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Latest News on private equity markets

Court grants Ryanair injunction to stop Irish pilot strike

The Irish High Court on Wednesday granted Ryanair an injunction to prevent its Dublin-based pilots from going on strike later this week.



5 years ago

Target quarterly same-store sales beat, raises full-year profit forecast

Target Corp beat Wall Street estimates for quarterly same-store sales on Wednesday, as the big box retailer benefited from higher online sales and an increase in shoppers at its stores, sending shares up 5% in pre-market trading.



5 years ago

Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla

Toni Sacconaghi said increased competition abroad is responsible for the weakness in Tesla's sales volume.

5 years ago

The number of 401(k) millionaires hits a new high — here's how to become one

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.

5 years ago

Futures gain on upbeat Target, Lowe's earnings; Fed minutes eyed

U.S. stock index futures rose on Wednesday as upbeat earnings reports from retailers Lowe's and Target reflected robust consumer demand, helping ease some concerns around slowing economic growth.



5 years ago

Target raises profit forecast as online sales power second-quarter beat

Target Corp beat Wall Street estimates for quarterly profit and raised its annual forecast on Wednesday, as higher investments to cater to changing shopping habits lifted online sales and attracted more shoppers, sending shares up 7%.



5 years ago

Texas shale towns grapple with growth as oil-bust fears fade

In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.



5 years ago

Negative-yielding corporate debt poses risks for investors 'unlike anything they've ever seen'

Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.

5 years ago

Osram to clear way for AMS takeover offer tonight: sources

Osram is likely to waive an agreement on Wednesday that currently prevents AMS from making a takeover bid, paving the way for the Austrian group to enter the ring against a bid from private equity investors, two sources told Reuters.



5 years ago

Amazon opens its biggest global campus in India

Amazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.



5 years ago

Target surges on same-day service boost

Target Corp raised its annual profit forecast on Wednesday after reporting better-than-expected quarterly results as higher investments to remodel stores and beef up digital business drew in more shoppers, sending shares up 17%.



5 years ago

Hedge funds are dumping tech stocks for health care

Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.

5 years ago

Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft

Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company's Brazil operations last year, Reuters has learned.



5 years ago

Norway mulls alternatives to sluggish Europe for $1 trillion fund

Norway's $1-trillion-plus sovereign wealth fund, the world's largest, may seek to shift the balance of its investments between Europe, the Americas and Asia, a senior official said on Wednesday.



5 years ago

Apple plans to tap China's BOE Technology for advanced iPhone screens: Nikkei

Apple Inc is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co Ltd for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reported on Wednesday.



5 years ago