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Financial Services & Real Estate Headlines

UPDATE 2-ValueAct's Ubben 'disinvesting' because of high valuations

NEW YORK, Feb 22 Jeffrey Ubben, the chief executive officer of activist investor ValueAct Capital, told Reuters on Wednesday that his firm had been taking money out of the capital markets as valuations have become overextended, leaving it with $3 billion in cash.

GIC announces joint $1.05 bln investment in Washington DC offices

SINGAPORE, Feb 23 Singapore's sovereign wealth fund GIC said on Thursday it has formed joint ventures with investors to buy over 2.1 million sq feet (195,000 sq m) of office assets in the Washington DC metropolitan area, in an investment of more than $1.05 billion.

French utility Suez in bidding for GE Water - Le Figaro

PARIS, Feb 22 French waste and water company Suez is in the running to buy the water business U.S. industrial conglomerate General Electric has put up for sale, French newspaper Le Figaro reported in an advance copy of its Thursday edition.

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Trump revokes Obama guidelines on transgender bathrooms

President Donald Trump's administration on Wednesday revoked landmark guidance to public schools letting transgender students use the bathrooms of their choice, reversing a signature initiative of former Democratic President Barack Obama. | Video