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Latest News on private equity markets

Best Buy targets $50 billion in revenue in 2025

Best Buy Co Inc is aiming to rake in revenue of $50 billion in 2025 as it adds new products and bolsters investments as part of the second phase of its growth plan, the biggest U.S. consumer electronics retailer said on Wednesday.



4 years ago

Factbox: Thomas Cook collapse prompts international response

The collapse of British travel operator Thomas Cook left hundreds of thousands of holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home.



4 years ago

Aston Martin rating cut deeper into junk amid Brexit, tariff worries: S&P

Ratings agency Standard & Poor's has cut its credit rating on storied carmaker Aston Martin Lagonda Holdings deeper into junk territory on Wednesday amid concerns over the UK's exit from the European Union and threat of U.S. tariffs.



4 years ago

Stock futures fall on Trump impeachment push, Nike gains

U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of uncertainty, with forecast-beating results from Nike Inc helping dispel some gloom.



4 years ago

Trump impeachment move knocks stocks, Brexit rattles pound

World stocks fell to a two-week low and risk assets withered on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, raising the prospects of prolonged political uncertainty amid a fresh rise in trade tensions.



4 years ago

German authorities seek information from Deutsche Bank in relation to Danske Bank

German authorities have been seeking information at Deutsche Bank's Frankfurt headquarters in relation to Danske Bank , Frankfurt prosecutors said on Wednesday.



4 years ago

IKEA reports record sales as online revenue surges

IKEA reported annual sales above 40 billion euros ($44 billion) for the first time on Wednesday as the Swedish furniture group's push into e-commerce produced another surge in online revenue.



4 years ago

Former Danske Estonia boss found dead amid money laundering inquiry

A former head of Danske Bank's Estonian branch, which is at the center of global investigations into the world's largest money laundering scandal, has been found dead near his home in Estonia.



4 years ago

There could be a new factor to your credit score: the president of the United States

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

4 years ago

70% of workers quit at current 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

Philip Morris and Altria ditch merger talks amid vaping crackdown

Philip Morris International has scrapped merger talks with Altria Group and will instead focus on the launch of its tobacco-heating product iQOS in the United States, the company said on Wednesday.



4 years ago

Credit Suisse says Netflix earnings are likely going to disappoint

Credit Suisse just joined a slew of analysts worried about Netflix's earnings.

4 years ago

Here are the biggest analyst calls of the day: Nvidia, KB Home, Comcast & more

Here are the biggest calls on Wall Street on Wednesday

4 years ago

Google to change how news results appear in Search for French users

Alphabet Inc's Google will change how results for news articles appear on search results in France, the company said, complying with the new copyright law of European Copyright Directive that is being introduced in the country in late October.



4 years ago

Goldman says buy Nvidia as its gaming business grows, raises price target

Goldman Sachs raised its price target on gaming technology company Nvidia to $192 from $179.

4 years ago