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Sony Plans Financial Services IPO as PS5 Sales Cool

Electronics/entertainment giant Sony plans to take its financial services unit public next fall. The company announced the partial spin-off of Sony Financial Group (SFGI), a business that includes banking and payment services, as it released quarterly earnings on Wednesday (Feb. 14). “Under the plan, Sony plans to distribute slightly more than 80% of its shares of SFGI to Sony’s ....

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Retailers Expand Private-Label Push as Shoppers Trade Down

Retailers Expand Private-Label Push as Shoppers Trade Down
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