Latest News on private equities market

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

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.

7 years ago
Goldman profit hurt by weak underwriting, M&A

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.



7 years ago
JPMorgan profit boosted by bond trading, strong underwriting

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.



7 years ago
Futures rise as third-quarter earnings start on strong note

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.



7 years ago
Former Thomas Cook boss defends record after firm's collapse

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.



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

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.



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

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.



7 years ago
Google share of search ad market high but shrinking: eMarketer

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.



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

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.



7 years ago
KKR consortium cancels Australia's Latitude IPO: sources

KKR consortium cancels Australia's Latitude IPO: sources

U.S. private equity firm KKR & Co and its partners have canceled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told Reuters.



7 years ago
UnitedHealth beats quarterly profit, raises earnings forecast

UnitedHealth beats quarterly profit, raises earnings forecast

UnitedHealth Group Inc beat analysts' estimates for quarterly profit and raised its 2019 earnings forecast on Tuesday, benefiting from strength in its core business of selling health plans and its pharmacy benefits unit.



7 years ago
Tesla to start Powerwall home battery installations in Japan

Tesla to start Powerwall home battery installations in Japan

Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.



7 years ago
Blackstone plans to launch tender offer for Japan's Unizo

Blackstone plans to launch tender offer for Japan's Unizo

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



7 years ago
UnitedHealth sees 2020 profit above Street target; shares climb 8%

UnitedHealth sees 2020 profit above Street target; shares climb 8%

UnitedHealth Group Inc on Tuesday provided an optimistic outlook for 2020 profit, saying it expected growth to be at least 13%, which outpaces current Wall Street estimates and sent its shares up as much as 8.6%.



7 years ago
You can trick yourself into saving more. Here's how

You can trick yourself into saving more. Here's how

If you want a bigger cushion of cash to fall back on, research shows that two lesser-known strategies can help you get there.

7 years ago