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Latest News on private equity markets

World shares remain near record peaks

World stocks remained just off record highs on Wednesday after climbing for five straight sessions, while Britain's pound nursed heavy losses as Brexit uncertainty returned.



5 years ago

AIG names COO Peter Zaffino as president

American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company's general insurance unit, as the company's president.



5 years ago

Saturday before Christmas expected to be the biggest U.S. shopping day of 2019

U.S. retailers are expected to ring up record sales on Super Saturday this year, as fewer days than usual between Thanksgiving and Christmas have squeezed shoppers to finish their purchases.



5 years ago

Wall Street holiday parties try dropping booze for bootcamps, smoothies

Fruit smoothies may become the new martini for Wall Street holiday parties.



5 years ago

Aramco shares slip on day of MSCI, Tadawul inclusion

Saudi Aramco shares fell almost 3% on Wednesday as investors pocketed profits on the day it was included in the MSCI Emerging Markets Index and the Saudi Tadawul index .



5 years ago

Indian tribunal backs Mistry's reinstatement at Tata Sons

Cyrus Mistry has won backing from a tribunal to be reinstated as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.



5 years ago

Drive me crazy: Colombia ride-hailing apps, tech firms bristle at regulations

Uber driver Juan Jose is quick to cover his cell phone with the red rag he keeps in his front seat whenever he spots a police officer on the streets of Bogota.



5 years ago

Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger

Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world's fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.



5 years ago

Merkel unaware of any pressure exerted by China over Huawei

German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats if Huawei were to be excluded from Germany's 5G rollout and she reiterated she was against excluding any single firm.



5 years ago

Someone just won the $372 Mega Millions jackpot. These should be their next steps

A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night. Here are the first steps they should take.

5 years ago

Credit card debt is worse for those with high income

As credit card balances steadily creep higher and Americans' confidence in their ability to pay their bills declines, this high-interest debt has become a problem across all income levels. But the wealthy may be struggling the most.

5 years ago

Paid parental leave on tap for 2.1 million Americans as bill heads to White House

Legislation headed to the president for his signature guarantees paid parental leave for 2.1 million federal workers. It's the first update to federal family leave policy in a generation.

5 years ago

Wall Street opens flat as record-setting rally runs out of steam

U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year.



5 years ago

Factbox: World's top automakers as PSA, FCA prepare to merge

Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.



5 years ago

Nearly 7% of Disney+ users with Netflix plan to cancel Netflix, survey shows

A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions.

5 years ago