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Latest News on private equity markets

GM, union close to deal to end month-long UAW strike: sources

General Motors Co and the United Auto Workers union were near a deal on Tuesday to end a 30-day strike that has cost the automaker about $2 billion after Chief Executive Mary Barra and President Mark Reuss took part in contract talks, according to two people briefed on the matter.



5 years ago

How to prevent your retirement savings from running out

People entering retirement will have to devise a smart strategy of how to spend their savings.

5 years ago

Oil falls on weaker economic growth forecasts and swelling U.S. crude stocks

Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices.



5 years ago

Private market gives WeWork shares the cold shoulder

Trading in shares of WeWork in the private over-the-counter (OTC) market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value.



5 years ago

Global stocks jump on report Brexit deal may be close, oil slips

Stocks in Europe and on Wall Street jumped about 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economic fears.



5 years ago

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher and Philadelphia's board of pensions said it terminated its business with his firm after Fisher allegedly made disparaging remarks about women at a conference last week.



5 years ago

Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike

Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike - the latest twist in the telecom company's battle to buy Liberty Global's Swiss business.



5 years ago

United lifts 2019 profit target as strong travel demand outweighs MAX crisis

United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX.



5 years ago

Wall Street gains as earnings season begins in earnest

Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market.



5 years ago

Some brokers game the system to scrub complaints from their records, report claims

A new report from an investor advocacy group claims that some brokers and brokerages are abusing the regulatory system to erase customer complaints against them.

5 years ago

Nevada gaming regulators seek ban on Steve Wynn from state's casino industry

Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state's casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed.



5 years ago

MGM Resorts to sell Bellagio, Circus Circus assets for about $5 billion

MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the casino operator adopts an asset-light strategy to bolster its balance sheet.



5 years ago

U.S. prosecutors accuse Turkey's Halkbank of scheme to evade Iran sanctions

Federal prosecutors in New York on Tuesday charged Turkey's Halkbank with taking part in a multibillion-dollar scheme to evade U.S. sanctions against Iran.



5 years ago

Wells Fargo reports falling profit as legal costs mount

Wells Fargo & Co reported lower profits on Tuesday as the bank braced for additional legal expenses tied to a scandal that erupted more than three years ago.



5 years ago

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by the Fed on Tuesday.



5 years ago