Latest News on private equities market

Volkswagen cuts profit, sales forecasts as autos downturn bites

Volkswagen cuts profit, sales forecasts as autos downturn bites

German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.



6 years ago
Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources

Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources

Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.



6 years ago
Coty takes $600 million bet on reality star Kylie Jenner's beauty brands

Coty takes $600 million bet on reality star Kylie Jenner's beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.



6 years ago
ESG ratings are confounding. For CSOs, that’s good news

ESG ratings are confounding. For CSOs, that’s good news

Green Biz | Joel Makower | Nov 18, 2019 "Smart beta." It’s a term of art on Wall Street, a blend of active and passive investing strategies that typically combine an underlying stock index with an investment manager’s savvy about a potential stock’s liquidity, volatility, momentum and other factors. The strategy is said to provide

6 years ago
Shares inch towards record high as China trims key rate

Shares inch towards record high as China trims key rate

World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.



6 years ago
T-Mobile CEO Legere to step down next year, shares slip

T-Mobile CEO Legere to step down next year, shares slip

T-Mobile US Inc said on Monday Chief Executive Officer John Legere will step down on April 30 in favor of Chief Operating Officer Mike Sievert but not before completing its merger with U.S. rival Sprint Corp .



6 years ago
Coty bets $600 million on Kylie Jenner beauty brands

Coty bets $600 million on Kylie Jenner beauty brands

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, driving shares in the company up 5%.



6 years ago
Alibaba's books close early in $13.4 billion Hong Kong listing: sources

Alibaba's books close early in $13.4 billion Hong Kong listing: sources

Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.



6 years ago
Wall St. eases from record levels at open after report dents trade optimism

Wall St. eases from record levels at open after report dents trade optimism

Wall Street's main stock indexes eased from record highs at the open on Monday after a report stoked concerns that a U.S.-China trade deal might not get through.



6 years ago
Global trade umpire: the next casualty of Trump's tariff war?

Global trade umpire: the next casualty of Trump's tariff war?

U.S. President Donald Trump has upended the global trade order with a slew of tariffs on economic rivals: now, Washington has redoubled its efforts to paralyze the very body designed to settle such disputes.



6 years ago
Visa R&D Arm Develops a Blockchain System That Could Replace Financial Data Aggregators

Visa R&D Arm Develops a Blockchain System That Could Replace Financial Data Aggregators

Coindesk |Nathan DiCamillo | Nov 18, 2019 The Takeaway The research arm of payment card giant Visa has published a paper describing the development of LucidiTEE, a blockchain system for orchestrating sensitive data among multiple parties. For example, the paper outlines a system that would allow banks and fintech applications to share data without relying

6 years ago
Satellite stock Intelsat drops 40% after FCC 5G decision

Satellite stock Intelsat drops 40% after FCC 5G decision

The Federal Communications Commission (FCC) announced on Monday that it will publicly auction off a valuable telecommunications asset.

6 years ago
WeWork's 2025 junk bond falls to record low

WeWork's 2025 junk bond falls to record low

Shared-office operator WeWork's 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.



6 years ago
HP says open to exploring bid for Xerox

HP says open to exploring bid for Xerox

HP Inc said on Sunday it was open to exploring a bid for U.S. printer maker Xerox Corp after rebuffing a $33.5 billion cash-and-stock acquisition offer from the latter as "significantly" undervaluing the personal computer maker.



6 years ago
Morgan Stanley says global growth should recover in 2020 as trade tensions and monetary policy ease

Morgan Stanley says global growth should recover in 2020 as trade tensions and monetary policy ease

The bank forecasts global economic growth of 3.2% next year, compared to 3% in 2019.

6 years ago