potential doomsday outcomes of an already-caustic presidential election campaign are spurring anxiety among…

U.S. Stocks Edge Higher to Start New Quarter

U.S. stocks continued their march higher Thursday, following the S&P 500’s best six-month performance since 2009, as central banks’ stimulus measures keep markets buoyant. After…

Stocks Rally, Driven by Bank and Energy Sectors

The Dow Jones Industrial Average rose more than 400 points Monday, clawing back some lost ground after four consecutive weeks of declines, as investors piled…

Google Will Be Hard Habit to Break

There are ways the government can hurt Google. Blowing up the company’s deal with Apple Inc. AAPL 3.75% might not be one of them. The…

U.S. Stocks Slip as Jobless Claims Edge Up

U.S. stocks fell again Thursday, following data showing hundreds of thousands of Americans continue to tap jobless claims in the midst of the coronavirus pandemic.…

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