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Norway’s $1trn wealth fund expands US stakes amid rout

Bloomberg Norway’s $1 trillion sovereign wealth fund has been bulking up on stocks that got hammered during March’s historic market decline, adding to stakes in companies such as Carnival Corp. and Royal Dutch Shell Plc. The fund has acquired holdings of 5% or more in seven US-traded companies since mid-March, according to filings by Oslo-based Norges Bank. The list includes ...

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Canada’s newspapers want Google, FB to pay for content

Bloomberg Canada’s newspapers are asking the federal government to follow France and Australia in forcing companies such as Alphabet Inc.’s Google and Facebook, Inc. to pay to display their news content. “Both France and Australia have set deadlines to have mandatory solutions in place by July. That means paying for copyrighted content and sharing the advertising dollars and data that ...

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PG&E to replace most of its board members

Bloomberg PG&E Corp. said it would replace most of its board as part of a broad overhaul of its governance structure as the California power giant pushes to exit bankruptcy. PG&E said only three of the 14 current directors will remain after the company exits Chapter 11 by mid-year, according to a statement. The utility’s chair, Nora Mead Brownell, will ...

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