Latest News on private equities market

UAW, Mack Trucks agree tentative deal, suspend two-week strike

UAW, Mack Trucks agree tentative deal, suspend two-week strike

United Auto Workers (UAW) suspended a two-week-long strike after reaching a tentative deal with Volvo's Mack Trucks on Thursday, both parties said.



7 years ago
SoftBank to write down minimum $5 billion for WeWork, other losses: Bloomberg

SoftBank to write down minimum $5 billion for WeWork, other losses: Bloomberg

SoftBank Group Corp is poised to write down at least $5 billion to account for a sharp drop in the value of some of its biggest holdings including WeWork and Uber Technologies Inc , Bloomberg reported.



7 years ago
Indonesia's report on Lion Air 737 MAX crash recommends redesign, better training: Seattle Times

Indonesia's report on Lion Air 737 MAX crash recommends redesign, better training: Seattle Times

Indonesia has recommended closer scrutiny of automated control systems, better design of flight deck alerts and accounting for a more diverse pilot population in the wake of a Boeing Co 737 MAX crash, the Seattle Times reported http://bit.ly/2WbsSYR.



7 years ago
U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation.



7 years ago
HSBC, StanChart results to show Hong Kong protests are starting to gnaw

HSBC, StanChart results to show Hong Kong protests are starting to gnaw

HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for the two banks, when they report quarterly earnings next week.



7 years ago
Amazon's faster shipping dents profits, more pain to come

Amazon's faster shipping dents profits, more pain to come

Amazon.com Inc's chief financial officer on Thursday said costs for its one-day shipping program will spike to around $1.5 billion during the holiday season as the online retailer speeds up free delivery to woo shoppers and fend off rivals like Walmart Inc and Target Corp.



7 years ago
Walmart pulls 22-ounce J&J baby powder from shelves - CNBC

Walmart pulls 22-ounce J&J baby powder from shelves - CNBC

Walmart Inc has removed and blocked sales of Johnson & Johnson's 22-ounce baby powder bottles from its stores, CNBC reported on Thursday, making it the third large retailer to pull the product.



7 years ago
This account might cause snags when you claim Social Security

This account might cause snags when you claim Social Security

The rules for health savings accounts can cause tax complications if you delay tapping your government benefits beyond full retirement age.

7 years ago
A star stock picker is closing his fund because investors told him that style doesn't work anymore

A star stock picker is closing his fund because investors told him that style doesn't work anymore

Star stock picker Jeffrey Vinik says that he's shuttering his funds because would-be investors balked at his investment strategy

7 years ago
Massachusetts accuses Exxon in lawsuit of climate change deceit

Massachusetts accuses Exxon in lawsuit of climate change deceit

Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.



7 years ago
FTC staff recommends approval of Roche deal for Spark: report

FTC staff recommends approval of Roche deal for Spark: report

The Federal Trade Commission staff reviewing Roche's plan to buy U.S.-based gene therapy specialist Spark Therapeutics for $4.3 billion recommended that the deal be approved without requiring any asset sales, the Capitol Forum reported on Thursday.



7 years ago
Albemarle cuts 2019 forecast on lithium price pressure

Albemarle cuts 2019 forecast on lithium price pressure

Albemarle Corp , the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading.



7 years ago
Intel data center rebound eases U.S.-China trade war worries

Intel data center rebound eases U.S.-China trade war worries

Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, powered by sales to data centers and easing concerns about slowing demand during the U.S.-China trade war.



7 years ago
Walmart, CVS and Rite Aid pull 22-ounce J&J baby powder off shelves

Walmart, CVS and Rite Aid pull 22-ounce J&J baby powder off shelves

Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson's baby powder from their stores, following the healthcare conglomerate's recall last week of some bottles due to possible asbestos contamination.



7 years ago
Barneys close to sale to Authentic Brands after rival bid fails: sources

Barneys close to sale to Authentic Brands after rival bid fails: sources

Luxury retailer Barneys New York Inc is close to being sold to licensing firm Authentic Brands Group LLC after a competing bid from a trade show executive failed to qualify for a bankruptcy auction, people familiar with the matter said on Thursday.



7 years ago