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Latest News on private equity markets

The next big question you need to answer after you decide to retire

If you're like most people, you probably envision spending your retirement comfortably in your current home. However, financial and health considerations could make downsizing a better way to go.

6 years ago

TurboTax creator is up over 850% in the past decade and its stock just won't go down

Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.

6 years ago

BMW engine development expert Duesmann set to become Audi chief in April: report

BMW's engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen's Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday.



6 years ago

Global spare oil capacity in U.S. hands after Saudi outage

An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country's production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.



6 years ago

Companies ask judge in U.S. opioid trial to recuse himself

Major drug wholesalers and retailers facing a massive lawsuit for allegedly fostering the nation's opioid crisis asked the judge hearing the case to recuse himself on Saturday.



6 years ago

Attacks on Saudi facilities threaten spare oil capacity, price hikes

Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter.



6 years ago

UAW will not extend GM contract, but no decision on strike

The United Auto Workers said late on Saturday that it will not extend its contract with General Motors Co that was set to expire in hours, but would continue to work pending a meeting of senior union officials.



6 years ago

UAW says no GM contract extension, union leaders to meet Sunday

The United Auto Workers (UAW) said late on Saturday it would not extend its contract with General Motors Co and would decide on a course of action at a meeting of union leaders in Detroit Sunday morning that could result in talks resuming or possibly workers going out on strike.



6 years ago

Factbox: U.S. readies emergency oil reserves in wake of Saudi attacks

The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world's largest oil exporter.



6 years ago

Asia shares at six-week high on trade progress, ECB easing

Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown.



6 years ago

Japan Post Bank admits improper sales to elderly clients, discovers 19,500 cases

Japan Post Bank Co Ltd on Friday said it improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group ahead of a planned share sale.



6 years ago

Shares, bond yields perch at six-week highs

World shares climbed to a six-week high alongside benchmark government bond yields on Friday, as markets cheered signs of progress in U.S.-China trade talks and another powerful slug of stimulus from the European Central Bank.



6 years ago

WeWork plans Nasdaq listing, curbs CEO's voting power

WeWork owner The We Company said on Friday it plans to list its stock on the Nasdaq and announced changes to its corporate governance, including curbs in the voting power of founder and CEO Adam Neumann, ahead of the roadshow for its stock market launch.



6 years ago

Trump trade-war aid sows frustration in farm country

The U.S. government is paying Texas cotton farmer J. Walt Hagood $145 an acre for losses related to U.S. President Donald Trump's trade policies. But Minnesota soybean farmer Betsy Jensen will get just $35 an acre.



6 years ago

Ford, GM rev up electric pickup trucks to head off Tesla

Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.



6 years ago