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Latest News on private equity markets

Here's how NFL linebacker Brandon Copeland is investing his money

New York Jet Brandon Copeland spends his time during the off season teaching others about money.

4 years ago

Exclusive: Impossible Foods eyes doubling valuation with new funding

Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.



4 years ago

Westpac CEO folds as money-laundering scandal weighs

Westpac Banking Corp said on Tuesday Chief Executive Brian Hartzer will step down and Chairman Lindsay Maxsted will bring forward his retirement, as the country's biggest money-laundering scandal rocks Australia's No.2 retail bank.



4 years ago

AIG to sell stake in Fortitude Re for $1.8 billion

U.S. insurer American International Group Inc said on Monday it would sell a 76.6% stake in reinsurance company Fortitude Re to buyout fund Carlyle Group and Japan's T&D Holdings for about $1.8 billion.



4 years ago

Texas, Nevada drop out of state AG group suing to block Sprint, T-Mobile merger

Texas' attorney general settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination.



4 years ago

Pelosi says U.S.-Mexico-Canada trade deal is 'within range'

U.S. House of Representatives Speaker Nancy Pelosi said on Monday that a version of the U.S.-Mexico-Canada trade agreement that House Democrats could back was "within range" but that they needed to conduct a final review.



4 years ago

U.S. securities regulator proposes new rules on use of derivatives in exchange traded funds

The U.S. securities regulator on Monday proposed new regulations for the use of derivatives by investment funds to introduce some safeguards for more risky products and increase competition.



4 years ago

Australia's Westpac loses top two executives in money-laundering scandal

Australia's Westpac Banking Corp said on Tuesday its CEO will step down and its chairman will bring forward his retirement as a money-laundering scandal rocks the country's second-largest retail bank.



4 years ago

CBS ordered to disclose internal records on Viacom deal

A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies.



4 years ago

Hewlett Packard Enterprise revenue misses estimates, shares fall

Hewlett Packard Enterprise Co missed Wall Street estimates for quarterly revenue on Monday, hit by lower demand for its servers and storage products, sending its shares down about 4% in trading after the bell.



4 years ago

AIG to sell 76.6% stake in Fortitude Re for $1.8 billion

U.S. insurer American International Group Inc said on Monday it would sell a major portion of its stake in reinsurer Fortitude Re to buyout fund Carlyle Group and Japanese insurer T&D Holdings for about $1.8 billion.



4 years ago

Fed's Powell: Monetary policy well positioned to support strong labor market

Monetary policy is "well positioned" to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday.



4 years ago

Alibaba shares trading 7.7% higher in Hong Kong debut

Alibaba Group's Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city's biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba's Hong Kong debut had been a long time coming.



4 years ago

Oil prices steady amid hopes for U.S.-China trade deal

Oil prices were steady on Tuesday, holding onto gains from the previous session, after positive comments from the United States and China kept alive hopes that the world's two largest economies are soon to agree an end their trade war.



4 years ago

Asian stocks rise as trade talks gain momentum

Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street's main benchmarks to record highs.



4 years ago