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Latest News on private equity markets

U.S. companies cut back on installing robots in 2019

U.S. companies installed fewer robots in 2019 than they did the year before, the first cut back since 2015, as a downturn in manufacturing fueled by trade wars and weaker demand dampened appetite for the machines.



4 years ago

China's central bank gives green light to Mastercard's China JV for clearing business

China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.



4 years ago

JD Sports may have to sell Footasylum if it doesn't address competition concerns: watchdog

UK sportswear retailer JD Sports may have to sell Footasylum if it does not address competition concerns about last year's acquisition of its smaller rival, Britain's competition watchdog said on Tuesday after an in-depth review of the takeover.



4 years ago

KKR rules out offer for NMC, Italian-backed group confirms interest

Private equity firm KKR on Tuesday said it does not intend to make an offer for troubled NMC Health but Italian-backed GKSD Investment Holding confirmed it could bid.



4 years ago

IKEA brand owner appoints Abrahamsson Ring as CEO

Inter IKEA Group has appointed Jon Abrahamsson Ring as CEO from September, as the owner of the world's biggest furniture brand battles to adapt to new shopping habits and the rise of online rivals.



4 years ago

Oil rises from 13-month low as new virus cases slow

Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about a lasting hit to oil demand.



4 years ago

M&S names Greencore's Eoin Tonge as new finance chief

Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling a void left by the departure of Humphrey Singer at the end of last year.



4 years ago

Futures rise on hopes virus may be over soon; Sprint soars

U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares surged on hopes of favorable ruling for its merger with T-Mobile.



4 years ago

Fintech Varo gets one step closer to becoming an actual bank: 'We see it as a pretty big moat'

Mobile-only finance start-up Varo just got its long-awaited regulatory approval to become a full-scale bank.

4 years ago

Under Armour forecasts surprise sales drop, coronavirus hit; shares fall

Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, largely due to weakness in North America, and said the coronavirus outbreak in China would hurt sales in one of its fast-growing markets, sending shares tumbling 13%.



4 years ago

Sleeping giant awakens? Downside risks for euro grow

A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic metrics and a potential re-rating of the U.S. currency across the globe.



4 years ago

Finland's Supercell reports sales up 2% while core earnings slip

Finland's biggest game maker Supercell reported on Tuesday its full-year 2019 sales rose 2% to 1.39 billion euros ($1.52 billion) although core earnings slipped 4%.



4 years ago

T-Mobile-Sprint merger wins approval from U.S. judge

A federal judge on Tuesday approved a merger between No.3 and No.4 wireless carriers T-Mobile US Inc and Sprint Corp, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices.



4 years ago

From $300 T-shirts to retail arbitrage, online entrepreneurs can make serious bank doing what they love

For some entrepreneurs online reselling starts as a hobby or a closet clearing project. Then it becomes a side hustle or a full-time profession.

4 years ago

Fed Chair Powell says U.S. economy "resilient," but warns on coronavirus, productivity

Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress Tuesday, but cited a potential threat from the coronavirus in China and concerns about the economy's long-term health.



4 years ago