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  • State Street

    State Street, the world's biggest institutional money manager, Tuesday posted a better-than-expected 61% jump in quarterly profit and said revenue will be stronger than initially expected this year.

  • Asset manager Nuveen Investments, the industry's biggest manager of closed-end mutual funds, has agreed to a $5.75 billion buyout by an investor group led by private equity firm Madison Dearborn Partners LLC, the companies said on Wednesday.