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Latest News on private equity markets

Lowe's raises profit forecast, shares gain

Lowe's Cos Inc raised its full-year earnings forecast on Wednesday, as the home improvement chain's increased assortment of industrial products like drills and power saws attracted more high-spending building contractors and handymen.



4 years ago

Swedbank CEO vows to 'get to the bottom' of sanctions breach allegation

Swedbank CEO Jens Henriksson pledged to "get to the bottom" of an alleged transfer of funds from a Russian arms company which Swedish broadcaster SVT on Wednesday said may have violated U.S sanctions against Russia.



4 years ago

Junk loan market tensions signal end of buyout-led binge

Many investors are shunning the riskiest corners of the junk-rated U.S. corporate loan market because of concerns about possible credit rating downgrades, putting the brakes on a run of leveraged buyouts and debt-funded dividends.



4 years ago

Prosus urges Just Eat shareholders to accept its offer, reject Takeaway bid

Dutch technology company Prosus NV on Wednesday urged shareholders of Britain's Just Eat PLC to accept its unsolicited 4.9 billion pound ($6.3 billion) cash bid for the company by Dec. 10, and spurn an alternative offer as too risky.



4 years ago

Norwegian Air appoints new CEO to lead restructuring

Loss-making Norwegian Air has appointed a new chief executive to take charge of the budget carrier's ongoing restructuring, the board said on Wednesday.



4 years ago

Prosus criticizes rival Takeaway bid for Britain's Just Eat

Technology company Prosus on Wednesday criticized rival suitor Takeaway.com's bid for British food delivery service Just Eat, saying it presents "significant risks" for shareholders.



4 years ago

If Lufthansa doesn't make concessions, we'll announce strikes - union

Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions in a wage dispute.



4 years ago

Apple starts construction of new campus in Texas

Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.



4 years ago

Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources

Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world's biggest share sale.



4 years ago

Factbox: 'To Tim': Trump's tweets to Apple CEO Cook on factories, iPhones

Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America's most powerful men.



4 years ago

Target raises full-year forecast ahead of holiday season; shares surge

Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.



4 years ago

South African Airways running out of cash as unions seek to expand strike

South African Airways (SAA) is running out of cash and could be liquidated if the government doesn't give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.



4 years ago

Swedbank to investigate report of possible U.S. sanctions breach

Swedbank's chief executive Jens Henriksson vowed on Wednesday to "get to the bottom" of an alleged funds transfer from a Russian arms company, which Swedish public service broadcaster SVT said may have violated U.S sanctions.



4 years ago

Loss-making Norwegian Air appoints new CEO to lead restructuring

Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.



4 years ago

Shell UK gender pay gap widens slightly in 2019

Royal Dutch Shell's gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7% less than men.



4 years ago