Latest News on private equity markets

Indian tribunal backs Mistry's reinstatement at Tata Sons

Cyrus Mistry has won backing from a tribunal to be reinstated as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.



6 years ago

Drive me crazy: Colombia ride-hailing apps, tech firms bristle at regulations

Uber driver Juan Jose is quick to cover his cell phone with the red rag he keeps in his front seat whenever he spots a police officer on the streets of Bogota.



6 years ago

Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger

Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world's fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories.



6 years ago

Merkel unaware of any pressure exerted by China over Huawei

German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats if Huawei were to be excluded from Germany's 5G rollout and she reiterated she was against excluding any single firm.



6 years ago

Someone just won the $372 Mega Millions jackpot. These should be their next steps

A lottery player in Ohio won the $372 Mega Millions jackpot on Tuesday night. Here are the first steps they should take.

6 years ago

Credit card debt is worse for those with high income

As credit card balances steadily creep higher and Americans' confidence in their ability to pay their bills declines, this high-interest debt has become a problem across all income levels. But the wealthy may be struggling the most.

6 years ago

Paid parental leave on tap for 2.1 million Americans as bill heads to White House

Legislation headed to the president for his signature guarantees paid parental leave for 2.1 million federal workers. It's the first update to federal family leave policy in a generation.

6 years ago

Wall Street opens flat as record-setting rally runs out of steam

U.S. stocks opened largely flat on Wednesday as markets took a breather from a record-setting spree, while FedEx plunged after it cut its annual profit forecast for the second time this year.



6 years ago

Factbox: World's top automakers as PSA, FCA prepare to merge

Fiat Chrysler Automobiles (FCA) and Peugeot owner PSA have sealed a deal to join forces in a 50-50 share merger worth about $50 billion.



6 years ago

Nearly 7% of Disney+ users with Netflix plan to cancel Netflix, survey shows

A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions.

6 years ago

Analyst says FedEx plunge leaves bellwether vulnerable to the once unthinkable: an activist

FedEx's second-quarter results were so bad that it could spark interest among activist investors looking to turn the company around.

6 years ago

Holiday surprise: The average rank-and-file worker at this company gets a $50,000 bonus

Giant bonuses are great news for employees — and for the IRS. St. John Properties, a Baltimore-based real estate developer, spread out a $10 million bonus payment among its 198 employees. Here's what that means for their taxes.

6 years ago

Canada's SNC-Lavalin unit to plead guilty to fraud charge in Libya case: La Presse

An SNC-Lavalin Group division will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis this year.



6 years ago

Oil steadies on U.S. crude inventories fall, demand hopes

Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.



6 years ago

FedEx shares fall as outlook cut spooks investors

Shares of FedEx Corp fell nearly 10% on Wednesday after the world's largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.



6 years ago