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Latest News on private equity markets

Profit rise lifts Peugeot shares ahead of Fiat merger

Peugeot maker PSA Group said on Wednesday profitability reached a record high in 2019, results that contrasted with those of many rivals and boosted the group's shares as it beds down a merger with Italy's Fiat Chrysler.



4 years ago

Some weird tax breaks have become harder to claim

How far are you willing to go to claim that aggressive tax break? Pushy taxpayers seeking obscure deductions are sometimes willing to spend years debating the matter in Tax Court.

4 years ago

World shares slump for fifth day, bets grow on rate cuts to counter damage

World stocks tumbled for the fifth straight day on Wednesday, while safe-haven gold rose back towards seven-year highs after health authorities warned of a possible coronavirus pandemic and markets stepped up bets on interest rate cuts.



4 years ago

Too early for the ECB to contemplate coronavirus response: Makhlouf

It is too early for the European Central Bank to assess whether it needs to respond to the coronavirus epidemic with policy, even if the epidemic presents a risk to growth, Irish central bank chief Gabriel Makhlouf said on Wednesday.



4 years ago

Amid coronavirus scare, US colleges cancel study abroad programs

In the face of a global health emergency, some university study abroad programs are sending students home immediately. Others are staying open — for now.

4 years ago

Delta Air waives travel change fees for South Korea as coronavirus spreads

Delta Air Lines Inc said on Wednesday it has expanded its travel change fee waiver to include Seoul, South Korea, through April 30, as coronavirus spreads to regions outside China.



4 years ago

U.S. Supreme Court allows retirement plan lawsuit against Intel

The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.



4 years ago

Debt among oldest Americans skyrockets 543% in two decades

Debt among older Americans has increased dramatically since 1999, due partly to the erosion of the country's social safety net.

4 years ago

ESG investing is a 'complete fraud,' Chamath Palihapitiya says

Social Capital founder Chamath Palihapitiya said ESG investing is 'a lot of sizzle, no steak.'

4 years ago

Warren Buffett is 'completely wrong and outdated' on bitcoin, Chamath Palihapitiya says

Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin.

4 years ago

Wall Street gains ground after virus-driven selloff

Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.



4 years ago

Virgin Money plans to cut 500 jobs and close 52 branches

British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.



4 years ago

Walmart in talks with third parties over investment in UK arm Asda

Walmart , the world's largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury's last year.



4 years ago

Oil inches up on U.S. crude inventories, coronavirus limits gains

Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.



4 years ago

Lufthansa and United weigh takeover of Portugal's TAP: Sueddeutsche

Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.



4 years ago