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Latest News on private equity markets

Fiat Chrysler's UAW members ratify new four-year contract

The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA .



5 years ago

Continental Resources says founder Hamm to step down as CEO

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and take a board role, the company said on Wednesday.



5 years ago

FAA probes Boeing 737 MAX production, says it won't approve jets' return this year

The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co's 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end.



5 years ago

Fed keeps rates on hold, points to 'favorable' economic outlook next year

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election.



5 years ago

Continental Resources founder Hamm to step down as CEO

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and become its executive chairman, the company said on Wednesday.



5 years ago

Factbox: How the North American trade deal will affect labor, environment, drugs

New amendments to the U.S.-Mexico-Canada trade agreement (USMCA) focus heavily on stronger labor enforcement, outlining a detailed process to address any allegations that Mexican factories are violating workers' rights.



5 years ago

Home Depot says peak investments to pressure 2020 margins

Home Depot Inc , the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.



5 years ago

Asian shares rise as Fed cheer offsets trade, UK angst

Asian stocks edged higher on Thursday after the Federal Reserve signaled rate settings were likely to remain accommodative but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.



5 years ago

High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources

U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts.



5 years ago

Australia tells Facebook and Google to commit to competition rules, or else

Australia said on Thursday technology giants such as Facebook Inc and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them.



5 years ago

Oil prices gain as OPEC revises deficit forecast

Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in U.S. crude inventories.



5 years ago

Asian shares climb on dovish Fed, but Brexit hurdle looms

Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signaled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.



5 years ago

Jim Cramer turns bullish on Tesla — 'I'm a true believer'

Elon Musk "is a great CEO when he can get out of his own way, and that seems to be what he's doing," the "Mad Money" host says.

5 years ago

Activism is the No. 1 way to create superior returns, hedge fund manager Jamie Dinan says

"In order to create alpha right now, activism is number one in my book, and I think that's true in any market," Jamie Dinan said.

5 years ago

After year of living dangerously, Fed likely to signal time to lay low

The U.S. Federal Reserve holds its last policy meeting of 2019 on Wednesday, having completed a year-long U-turn that saw it abandon a tightening cycle and lower borrowing costs three times in response to the global trade war.



5 years ago