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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Jul 25, 2019
Page
8
Market close shows Dow at 27,270, down 0.29 percent while NASDAQ rises to 8,322 as tech shares lead gains. Local stocks move with mixed results amid light volume and caution ahead of earnings season.
Sprint divests its large suburban Kansas City campus for well under appraisal in a deal that lets the firm lease back space at below market rates. Moody’s cites the 250.9 million transaction as the DOJ weighs Sprint and T-Mobile merger antitrust concerns.
Federal regulators sanction Facebook with a 5 billion dollar penalty, impose new oversight, and require CEO Mark Zuckerberg to personally certify privacy program compliance. The historic settlement ties civil penalties to privacy reforms while limiting direct liability on Zuckerberg. The SEC separately fines Facebook 100 million for misleading data misuse disclosures tied to the Cambridge Analytica case.
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