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A rise in M&A activity would be welcome news on Wall Street, where the major banks all reported drops in merger advisory revenue for the second quarter.
PE investors from Clearlake, Riverside and Vista encourage their employees to give back. Silver Lake buys stake in British soccer team Manchester City. Retailers, such as Kroger and Walmart, invest in automated warehouses, smart supermarkets and robots, in a race to keep up with Amazon.
Carlyle-led group buys majority stake in insurer Fortitude from AIG. Blackstone backs bladder cancer treatment company through JV. Kroger, Walmart , invest in smart supermarkets. More deal news from Silver Lake, Palo Alto.