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Latest News on private equity markets

Wall St hits fresh highs as new coronavirus cases drop

Wall Street's main indexes hit record highs on Wednesday on optimism that the coronavirus epidemic will be contained and as Bernie Sanders cemented his front-runner status in the race of the Democratic nomination.



5 years ago

Trump's budget could make it harder to stay on Social Security disability insurance

Though President Donald Trump has repeatedly vowed to protect Social Security benefits, his budget includes big cuts to parts of the program. One proposal could make it more difficult for individuals to keep receiving disability benefits.

5 years ago

How your ex can ruin your financial plans long after the divorce

Signing the divorce decree isn't enough to get your ex out of your life. Here's why your finances may feel the pain long after your spouse has packed up and left.

5 years ago

Mexico's America Movil to focus on bringing 5G to Latin America

America Movil, Mexico's largest telecommunications provider, shed light on its plans to roll out 5G technology in Latin America on Wednesday as the company's shares surged on a strong earnings report.



5 years ago

Nestle bets on shark tank, startups and students to boost innovation

Food giant Nestle has set up new structures to turn innovative ideas from outside and inside the company into new products, its technology head told journalists on Wednesday ahead of the publication of the group's full-year results.



5 years ago

Organizers cancel Barcelona's Mobile World Congress over coronavirus fears

The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was canceled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.



5 years ago

Wall Street reaches record highs on waning coronavirus fears

All three major U.S. stock averages reached record highs on Wednesday as news that the dreaded coronavirus could be running out of steam kept buyers in the ring.



5 years ago

Insurance comparison firm SelectQuote taps banks for IPO: sources

SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter.



5 years ago

Alstom board to discuss buying Bombardier rail unit: sources

Alstom's board will meet late on Wednesday to discuss buying Bombardier's rail unit, sources familiar with the matter said, and a media report said the French train maker had valued the business at just under $7 billion.



5 years ago

Boeing unlikely to hit pre-grounding output targets for 737 MAX before 2022

Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday.



5 years ago

SoftBank executive flags some 50 'winners' in $100 billion Vision Fund

SoftBank Vision Fund has around 50 winners in its $100 billion portfolio and a dozen or more companies could pursue listings over the next 18 months, Rajeev Misra, chief executive of SoftBank Investment Advisers, said on Wednesday.



5 years ago

Juul bought ad space on kids' websites, including Cartoon Network: lawsuit

E-cigarette maker Juul Labs Inc bought online advertisements on teen-focused websites for Nickelodeon, Cartoon Network and Seventeen magazine after it launched its product in 2015, according to a lawsuit filed on Wednesday by the Massachusetts attorney general's office.



5 years ago

Two items buried in Trump's budget call for big changes to Medicare

While most of the proposals involving Medicare are largely aimed at behind-the-scenes shifts, the budget also would make it easier for older Americans to opt out of Medicare and would allow recipients to put money in tax-advantaged accounts earmarked for health-care costs.

5 years ago

Charlie Munger warns there are 'lots of troubles coming' because of 'too much wretched excess'

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future.

5 years ago

Stocks gain as China says fewer new coronavirus cases

Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand.



5 years ago