PRESS DIGEST- Wall Avenue Journal – Aug 12


Aug 12 (Reuters) – The next are the highest tales within the Wall Avenue Journal. Reuters has not verified these tales and doesn’t vouch for his or her accuracy.

– BlackRock Inc is taking a roughly $875 million stake in Genuine Manufacturers Group LLC that values the carefully held model growth, advertising and leisure firm at greater than $four billion together with debt, in response to folks acquainted with the matter. (on.wsj.com/2Z2zn3U)

– A deal between Microsoft Corp and a star videogamer generally known as Ninja opened a brand new entrance within the tech large’s battle to dent rival Amazon.com Inc dominance of the game-streaming enterprise. (on.wsj.com/2ZUXgrw)

– United Parcel Service Inc is retaining shut ties to Amazon.com Inc, one among its largest prospects. The Atlanta-based delivery large will get near 10% of its income from Amazon, in response to a Morgan Stanley estimate, a determine that would develop as the web retailer seeks new carriers for the packages that when went to FedEx Corp. (on.wsj.com/2ZUN7uZ) (Compiled by Bengaluru newsroom)

Author: Maxwell C.

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