DE Shaw gives searing indictment of waste at Emerson Electric, including fleet of 8 airplanes
The activist hedge fund releases voluminous report outlining all the ways in which Emerson Electric has failed shareholders.
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.
Banks reap $1 billion from U.S. mortgage bond trading boom
Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for...
Intel buys software business from Canada's Pivot Technology in 5G push
California chipmaker Intel Corp has agreed to purchase a software business from Toronto-based information technology firm Pivot Technology Solutions Inc , Intel said on Tuesday.
Wall Street gains after strong start to earnings season
Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade...
Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan
Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be...
Oil prices fall nearly 2% on China data, trade war jitters
Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret...
Citigroup plans to set up wholly-owned securities business in China: sources
Citigroup Inc plans to set up a wholly-owned securities business in China, people with knowledge of the matter said on Tuesday, taking advantage of Beijing's move...
Global stocks edge higher on Brexit hopes, trade optimism fades
Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce...
Volkswagen postpones final decision on Turkey plant: spokesman
Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country's military operation...
Fidelity to review ties with money manager after 'inappropriate' comments
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was...
Blackstone to launch tender offer for Japan's Unizo
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan's Unizo Holding at 5,000 yen ($46) a share, firing back...
Phase-out of Airbus, Boeing jets hits FACC's operating profit
Plane parts maker FACC's operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being...
Oil steady, retraces losses on talk of Brexit deal, hints of OPEC supply restraint
Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are...
Neil Woodford sacked as flagship Equity Income Fund to be shut
Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to pay back investors trapped...
Oil prices extend fall on China, global demand concerns
Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude...