In trading revamp, Goldman's message to staff: be like dealmakers
Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall a whopping 84%, as post-financial crisis regulations upended Wall...
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.
U.S. boutique banks woo French bankers in Paris advisory push: sources
Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers...
Renault warns sales to fall in 2019 as automakers struggle
France's Renault on Thursday cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as...
Saudi Aramco delays planned IPO: FT
Saudi Aramco has delayed the planned launch of its initial public offering (IPO), the Financial Times reported on Thursday, citing three people familiar with the matter.
NTSB to determine probable cause of fatal Uber self-driving crash
The U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc self-driving...
Union Pacific misses profit expectations amid trade war, to cut spending, jobs
Railroad operator Union Pacific Corp on Thursday reported quarterly profit that missed analysts' estimates and said it would cut capital spending and jobs as the multi-front...
Wall Street higher on strong earnings, Brexit deal
U.S. stocks rose on Thursday on the back of strong earnings from Netflix and Morgan Stanley, with Britain's preliminary last-minute deal with the European Union adding...
UAW deal with GM to end strike includes pay raises, but three plants would close
The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co as part of its tentative deal to end...
Morgan Stanley executives offer cautious outlook after profit beat
Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic...
Ford partners with Volkswagen, Amazon to build charging network for cars
Ford Motor Co said on Thursday it was teaming up with Volkswagen AG and Amazon.com to give its future electric car customers a range of charging...
Volkswagen gets more time from U.S., auditor to comply with diesel settlement terms
Volkswagen will get 90 more days to test its compliance programs required under a criminal plea agreement with the U.S. government after an emissions cheating scandal,...
White House adviser says there is momentum for initial China trade pact
White House economic adviser Larry Kudlow said on Thursday there was momentum to finalize the initial phase of a U.S.-China trade deal that was outlined last...
Fitbit in healthcare partnership to take on Apple Watch
Fitbit Inc is developing a method to detect irregular heart rhythm in time through a partnership with Bristol-Myers Squibb-Pfizer Alliance, as the wearable device maker looks...
Cannabis legislation progresses, yet US companies and US cannabis investors are moving in reverse
Legislation to legalize and regulate cannabis in the U.S. continues to gain steam but commercial and investment banks are moving in the opposite direction.
Stocks, sterling rise on long-awaited Brexit deal
A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak...