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Latest News on private equity markets

New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for news.



3 years ago

Ackman's Pershing Square exited ADP and United Tech investments: source

William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.



3 years ago

Bosch sees sales stagnating in 2019: CEO in Sueddeutsche Zeitung

Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company's rivals.



3 years ago

S&P 500 futures fall after U.S. Treasury calls China currency manipulator

S&P 500 futures dropped 1.2% late on Monday after the U.S. Treasury Department labeled China as a currency manipulator.



3 years ago

Two Democratic senators question Pentagon delay on cloud contract

Two Democratic senators asked U.S. Defense Secretary Mark Esper on Monday if "outside" influence caused him to delay awarding a $10 billion cloud computing contract, after President Donald Trump suggested Amazon.com Inc should not win it.



3 years ago

Big U.S. investors use summer sell-off to ramp up bets

The summer sell-off is finally here - and not all U.S. investors are rattled by it.



3 years ago

Japan's FTC investigating Apple over pressure on parts makers: Mainichi

Japan's Fair Trade Commission is investigating Apple Inc over its pressure on Japanese parts makers and whether it abused its position of power in violation of antimonopoly rules, the Mainichi newspaper reported on Tuesday.



3 years ago

Asset managers farm out trading as costs and complexity climb

It's 10 o'clock at night, and Benjamin Arnold's day is just beginning. The former Goldman Sachs trader is gearing up to trade equities in Asia from his small office thousands of miles away in Park City, Utah.



3 years ago

Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources

Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar with plant operations.



3 years ago

Global stocks deepen losses as U.S. brands China currency manipulator

Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.



3 years ago

Stocks deepen losses as U.S. puts yuan in trade war crosshairs

Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.



3 years ago

Stock losses steepen as U.S. puts yuan in crosshairs

Global stocks extended already substantial losses on Tuesday as China's yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.



3 years ago

With China a 'manipulator,' heightened pressure on Fed to ease

Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of "simmering" trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.



3 years ago

Offshore yuan hits record low after U.S. brands China a currency manipulator

China's offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a "currency manipulator" in a rapidly escalating trade war between the world's two biggest economies.



3 years ago

Explainer: U.S. branding of China as currency manipulator offers few new remedies

Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not already been employed in two years of trade negotiations with Beijing.



3 years ago