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Latest News on private equity markets

BMO restructuring charge to lead to hundreds of job losses

CBC | BMO Release | Dec 3, 2019 BMO says restructuring charge to affect about 5% of global workforce, without offering specifics The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of its global workforce.

4 years ago

Workday third-quarter profit, revenue beat; shares rise

Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software.



4 years ago

Wall Street falls as trade hopes wane

U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war.



4 years ago

Former Bumble Bee tuna CEO found guilty of price fixing

The former chief executive of Bumble Bee Foods LLC, Chris Lischewski, was found guilty of price-fixing on Tuesday, a court filing showed.



4 years ago

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.



4 years ago

Without a trade deal this year, 'I don't know if I want to be around equities,' Jeremy Siegel says

"Utilities and defensive stocks, anything that gets you yield, I think is going to do pretty well in 2020," Siegel said.

4 years ago

U.S. has not ruled out imposing tariffs on imported autos: Commerce chief Ross

U.S. Commerce Secretary Wilbur Ross said on Tuesday the Trump administration has not ruled out imposing tariffs on imported autos, after letting a review period end in November with no action.



4 years ago

Trump has upended relationships with nine of 10 top U.S. trading partners

During his election campaign in 2016, U.S. President Donald Trump promised to shake up global trade and bring down America's growing trade deficits.



4 years ago

What to think about before you gift a Peloton or other big-ticket item this holiday

A recent ad from Peloton shows a man gifting his wife the popular bike for Christmas. If you're tempted to shell out thousands of dollars on a present this holiday season, here's what you should consider first.

4 years ago

Google co-founders step aside as Pichai takes helm of parent Alphabet

Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc , the company said in a blog post on Tuesday, reflecting the increasingly diminished public role of Page and Sergey Brin at the company they co-founded 21 years ago.



4 years ago

Factbox: New Alphabet chief started at Google, made name with Android

Google Chief Executive Officer Sundar Pichai will replace company co-founder Larry Page as CEO of parent Alphabet Inc , the company said in a blog post on Tuesday.



4 years ago

Proper U.S.-China trade deal more important than timing: Wilbur Ross

U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December - after the 2020 presidential election.



4 years ago

Brazilian investor group Abradin files complaint against Embraer-Boeing deal

A Brazilian group representing minority investors filed a complaint on Tuesday with Brazil's antitrust watchdog CADE against the Embraer-Boeing deal.



4 years ago

Stocks fall, bonds climb amid concern over longer trade war

A comment by President Donald Trump that a deal to end the U.S.-China trade war might not come until after the November 2020 election weighed on global stock markets on Tuesday, sending investors to the safety of bonds.



4 years ago

Huawei urging suppliers to break the law by moving offshore: Ross

China's telecoms giant Huawei has been encouraging its suppliers to violate U.S. law by telling them to move operations offshore in a bid to avoid U.S. sanctions, Commerce Department Secretary Wilbur Ross told Reuters on Tuesday.



4 years ago