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Latest News on private equity markets

Yum Brands posts earnings beat on KFC boost, Pizza Hut rebound

Yum Brands Inc beat expectations for quarterly profit on Thursday, as menu refreshes and a delivery push drove better-than-expected growth at all of the restaurant operator's chains, including Pizza Hut, sending its shares to a record high.



5 years ago

GM open to working with other automakers on development of EVs: CEO

General Motors Co is open to working with other automakers on the development of electric vehicles, Chief Executive Mary Barra said on Thursday.



5 years ago

LSE's $27 billion deal rehabilitates Refinitiv debt

Financial data firm Refinitiv's $13.5 billion debt, once described as having some of the weakest-ever investor protections typical of the frothy peak of the credit cycle, is being rehabilitated by its $27 billion merger with the London Stock Exchange.



5 years ago

Amazon chief Bezos cashes in $1.8 billion of share pile

Amazon.com Inc founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.



5 years ago

Similar 'adjustments' by the Federal Reserve in the 1990s led to boom times for stocks

The central bank made "midcycle adjustments" in 1995 and 1998, cutting rates three times, which drove the S&P 500 higher.

5 years ago

Economists who predicted the Fed rate cut are now utterly confused about what's next

The Federal Reserve delivered its first rate cut since 2008 but Wall Street economists disagree about what happens next.

5 years ago

The IRS drops its 'postcard-sized' tax return, drafts a new one for 2019

The "postcard-sized" income tax return is about to be scrapped. The IRS has released a draft of its new Form 1040 for the 2019 tax year.

5 years ago

UniCredit says no evidence of any customer data breach after Capital One case-memo to staff

UniCredit has found no evidence so far of any customer data having been accessed or compromised in relation to a major data breach at Capital One Financial Corp , the bank said in a memo to staff on Thursday.



5 years ago

Atlanta Fed model raises U.S. third-quarter GDP view to 2.2%

The U.S. economy grew at a 2.2% annualized rate in the third quarter based on the latest data on national manufacturing activity and construction spending, the Atlanta Federal Reserve's GDPNow forecast model showed on Thursday.



5 years ago

Higher medical costs take shine off Cigna second-quarter profit beat

Health insurer Cigna Corp raised its 2019 profit forecast on Thursday, helped by last year's acquisition of pharmacy benefit manager Express Scripts, but medical costs in the second quarter were higher than expected and its shares fell slightly.



5 years ago

U.S. confirms small soybean sale to private Chinese buyer

The U.S. Department of Agriculture on Thursday confirmed a private Chinese company bought 68,000 tonnes of soybeans in the week ended July 25, the first soybean purchase since Beijing offered to exempt five crushers from import tariffs imposed more than a year ago as part of a U.S.-China trade dispute.



5 years ago

King dollar rattles currencies, commodities; stocks rise

The dollar charged to its highest in more than two years on Thursday, trampling almost every market in its way, after the Federal Reserve dampened hopes for a lengthy run of U.S. interest rate cuts.



5 years ago

Wall St. bounces back on tech strength, focus shifts to earnings

U.S. stocks bounced back on Thursday from a steep selloff in the prior session, boosted by technology shares as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings.



5 years ago

Trump says U.S. to hit $300 billion worth of Chinese goods with 10% tariff

U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world's two largest economies continue.



5 years ago

China sees intensive contact ahead of next trade talks; small U.S. soybean sales reported

U.S. and Chinese negotiating teams will be in intensive contact to prepare "good groundwork" for trade talks in September, the commerce ministry said on Thursday, as Washington confirmed China's first private purchase of soybeans since a tariff war broke out more than a year ago.



5 years ago