Latest News on private equities market

Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit

Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit

India's Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.



6 years ago
Row over undelivered jets as Airbus threatens to sue airlines

Row over undelivered jets as Airbus threatens to sue airlines

A stand-off over undelivered passenger jets is intensifying after Airbus signalled it would sue airlines refusing to honour contracts in the face of the coronavirus crisis.



6 years ago
Donald Trump says Warren Buffett makes a mistake selling airline stocks

Donald Trump says Warren Buffett makes a mistake selling airline stocks

U.S. President Donald Trump on Friday said Warren Buffett, often regarded as the world's greatest investor, made a mistake by recently exiting a multi-billion dollar investment in the airline industry.



6 years ago
A 401(k) loan vs. withdrawal: How your account balance may fare down the road

A 401(k) loan vs. withdrawal: How your account balance may fare down the road

Depending on which route you choose, as well as other factors such as your age and whether you continue contributing to your account, your long-term savings potential could take a hit that reaches into six-figure territory.

6 years ago
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources

Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney - sources

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday.



6 years ago
Good news for small businesses as Trump signs PPP reform bill into law

Good news for small businesses as Trump signs PPP reform bill into law

The Paycheck Protection Program Flexibility Act, which President Trump signed into law on Friday, eases loan forgiveness rules for small-business owners.

6 years ago
Canada posts surprise jobs gain in May and June could be even better

Canada posts surprise jobs gain in May and June could be even better

Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an even bigger improvement in June.



6 years ago
Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company

Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company

WeWork's Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June.



6 years ago
Bonds falter as blazing stock rally lures investors

Bonds falter as blazing stock rally lures investors

Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is returning to broader markets.



6 years ago
Wall Street jumps, Nasdaq set for record closing high after surprise jobs report

Wall Street jumps, Nasdaq set for record closing high after surprise jobs report

Wall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding upside surprise and the clearest evidence yet that the U.S. economy is bouncing back sooner than expected from pandemic-related lockdowns.



6 years ago
German prosecutors probe Wirecard management board

German prosecutors probe Wirecard management board

Munich prosecutors on Friday said they had searched Wirecard's headquarters and opened proceedings against the payment company's entire management board as part of a market manipulation probe initiated by Germany's financial regulator BaFin.



6 years ago
United Airlines closing three of four international bases for flight crew

United Airlines closing three of four international bases for flight crew

United Airlines Holdings Inc is closing three out of four international bases for flight attendants, according to an internal memo seen by Reuters, saying it is not able to sustain the bases in the current environment.



6 years ago
Exclusive: U.S. considers blacklisting more oil tankers over Venezuela trade, official says

Exclusive: U.S. considers blacklisting more oil tankers over Venezuela trade, official says

The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, a U.S. official told Reuters on Friday.



6 years ago
Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

Reddit co-founder Alexis Ohanian said on Friday he has resigned from the board and sought to be replaced with a black candidate at the social network company.



6 years ago
Exclusive: Marriott says Trump administration orders it to cease Cuba hotel business

Exclusive: Marriott says Trump administration orders it to cease Cuba hotel business

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.



6 years ago