Latest News on private equities market

BlackRock profit beats as its low-risk funds attract more money

BlackRock Inc , the world's largest asset manager, beat analysts' estimates for quarterly profit on Tuesday, as more money rolled into its fixed-income funds against the backdrop of an uncertain global economy.



6 years ago

Google share of search ad market high but shrinking: eMarketer

Alphabet Inc's Google dominates the growing U.S. search ad market but Amazon.com Inc is growing fast, according to data from the market research company eMarketer released on Tuesday.



6 years ago

U.S. pension funds took positions in blacklisted Chinese surveillance company

Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China.



6 years ago

How Amazon.com moved into the business of U.S. elections

Amazon.com Inc's cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.



6 years ago

Former Thomas Cook boss defends record after firm's collapse

The former chief executive of bankrupt travel firm Thomas Cook said on Tuesday he understood public anger over his pay but defended his record, saying he had worked tirelessly to try to save the company.



6 years ago

Futures rise as third-quarter earnings start on strong note

U.S. stock index futures rose on Tuesday, as the third-quarter earnings season got off to an upbeat start with robust reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson.



6 years ago

JPMorgan profit boosted by bond trading, strong underwriting

JPMorgan Chase & Co beat Wall Street estimates for quarterly profit by a wide margin on Tuesday, underpinned by strength in bond trading, underwriting and home lending revenue.



6 years ago

Goldman profit hurt by weak underwriting, M&A

Goldman Sachs Group Inc reported a 27% slump in quarterly profit on Tuesday, hit by lower fees from advising on deals and weakness in underwriting.



6 years ago

UAW strike has now cost $2 billion, could 'bring GM to its knees,' Bank of America says

The strike by General Motors workers has cost about $2 billion in lost profit through the first four weeks, Bank of America estimated.

6 years ago

J&J bumps up full-year profit view on strength of cancer drugs

Johnson & Johnson on Tuesday boosted its full-year adjusted profit forecast, as multi-billion dollar sales of its cancer drugs Darzalex and Imbruvica helped it beat estimates for third-quarter profit.



6 years ago

Blackstone turns up heat on hotelier Unizo with tender offer

Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the Japanese hotel chain.



6 years ago

Volkswagen postpones final decision on Turkey plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country's military operation in Syria and concerns about potential reputational fallout.



6 years ago

Oil prices steady on trade war jitters but OPEC hints supply restraint

Oil prices steadied on Tuesday after two days of losses amid U.S.-China trade talks which have investors on edge, but OPEC said it hoped to balance markets beyond 2020 in a sign of possible further supply curbs.



6 years ago

Consumer banking powers Citigroup's profit beat

Citigroup Inc reported higher profit and revenue on Tuesday, driven by growth in its global consumer business and lower expenses.



6 years ago

Wells Fargo profit slumps 26% on legal costs

Wells Fargo & Co reported a 26% slump in quarterly profit on Tuesday, as mortgage income sank and it braced for additional legal expenses tied to a sales practices scandal that erupted more than three years ago.



6 years ago