Briefly
- Share via
From Reuters
Savings and loan giant Washington Mutual Inc., which is restructuring its operations, said Tuesday that it agreed to sell its WM Advisors Inc. asset management unit to Principal Financial Group Inc. for $740 million in cash. Seattle-based WM Advisors had about $26.4 billion of assets under management, and advises the WM Group of mutual funds.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.