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FILE - In this May 8, 2018, file photo, a Waymo logo is displayed on the door of a car at the Google I/O conference in Mountain View, Calif. Google's former autonomous vehicle project is borrowing money on its own for the first time. Waymo, which is developing autonomous ride-hailing vehicles and semis, will get the $2.25 billion from a group of investors. (AP Photo/Jeff Chiu, File)

Ex-Google self-driving car project picks up new investors

Mar. 2, 2020 6:40 PM EST

SAN FRANCISCO (AP) — Google's former autonomous vehicle project is becoming a more autonomous business by bringing it in its first investors besides its corporate parent. Waymo has secured $2.25 billion from a group of investors led by Silver Lake and the Canadian Pension Plan Investment Board to help...

Traders gather at the post of Specialist Anthony Matesic, background center, on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)

Franklin Resources buying Legg Mason for $4.5 billion

Feb. 18, 2020 11:15 AM EST

SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50in cash...