Latest Business News: Jeff Bezos To Acquire The Washington Post For $250M

Wochit 0:48 mins

The Washington Post Company have announced that it has reached an agreement to be acquired by Amazon founder and CEO Jeff Bezos for $250 million. The charges filed last week against Sandeep Aggarwal for tipping off a SAC portfolio manager raise the question of when information is sufficiently confidential that its use constitutes insider trading. According to the latest Federal Reserve survey of bank senior loan officers, U.S. financial conditions remained favorable during the second quarter despite the spike in market interest rates.

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