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$UEIC said its subsidiary C.G. Development agreed to sell its entire ownership interest in Gemstar Technology to Guangzhou Junhao Investment. Guangzhou Junhao will pay C.G. Development about $48MM in cash at closing. The transaction is expected to be completed within about 28 months from the execution of the agreement.
$DB is going to cut off services for about 3,400 clients in equities trading.
$TSLA opening a showroom in Michigan. A bold move !!