Latest News on private equities market

Home Depot says peak investments to pressure 2020 margins

Home Depot says peak investments to pressure 2020 margins

Home Depot Inc , the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.



6 years ago
Factbox: How the North American trade deal will affect labor, environment, drugs

Factbox: How the North American trade deal will affect labor, environment, drugs

New amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers' rights.



6 years ago
Continental Resources founder Hamm to step down as CEO

Continental Resources founder Hamm to step down as CEO

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and become its executive chairman, the company said on Wednesday.



6 years ago
Fed keeps rates on hold, points to 'favorable' economic outlook next year

Fed keeps rates on hold, points to 'favorable' economic outlook next year

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election.



6 years ago
FAA probes Boeing 737 MAX production, says it won't approve jets' return this year

FAA probes Boeing 737 MAX production, says it won't approve jets' return this year

The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co's 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end.



6 years ago
Continental Resources says founder Hamm to step down as CEO

Continental Resources says founder Hamm to step down as CEO

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and take a board role, the company said on Wednesday.



6 years ago
Fiat Chrysler's UAW members ratify new four-year contract

Fiat Chrysler's UAW members ratify new four-year contract

The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA .



6 years ago
JPMorgan to revamp wealth management business: WSJ

JPMorgan to revamp wealth management business: WSJ

JPMorgan Chase & Co is combining its U.S. wealth-management operations for affluent clients and the Chase branch network's financial-advisory business into a new unit, The Wall Street Journal reported on Wednesday, citing a memo.



6 years ago
NYSE files amended direct listings proposal

NYSE files amended direct listings proposal

The New York Stock Exchange on Wednesday filed an amended proposal for a rule change that would allow U.S direct listings to raise new capital like in an initial public offering (IPO).



6 years ago
Pot stocks try to rebound from terrible 2019: 'This is 2008 for the cannabis industry'

Pot stocks try to rebound from terrible 2019: 'This is 2008 for the cannabis industry'

"It has been an exciting year, and not in the way that shareholders in this sector would like," says Cam Battley of Aurora Cannabis.

6 years ago
Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment'

Carlyle Group co-CEO says he's confident Taylor Swift deal will be a 'successful investment'

Carlyle Group helped finance the sale of Taylor Swift's music rights to Ithaca Holdings.

6 years ago
Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal

Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal

Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016.



6 years ago
Oil drops on surprise U.S. crude build but tariff deadline eyed

Oil drops on surprise U.S. crude build but tariff deadline eyed

Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday.



6 years ago
Gasoline, rents lift U.S. consumer inflation in November

Gasoline, rents lift U.S. consumer inflation in November

U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve's intention to keep interest rates steady indefinitely after reducing borrowing costs three times this year.



6 years ago
CEO of GM's Cruise hints at offering low-cost shared rides

CEO of GM's Cruise hints at offering low-cost shared rides

The chief executive of autonomous vehicle company Cruise signaled in a blog post on Wednesday that the General Motors Co subsidiary is shifting its focus to shared rides "at a radically lower cost."



6 years ago