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Porsche CFO sees $81bn value unleashed in potential IPO

Bloomberg Porsche AG’s chief financial officer said a share sale of most profitable unit could unlock value to echo Ferrari NV’s successful public offering and help the sports-car maker raise money if needed. The maker of the 911 model could easily be valued “between 60 billion and 70 billion” euros ($69.4-$81 billion), applying multiples for luxury-goods producers such as Ferrari, ...

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Facebook pulls 810 US accounts, pages spreading fake news

Bloomberg Facebook Inc said it removed 559 pages and 251 accounts that were coordinating the spread of misinformation and spam in the US — and most originated from within the country. The social network, which has been under fire for facilitating foreign interference in US politics, has found that domestic actors have also been creating fake pages and accounts to ...

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US consumer sentiment eased in October: Report

Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on the early October data,” according to the report. The poll ...

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