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Latest News on private equity markets

Tesla's Elon Musk becomes 'Daddy DotCom' on Twitter

Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had "just deleted" his Twitter account, while also changing his Twitter display name to "Daddy DotCom".



5 years ago

Fashion house Chanel parades its independence as its profits rise

Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.



5 years ago

Sotheby's auction house is being taken private by group controlled by art collector Patrick Drahi

Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.

5 years ago

Wall St. moves higher; Fed policy meeting on the horizon

U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates.



5 years ago

UK hopes Trump and Xi can ease trade tensions at G20 summit: Hammond

Britain hopes that U.S. President Donald Trump and Chinese President Xi Jinping can make progress on easing trade tensions when they meet later this month at a summit of world leaders in Japan, British finance minister Philip Hammond said.



5 years ago

Citi combines rates and currencies businesses

Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.



5 years ago

KPMG to pay $50 million for using stolen data, exam fraud: SEC

Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a $50 million penalty, the Securities and Exchange Commission said on Monday.



5 years ago

Supreme Court says lower court should reexamine case over same-sex couple denied wedding cake

The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious beliefs, claimed that state fines pushed them out of business.

5 years ago

Goldman Sachs is sounding the alarm to clients that technology stocks are overvalued

It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.

5 years ago

Facebook’s Cryptocurrency: Great Idea, Wrong Company

Forbes | Enrique Dans | June 17, 2019 All the signs are that Facebook is about to launch its cryptocurrency on June 18, a project known internally as Libra, and that soon, apparently, we will all be using. So what are the implications of a company with 2.4 billion users launching its own currency? Strategically,

5 years ago

Virgin Atlantic orders 14 Airbus A330neos, with further six options

Europe's Airbus has agreed to sell 14 A330neo wide-body passenger jets to Virgin Atlantic in a deal valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more.



5 years ago

A Fed rate cut should boost stocks as long as the economy is experiencing just a 'soft patch'

The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.

5 years ago

Global stocks, yields steady with focus on Fed, central banks

A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors girded for developments later in the week from central banks in the United States and elsewhere.



5 years ago

Drahi says to keep focus on TMT businesses after Sotheby's deal

Billionaire Patrick Drahi said on Monday he would remain focused on his main telecoms and media businesses and would not sell any shares in his Altice Europe NV business to fund his acquisition of Sotheby's auction house.



5 years ago

Factbox: Airbus and Boeing aircraft deals at Paris Airshow

Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.



5 years ago