Latest News on private equities market

Federal corruption probe hits home for UAW boss, contract talks under 'storm cloud'

Federal corruption probe hits home for UAW boss, contract talks under 'storm cloud'

The FBI on Wednesday conducted searches at the home of United Auto Workers President Gary Jones, a union retreat and multiple other locations as part of a corruption probe into illegal payments to union officials, posing fresh problems for the union at a pivotal time.



7 years ago

NFL should let players use CBD for pain management, says Hall of Fame rusher Terrell Davis

"It's worked for me. It's worked for a lot of players," the two-time Denver Broncos Super Bowl champion says.

7 years ago
Third Point, U.S. settle over antitrust filing in DowDuPont stake

Third Point, U.S. settle over antitrust filing in DowDuPont stake

Third Point LLC has agreed to pay more than $600,000 to settle allegations the hedge fund failed to properly file for antitrust clearance when it bought DowDuPont stock two years ago, the U.S. Justice Department said on Wednesday.



7 years ago
Stocks shed early losses; sterling tumbles on Brexit jitters

Stocks shed early losses; sterling tumbles on Brexit jitters

A gauge of equities worldwide shed early losses on Wednesday as Wall Street stocks rose despite looming recession jitters, while sterling tumbled as Britain's prime minister moved to restrict parliamentary time before the country's planned departure from the European Union.



7 years ago
IMF staff analyzing Argentina's new debt plan: spokesman

IMF staff analyzing Argentina's new debt plan: spokesman

The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina's Treasury Ministry on Wednesday, an IMF spokesman said.



7 years ago
U.S. trade agency affirms Trump's extra 5% tariff hike on Chinese goods

U.S. trade agency affirms Trump's extra 5% tariff hike on Chinese goods

The U.S. Trade Representative's office on Wednesday reaffirmed President Donald Trump's plans to impose an additional 5% tariff on a list of $300 billion of Chinese imports starting on Sept. 1 and Dec. 15.



7 years ago
Over 200 U.S. footwear companies urge Trump to scrap proposed tariff hike

Over 200 U.S. footwear companies urge Trump to scrap proposed tariff hike

More than 200 U.S. footwear companies on Wednesday urged U.S. President Donald Trump to cancel proposed higher tariffs on Chinese imports that take effect beginning next month, calling them hidden taxes that will jack up consumer prices.



7 years ago
Wall Street rebounds as financial shares gain

Wall Street rebounds as financial shares gain

Gains in financial shares helped U.S. stocks reverse early losses on Wednesday, although investors were guarded amid worries about a recession and trade tensions between the United States and China.



7 years ago
Huawei plans high-end phone launch under cloud of Android ban

Huawei plans high-end phone launch under cloud of Android ban

Huawei Technologies plans to forge ahead with the launch of new high-end smartphones in Europe even though it may not be able to offer Google's official Android operating system and widely used apps such as Google Maps, company executives told Reuters.



7 years ago
Explainer: U.S. dollar intervention: What would it take?

Explainer: U.S. dollar intervention: What would it take?

The strength of the U.S. dollar has long been a thorn in President Donald Trump's side. That has put the almost unthinkable scenario of currency intervention up for debate in global foreign exchange circles.



7 years ago
Tiffany profit tops Street estimates, sales fall on tourist spending drop

Tiffany profit tops Street estimates, sales fall on tourist spending drop

Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs, even as declines in tourist spending in the United States and political unrest in Hong Kong dragged on sales.



7 years ago
Over 200 U.S. companies urge Trump to cancel proposed higher tariffs

Over 200 U.S. companies urge Trump to cancel proposed higher tariffs

Over 200 U.S. footwear companies on Wednesday urged U.S. President Donald Trump to cancel proposed higher tariffs on Chinese imports that take effect beginning next month, calling them hidden taxes that will jack up consumer prices.



7 years ago
U.S. trade agency affirms Trump's tariff hike on Chinese goods

U.S. trade agency affirms Trump's tariff hike on Chinese goods

The U.S. Trade Representative's office on Wednesday reaffirmed President Donald Trump's plans to impose an additional 5% tariff on a $300 billion list of Chinese imports starting on Sept. 1 and Dec. 15.



7 years ago
Coty sees revenue improving as turnaround plan takes shape; shares rise

Coty sees revenue improving as turnaround plan takes shape; shares rise

Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%.



7 years ago
Hudson's Bay to sell Lord + Taylor for $100 million

Hudson's Bay to sell Lord + Taylor for $100 million

Hudson's Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, as the retail operator culls its portfolio to a few key brands.



7 years ago