The following corporate finance-related stories were reported by media on Thursday: * BlackRock Inc has won the bidding for Credit Suisse Group AG's European exchange-traded fund business, according to a source familiar with the situation.* China's insurance regulator is expected to reject HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, media reports said.
BlackRock, Inc. (BlackRock) is an independent investment management firm. Shares of BLK traded higher by 0.26% or $0.56/share to $214.82. In the past year, the shares have traded as low as $160.25 and as high as $218.86. On average, 735225 shares of BLK exchange hands on a given day and today's volume is recorded at 685005.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. Shares of CS traded higher by 1.52% or $0.4/share to $26.79. In the past year, the shares have traded as low as $16.09 and as high as $29.97. On average, 1708410 shares of CS exchange hands on a given day and today's volume is recorded at 1524931.
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