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Latest News on private equity markets

Kellogg results beat forecasts on North America demand, shares surge

Kellogg Co beat Wall Street expectations for quarterly sales and profit on Thursday, boosting the food maker's shares 12% as investments in marketing and product development drove higher demand for snacks and frozen food in North America.



5 years ago

Oil drops to $64 on Fed outlook, ample supply

Oil dropped to around $64 a barrel on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.



5 years ago

Asian shares at six-week low on trade worry, pound under pressure

Asian shares fell on Wednesday to a six-week trough, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.



5 years ago

Credit Suisse confirms 2019 target after second-quarter net profit jumps 45%

Credit Suisse on Wednesday posted its highest quarterly earnings in four years, confirming its 2019 profitability target after second-quarter earnings jumped 45%.



5 years ago

Roche, Spark extend $4.3 billion takeover again, this time to September 3

Roche and Spark Therapeutics announced another extension of the Swiss drugmaker's $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews in the United States and Britain continue.



5 years ago

With Fed sure to cut rates, Powell on hook to flag next steps

The U.S. Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt to an economy that is facing headwinds from trade disputes and a global slowdown.



5 years ago

Lloyds Bank profits fall after fresh $669 million PPI charge

Britain's biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits on Wednesday, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings.



5 years ago

Carmaker Aston Martin swings to a half-year loss

Aston Martin swung to a half-year pretax loss of 78.8 million pounds ($95.8 million) as profits were hit by expansion costs, lower average selling prices and weaker-than-anticipated volumes, the luxury British carmaker said on Wednesday.



5 years ago

German prosecutors charge ex-Audi boss Stadler over emissions cheating

German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen's emissions test cheating scandal.



5 years ago

EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision

EssilorLuxottica , the world's largest eyewear maker, announced on Wednesday it is buying Dutch optical retailer GrandVision in a cash transaction worth up to 7.2 billion euros ($8 billion) to expand its global retail network.



5 years ago

Oil rises for fifth straight day as market awaits Fed, stockpiles fall

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years.



5 years ago

Aston Martin slumps to half-year loss as European demand drops

Luxury British carmaker Aston Martin slumped to a half-year loss as profits were hit by a nearly 20 percent drop in European demand, the latest blow to the automotive sector.



5 years ago

Trade tensions weigh on stocks as markets await Fed verdict

Fresh trade war fears weighed on global stocks on Wednesday ahead of a U.S. Federal Reserve meeting with the dollar holding firm and Britain's pound subdued amid rising fears of no-deal Brexit.



5 years ago

Credit Suisse hails cost discipline as net profit jumps 45%

Credit Suisse posted its highest quarterly earnings in four years on Wednesday, hailing frugal cost management as paying off in a tough environment.



5 years ago

U.S., China trade meeting ends with sharp response to Trump

Talks between U.S. and Chinese trade officials seeking ways to end a year long trade war lasted barely half a day before ending on Wednesday with a terse response from China's Foreign Ministry to U.S. President Donald Trump's warning not to stall.



5 years ago