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Members of the Nordstrom family are taking its namesake department store chain private with Mexican retailer El Puerto de Liverpool, in a deal announced Monday that values the company at $6.25 billion.
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The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.
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Nordstrom will become a private company after it agreed to a buyout deal valued at $6.25 billion from Nordstrom's founding family and Mexican department store El Puerto de Liverpool.
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Japan's second- and third-largest automakers hope the $50 billion deal would help them catch up with Tesla and China's BYD in electric vehicles and advanced software.
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