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Latest News on private equity markets

Small energy stock rips higher after investor Mario Gabelli says he is following it

Shares of RPC, Inc., a small oil and gas company based in Atlanta, jump following positive comments from billionaire investor Mario Gabelli.

4 years ago

Newer drugs help Eli Lilly top Wall Street quarterly profit estimate

Eli Lilly and Co reported a second-quarter profit that topped Wall Street estimates and raised its 2019 earnings forecast on Tuesday, as higher demand for newer drugs offset increased discounts for the U.S. Medicare program and sales declines of medicines that lost patent protection.



4 years ago

Jamie Dimon's worst fears for the banking industry realized with Capital One data hack

Bank CEOs including Jamie Dimon have been highlighting the risks of a cyberattack for years.

4 years ago

Xerox cuts full-year revenue forecast, shares fall

Xerox Corp posted a better-than-expected quarterly profit on Tuesday, but cut its full-year revenue forecast citing organizational changes, primarily in North America.



4 years ago

Wall Street dips on U.S.-China trade tensions, Fed meeting eyed

U.S. stocks dipped on Tuesday as U.S.-China trade worries pressured technology shares, while the scale of consensus at the Federal Reserve in favor of deeper cuts in interest rates ate into optimism that drove markets to record highs last week.



4 years ago

Under fire, Swiss minister dumps Philip Morris as Expo sponsor

Switzerland scrapped a 1.8 million Swiss franc ($1.8 million) sponsorship deal with Philip Morris International for the country's pavilion at Expo 2020 in Dubai after being widely criticized for taking tobacco money to promote its image abroad.



4 years ago

Trump says he will seek U.S. trade accord with Brazil

President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.



4 years ago

U.S.-China trade concerns push Wall Street lower; Fed meeting eyed

U.S. stocks slid on Tuesday after a fresh warning from President Donald Trump to China pressured technology shares, while investors speculated the scale of an interest rate cut at the end of the Federal Reserve's policy meeting.



4 years ago

Major retailers targeted by University of California in lawsuits

Five major retailers, including Amazon.com Inc and Walmart Inc, were targeted in lawsuits filed on Tuesday by the University of California over what it called the "existential threat" posed by foreign manufacturers that infringe schools' patents.



4 years ago

Innovative new law opens Guernsey up to Artifical Intelligence

Ogier | Andrew Munro | July 18, 2019 The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas

4 years ago

Moderate U.S. consumer spending, inflation back Fed rate cut

U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Federal Reserve cutting interest rates on Wednesday for the first time in a decade.



4 years ago

Amazon, Walmart, Ikea targeted in Univ. of California light bulb lawsuits

Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the "existential threat" when foreign manufacturers infringe schools' patents.



4 years ago

Stocks off on Trump's warning to China; sterling falls further

A gauge of global stock markets fell on Tuesday as the latest round of U.S.-China trade talks began amid a threat from President Donald Trump, while concerns over a no-deal Brexit continued to drag the British currency lower.



4 years ago

How much you'll need to invest each month to retire with a million dollars at age 20, 30 and beyond

Want to retire a millionaire? How much you'll need to save each month, using investments that earn six percent annual returns, greatly depends on your age. Whether you're 20 or 50, here's how to do it.

4 years ago

U.S. could decide on licenses for companies to sell to Huawei by next week - Ross

The Trump administration could respond by next week to companies that have requested special licenses to sell to Chinese telecoms giant Huawei Technologies Co Ltd, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil.



4 years ago