Latest News on private equities market

Stocks tick up as China virus worries abate; oil drops

Stocks tick up as China virus worries abate; oil drops

World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices tumbled as a market surplus forecast outweighed supply concerns.



6 years ago
Meghan and Harry can flee to Canada but they will still owe taxes in the US

Meghan and Harry can flee to Canada but they will still owe taxes in the US

You can move to a different continent to escape your in-laws, but as long as you're still an American, the IRS will always be in your life. Here's what's ahead for the Duchess of Sussex as tax season kicks off.

6 years ago
Wall Street analysts buy into Netflix optimism amid Disney threat

Wall Street analysts buy into Netflix optimism amid Disney threat

Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.



6 years ago
Laid-off Philadelphia refinery workers struggle with shrinking sector

Laid-off Philadelphia refinery workers struggle with shrinking sector

Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.



6 years ago
Cramer: 'I love the clarity of vision' from Netflix CEO Reed Hastings on A.I. and avoiding ads

Cramer: 'I love the clarity of vision' from Netflix CEO Reed Hastings on A.I. and avoiding ads

CNBC's Jim Cramer said Netflix's earnings call fostered optimism about a company he once called "an open sore on the market."

6 years ago
Oil slides 2% as surplus forecast overshadows Libya disruption

Oil slides 2% as surplus forecast overshadows Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.



6 years ago
Morgan Stanley executive Rich Portogallo to retire: memo

Morgan Stanley executive Rich Portogallo to retire: memo

Veteran Morgan Stanley executive Rich Portogallo, who was key in building the bank's prime-brokerage business, is retiring, according to an internal memo seen by Reuters on Wednesday.



6 years ago
Real estate developer in $240 million deal to buy Philadelphia refinery

Real estate developer in $240 million deal to buy Philadelphia refinery

Real estate developer Hilco Redevelopment Partners has entered into a $240 million agreement to purchase the Philadelphia Energy Solutions oil refinery, which was the largest and oldest on the East Coast, according to court documents on Wednesday.



6 years ago
Philly refinery sale draws $240 million winning bid from real estate developer

Philly refinery sale draws $240 million winning bid from real estate developer

Chicago-based real estate developer Hilco Redevelopment Partners is expected to pay $240 million in its winning bid for the Philadelphia Energy Solutions refinery site, bankruptcy court documents showed on Wednesday.



6 years ago
Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 - sources

Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 - sources

Bank of America Corp will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said.



6 years ago
Oil slides as IEA surplus forecast overshadows Libya disruption

Oil slides as IEA surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as an International Energy Agency (IEA) forecast of a market surplus in the first half of 2020 outweighed concerns about disruptions that have slashed Libya's crude output.



6 years ago
Sainsbury's turns to retail boss as CEO checks out

Sainsbury's turns to retail boss as CEO checks out

Sainsbury's has picked retail boss Simon Roberts to succeed CEO Mike Coupe, the architect of the British retailer's failed bid for rival Asda who will step down in May after six years at the helm.



6 years ago
Stocks shake off China virus worries, dollar gains

Stocks shake off China virus worries, dollar gains

World stock markets looked to be getting back to full strength on Wednesday, as updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.



6 years ago
Jaguar Land Rover to cut over 10% of workforce at UK Halewood factory: union

Jaguar Land Rover to cut over 10% of workforce at UK Halewood factory: union

British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.



6 years ago
Trump says Fed raising rates was a mistake: CNBC

Trump says Fed raising rates was a mistake: CNBC

The United States' economy would be growing at a pace near 4% if wasn't for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday.



6 years ago