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State Street Corp. agrees to acquire General Electric Co.'s asset-management unit for up to $485 million, aiming to expand its money-management division. The deal includes GE's U.S. benefits plans and third-party institutional clients' assets, managing over $100 billion. State Street Global Advisors, known for index-tracking funds, seeks to diversify its money management capabilities with private-equity and real-estate investments.
Tuesday, 29 March, 2016