Funding & Business
Corporate America’s Buoyant Tone at Odds With Wall Street Angst
As investors fret over signs of a slowing economy and lofty stock-market valuations, they are getting a bit of reassurance from Corporate America.
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A father and son were each sentenced to years in prison for misleading firms like Vanguard Group Inc. and AllianceBernstein Holding LP about the prospects of an Arizona sports complex backed by $280 million in municipal bonds.
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Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter.
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European Union nations will discuss potential changes to the role of imported carbon credits in the next decade in a drive for a rapid deal on the bloc’s landmark 2040 climate goal.
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