Stocks Look to a Minor Pullback After Week of Record Highs
World stock markets have rallied this week as worst case scenarios for Hurricane Irma didn't pan out, refiners are mostly back on line and North Korea has stopped testing nuclear missiles-for now. U.S. markets have hit record highs both days of trading this week. Nordstrom ( (JWN) - Get Report ) stock is rallying on reports that its about to be bought and taken private. Reports say the investment firm Leonard Green and Partners will provide Nordstrom with $1 billion dollars and then help take the company private. Transitioning to a private company means Nordstrom stock wouldn't exist and it could try to restructure without the glare of Wall Street. Toshiba is selling its chip business to a group of investors led by Bain Capital. The group also includes Apple ( (AAPL) - Get Report ) and the price tag is $18 billion.
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