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Latest News on private equity markets

This age could be the new benchmark for retirement

As workers extend their careers before retirement, the traditional retirement age of 65 is becoming passe. Here's when workers in the U.S. and around the world are really calling it quits, if they do at all.

4 years ago

Wells Fargo to overhaul reporting lines: WSJ

Wells Fargo & Co is overhauling its reporting lines, marking Chief Executive Officer Charles Scharf's first move to stamp out the structure implicated in its fake-account scandal, The Wall Street Journal reported on Tuesday.



4 years ago

FTC demands data about acquisitions from Google, Amazon.com, Apple, Facebook and Microsoft

The Federal Trade Commission has issued special orders to five big tech companies -- Alphabet's Google , Amazon.com , Apple , Facebook and Microsoft -- to provide information about mergers that were too small to report to antitrust agencies, the agency said on Tuesday.



4 years ago

German conservative lawmakers back compromise on 5G: sources

Lawmakers from German Chancellor Angela Merkel's ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China's Huawei, sources said.



4 years ago

Stocks surge to record highs on hopes virus is peaking, gold ebbs

Key U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over in April, a rosy outlook that helped crude prices to rebound on renewed Chinese demand.



4 years ago

Banks, fintech startups clash over ‘the new oil’ — your data

Politico | Victoria Guida | Feb 7, 2020 Fintech companies argue that giving banks a tight grip over the flow of information will allow the big lenders to snuff out new competitors. The nation’s banks are locked in a bitter fight with upstart technology companies over the control of their customers' financial data — and

4 years ago

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.



4 years ago

How to delay or ditch Medicare and pick it up later without paying penalties

If a job is (or will be) part of your post-65 life, be sure you know the rules for putting off or dropping Medicare due to workplace coverage — and the deadlines you'll face when you go to pick it back up — so you don't have to pay late-enrollment penalties.

4 years ago

PayPal funds academic research on illegal firearms transactions

PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.



4 years ago

FTC demands data about small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to five big tech companies - Alphabet Inc's Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp - to provide information about mergers too small to report to antitrust agencies, the agency said on Tuesday.



4 years ago

S&P 500, Nasdaq set course for new closing highs as coronavirus fears abate

Wall Street advanced on Tuesday with the S&P 500 and the Nasdaq on track to score their second consecutive record highs after officials said the deadly coronavirus could be contained by April.



4 years ago

Oil prices rise from 13-month low as new virus cases slow

Oil prices edged up from 13-month lows on Tuesday as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.



4 years ago

Samsung unveils foldable Galaxy Z phone, challenging Apple design and tech

Samsung Electronics on Tuesday unveiled a square-shaped foldable smartphone, its second try at a novel technology that the Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.



4 years ago

China c.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

Exclusive: Germany's Volkswagen and Daimler push for more 'sustainable' Chile lithium

German automakers Volkswagen and Daimler have launched a study to push for more "sustainable" lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom.



4 years ago