Latest News on private equities market

U.S. judge hears closing arguments in T-Mobile-Sprint merger trial

U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws.



5 years ago

BofA gives Saudi Aramco 'neutral' rating, 36 riyal price target

BofA Global Research started its coverage of Saudi Arabia's state oil giant Saudi Aramco with a 'neutral' rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now "fully priced".



5 years ago

UnitedHealth quarterly profit beats expectations driven by Optum strength

UnitedHealth Group Inc reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer benefited from higher revenue from its Optum unit, which includes its pharmacy benefits management business.



5 years ago

Amazon orders electric vans from Deutsche Post's StreetScooter

Amazon.com has ordered 40 electric vans from Deutsche Post's StreetScooter unit for deliveries in the German city of Munich as part of the plan to be carbon neutral by 2040, the online retailer said on Wednesday.



5 years ago

Oil drops on doubts over demand boost from U.S.-China trade deal

Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world's biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase.



5 years ago

Bank of America beats analysts' profit estimate on rebound in bond-trading revenue

The bank posted fourth-quarter profit of 74 cents a share, an unexpected 6% increase, helped by a reduction in outstanding shares.

5 years ago
5 years ago

Goldman Sachs profit falls on investment banking weakness, higher costs

Goldman Sachs Group Inc reported a 26% drop in quarterly profit on Wednesday, hurt by weakness in its investment banking business and higher operating costs.



5 years ago

Bank of America beats on bond trading boost

Bank of America Corp beat analysts' estimates for quarterly profit on Wednesday, as the second-biggest U.S. lender's bond trading division posted a strong showing, eclipsing declines at its three other major businesses.



5 years ago

PNC Financial quarterly profit beats on higher loan growth

PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.



5 years ago

Target's holiday comparable sales rose marginally, shares tank

Target Corp on Wednesday missed its own expectations for 2019 holiday season sales, blaming weakness in toys and electronics sales for growth of just 1.4% that sent shares in the retailer sharply lower.



5 years ago

BlackRock profit beats as exchange-traded funds boom

BlackRock Inc , the world's largest asset manager, beat analysts' estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth.



5 years ago

The IRS delayed refunds for 275,000 taxpayers last year. Here's why

The IRS kept $2.7 billion in refunds out of the hands of fraudsters last year through Sept. 30, according to the Taxpayer Advocate Service. Unfortunately, hundreds of thousands of legitimate filers waited more than 40 days to get their money.

5 years ago

OPEC expects lower demand for its oil as U.S. hits new milestone

OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.



5 years ago