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Railroads Strike a $25 Billion Merger

Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.

As Blackstone Barrels Toward Trillion-Dollar Asset Goal, Growth Is In, Value Out

Jonathan Gray, Blackstone Group's day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.

Visa Faces Antitrust Investigation Over Debit-Card Practices

The Justice Department's antitrust division is asking whether Visa, the largest U.S. card network, has limited merchants' ability to route debit-card transactions over card networks that are often less expensive.

JPMorgan to Buy $410 Million Stake in Chinese Bank's Wealth Business

The U.S. bank's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.

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