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Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction. The Bain-led offer for the world's No. 2 producer of NAND semiconductors is worth some $22 billion, sources have said.
The Federal Reserve decision to start to shrink its balance sheet is expected to have a material influence on asset markets over time. In late July, the Fed warned the market that the balance sheet deduction would begin “relatively soon,” which was quickly translated into the next meeting, the two-day meeting ending Sept. 20. Economists caution against jumping to the conclusion that the response so far in the markets proves the balance sheet unwind effect is a non-issue, seeing several offsetting developments at work.
Toys R Us isn't a public company, but its bankruptcy filing two days ago is already sending shockwaves through the stock market. Feeling the heat is Mattel, the retailer responsible for the wildly popular Barbie and Transformers brands, and also one of Toys R Us' most important suppliers. Short interest on Mattel's stock — a measure of wagers that share prices will drop — has climbed to 16% of shares outstanding, according to data compiled by IHS Markit.