SoftBank's second-quarter whiplashed by $8.9 billion loss in Vision Fund
SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Cause of Philadelphia fire sounds alarm over aging U.S. refineries
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the...
Stocks fall as traders question next move in trade war
Asian shares fell on Wednesday for the first time in four trading sessions as investors awaited new developments that might scale back a bruising trade war...
SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble
SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its...
Blackstone CEO is optimistic U.S., China will agree trade deal
Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long...
IBM, Bank of America team up to launch financial services-specific cloud
International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp , which will be...
China considers up to $10 billion investment in Aramco IPO: Bloomberg
China's state-owned entities are in talks about investing $5 billion to $10 billion in Saudi oil giant Aramco's planned initial public offering, Bloomberg reported on Wednesday,...
U.S. sets sights on shipping companies for sanctions evasions
The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp down on such practices,...
Former UAW official, GM board member charged in UAW investigation
Former United Auto Workers vice president Joseph Ashton was charged in U.S. District Court in Detroit Wednesday with conspiracy to commit money laundering and wire fraud,...
Phillips 66 completely transparent in project financing: CEO
Phillips 66 Chief Executive Greg Garland said on Thursday the company is completely transparent in the financing of pipelines and other projects the independent U.S. refiner...
Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint
Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world's largest soft drinks maker seeks to reduce its...
Here's how much you can save toward retirement in 2020
You will be able to set aside more money for retirement in the new year, according to the IRS. Here's how much pre-tax money you can...
Canada PM cites 'positive momentum' on USMCA deal as top U.S. official visits
Canadian Prime Minister Justin Trudeau on Wednesday cited "positive momentum" in the U.S. process to ratify a new continental trade deal, which has been in limbo...
Wendy's sales warm on spicy chicken; burger chain looks to breakfast rollout
Wendy's Co reported strong North American sales on Wednesday, powered by spicy chicken nuggets and other special menu items, while the fast-food burger chain looks ahead...
CVS quarterly profit beats expectations; shares rise as it eyes growth
CVS Health Corp reported higher-than-expected third-quarter profit on Wednesday as medical costs in its Aetna health insurance business came in below forecasts, and the company said...