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Lessons from California Mudslides: Science’s Credibility Is At Stake

For applied scientists—that intrepid cadre who get their hands dirty in the sometimes dangerous world beyond the ivory tower, participating in difficult decisions with little time and major consequences—getting the right answer is only half the battle. The other half is successfully explaining what they’ve found, and what it means. ...

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Uber Reaches Deal to Sell Stake to SoftBank

SAN FRANCISCO — Uber completed a deal on Sunday to sell a significant stake of itself to SoftBank, a Japanese conglomerate, paving the way for the ride-hailing company to make sweeping governance changes and to go public by 2019. Under the agreement, a consortium of investors led by SoftBank will ...

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William Ackman Sells Pershing Fund’s Stake in Valeant

William A. Ackman, a billionaire investor, staked his reputation as a savvy stock picker on his ability to oversee a turnaround at Valeant Pharmaceuticals International. When other hedge funds began to leave Valeant in 2015 as questions about its practices for pricing drugs and its accounting procedures mounted, Mr. Ackman ...

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Singapore's GIC to take 7.7 pct stake in Vietnam's Vietcombank

Singapore sovereign wealth GIC Pte Ltd said on Monday it will acquire a 7.73 percent stake in Vietcombank, Vietnam’s biggest lender by market capitalisation. GIC will purchase 305,810,895 new shares in Vietcombank as part of the deal, it said in a statement without disclosing the value of the transaction. Reuters ...

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Singtel eyes stake in Vietnam’s MobiFone

Singapore Telecommunications, better known as Singtel, has expressed interest in becoming a strategic partner with Vietnam’s telecom giant MobiFone as the state-owned firm is opening up to private investors. SingTel’s Vice President for Business Development Oliver Foo met with Deputy Minister of Information and Communications Pham Hong Hai in Hanoi ...

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Top lender VietinBank set to reduce stake in Saigonbank

VietinBank, one of Vietnam’s biggest lenders, has announced a plan to reduce its stake in small bank Saigonbank from to 4.91 percent from 10.39 percent at the moment. More than 16.87 million shares will be sold at a public auction to be organized by the end of next month, VietinBank ...

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