Apollo’s earnings drop as asset sales slow: Reuters

Apollo Global Management LLC (APO.N) said on Wednesday its second-quarter earnings dropped 25 percent, less than most analysts expected, as it generated less cash from selling assets and its funds appreciated at a slower pace, Reuters reported.

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Messaging platform Symphony seeks more funding: WSJ

Symphony Communication Services LLC, an instant messaging software company backed by Goldman Sachs Group Inc. (GS.N) and other finiancial institutions, is seeking additional funding that could value the startup at up to $1 billion, the Wall Street Journal reported on Sunday.

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