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Latest News on private equity markets

Elliott renews call to split Marathon Petroleum

Elliott Management Corp on Wednesday renewed its demand for Marathon Petroleum Corp to split into three companies, saying such a move would boost shareholder value by as much as $40 billion.



4 years ago

Ford self-driving cars to launch in Austin in 2021

Ford Motor Co said on Wednesday it will add Austin, Texas, to the short list of cities where it plans to launch a commercial transportation service using automated vehicles in 2021.



4 years ago

Saudi Arabia says consulting on next steps after attack, waiting for inquiry results

Saudi Arabia is in consultation "with friends and allies about the next steps to take" after an attack on Sept. 14 on the world's biggest crude oil processing facility, but is waiting for the findings of an investigation, Saudi Arabia's Minister of State for Foreign Affairs Adel al-Jubeir told reporters on Wednesday.



4 years ago

U.S. slaps new sanctions on Chinese entities over Iran oil

The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from Iran in violation of Washington's curbs on Tehran, U.S. Secretary of State Mike Pompeo said on Wednesday.



4 years ago

Volkswagen CEO, chairman will stay in office despite charges: supervisory board

Volkswagen's chief executive and chairman will stay in office, the company's supervisory board said in a statement on Wednesday, a day after German prosecutors pressed charges against them for their role in a diesel emissions scandal.



4 years ago

Activist wants Marathon Petroleum to split off Speedway gas stations and is gaining support

The call for Marathon Petroleum to split into separate businesses is gaining momentum among activist investors.

4 years ago

Bernie Sanders wants to overhaul the nation's credit reporting system. Here's how

Bernie Sanders wants to change the way your credit score is calculated.

4 years ago

70% of workers quit at current $7.25 federal minimum wage in 'brutal' turnover cycle

Wages aren't everything, but 70% of workers being paid the current federal minimum wage of $7.25/hour are likely to quit, according to a survey from Gusto. But the research also shows that does not mean a $15 minimum wage is a complete solution.

4 years ago

Trump says trade deal with China could happen sooner than people think

U.S. President Donald Trump said on Wednesday that a deal to end a nearly 15-month trade war with China could happen sooner than people think.



4 years ago

Thyssenkrupp faces more turmoil as CEO Kerkhoff set to leave

Thyssenkrupp said it was preparing to replace Chief Executive Guido Kerkhoff, making him the latest casualty at the German steel-to-submarines conglomerate which has been in crisis mode for more than a year.



4 years ago

CEOs are exiting at a record pace with WeWork, Juul and Ebay bosses out in just the last 24 hours

CEO turnover hit an all-time record high in August and September is looking to be no different.

4 years ago

GM and UAW union making progress in talks for new labor deal: sources

General Motors Co and the union that represents its 48,000 striking hourly workers in the United States have made progress in talks toward a new labor deal but are grappling with issues over the pay and job security of newer and temporary workers, two people familiar with the talks said on Wednesday.



4 years ago

VW board, workers support top managers despite indictment

Volkswagen's supervisory board and workers on Wednesday gave their backing to the carmaker's top managers a day after German prosecutors pressed charges related to the diesel emissions scandal.



4 years ago

Mexico markets slump on worries about Trump inquiry and trade deal

Mexico's peso and stock market slumped on Wednesday in response to an impeachment inquiry against U.S. President Donald Trump, with trade experts warning the probe risked derailing the passage of the USMCA trade deal through U.S. Congress.



4 years ago

Wall Street indexes hit session high on Trump's China trade comments

U.S. stock indexes hit session highs on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected.



4 years ago