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Insurance Firm Definity Financial Readies C$1 Billion Debt Sale

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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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Funding & Business

Fund Adviser Vukota Settles SEC Claims Over Misleading Investors

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A former Colorado resident and two investment adviser firms he controls agreed to pay the Securities and Exchange Commission a $1 million penalty to settle claims he and the firms misled investors and reaped millions in ill-gotten gains.



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Funding & Business

Oracle Surges on Earnings: Breaking Down the Numbers

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Gil Luria, D.A. Davidson’s head of technology research, breaks down Oracle’s first-quarter earnings report and forecast on “Bloomberg The Close.” Oracle’s cloud infrastructure revenue increased 55% to $3.3 billion, while analysts anticipated a 53% expansion. Profit, excluding some items, was $1.47 per share compared with the $1.48 average estimate.



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Funding & Business

Invesco’s de Longis Goes ‘Maximum’ Underweight Dollar Before Fed

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Invesco Ltd.’s Alessio de Longis sees more pain ahead for the dollar as the Federal Reserve appears close to easing monetary policy, which would shrink its yield advantage over its peers.



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