Latest News on private equities market

Nordstrom bucks trend of grim retail forecasts; share jump 8%

Nordstrom bucks trend of grim retail forecasts; share jump 8%

Nordstrom Inc raised its 2019 forecast, unlike many competitors, and reported third-quarter profit above Wall Street expectations on Thursday as it sold more off-price clothing and kept inventories in check, sending the retailer's shares up about 8% in extended trading.



6 years ago
De Beers Namibian diamond venture seeks tax breaks to extend operations

De Beers Namibian diamond venture seeks tax breaks to extend operations

Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023.



6 years ago
GM lawsuit won't torpedo Fiat Chrysler merger with Peugeot: source

GM lawsuit won't torpedo Fiat Chrysler merger with Peugeot: source

Fiat Chrysler's (FCA) planned $50 billion merger with Peugeot owner PSA Group will not be blown off course by a shock lawsuit against FCA from General Motors, a source close to FCA said on Thursday.



6 years ago
SoftBank sounds out Japan's top banks on $2.8 billion loan, sources say

SoftBank sounds out Japan's top banks on $2.8 billion loan, sources say

SoftBank Group Corp is sounding out Japan's top three banks to borrow around 300 billion yen ($2.8 billion) to help fund its support of U.S. startup WeWork, three people familiar with the matter said on Thursday.



6 years ago
BMW orders more than 10 billion euros' worth of battery cells

BMW orders more than 10 billion euros' worth of battery cells

German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI .



6 years ago
China says will strive to reach phase one trade deal with U.S

China says will strive to reach phase one trade deal with U.S

China will strive to reach a "phase one" trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling.



6 years ago
Shares falter as China-U.S. row over Hong Kong wrecks trade deal hopes

Shares falter as China-U.S. row over Hong Kong wrecks trade deal hopes

Global stocks took a beating on Thursday as a fresh row between Washington and Beijing over U.S. legislation on Hong Kong threatened to undermine their trade talks and delay a "phase one" deal that investors had initially hoped to be signed by now.



6 years ago
Pressure grows on Westpac CEO after massive Australian money laundering scandal

Pressure grows on Westpac CEO after massive Australian money laundering scandal

Pressure mounted on the chief executive of Westpac Banking Corp on Thursday over the handling of Australia's biggest money laundering scandal, with the prime minister calling on bank's board to review his position.



6 years ago
Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.



6 years ago
Global stocks, dollar slip as reports kindle trade deal hopes

Global stocks, dollar slip as reports kindle trade deal hopes

The U.S. dollar and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks was offset by concerns tensions between the world's two largest economies were too large to quickly overcome.



6 years ago
Macy's cut profit outlook after weak quarter; confident for holiday

Macy's cut profit outlook after weak quarter; confident for holiday

Macy's Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.



6 years ago
Uber denies report it in talks with Germany's Wirecard

Uber denies report it in talks with Germany's Wirecard

Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen.



6 years ago
Brokerage bombshell: What advisors, investors could expect from a Schwab-TD Ameritrade merger

Brokerage bombshell: What advisors, investors could expect from a Schwab-TD Ameritrade merger

The custody arena for registered investment advisors is about to get a lot smaller if Charles Schwab acquires TD Ameritrade. Here's what that might mean for services for financial advisors and their clients.

6 years ago
A legendary trader who made billions betting on wars, other macro events is hanging it up

A legendary trader who made billions betting on wars, other macro events is hanging it up

The step to privatize Moore Capital will mark the end of a storied era at the firm and follows years of weaker performance at the fund.

6 years ago
Wall Street muted on doubts over progress in U.S.-China trade deal

Wall Street muted on doubts over progress in U.S.-China trade deal

The S&P 500 and Dow indexes treaded water on Thursday as mixed headlines on U.S-China trade relations and a diplomatic row over the Hong Kong protests added to uncertainty over the timing of a "phase one" deal.



6 years ago