Latest News on private equity markets

Canada's SNC-Lavalin unit pleads guilty to fraud charge in Libya case

A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau's government in crisis.



6 years ago

French designs on dominance of Peugeot-Fiat rest on Tavares

Billed as a merger of equals, PSA's $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.



6 years ago

Exclusive: Nvidia to win unconditional EU okay for $6.8 billion Mellanox buy - sources

U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies , people familiar with the matter said on Wednesday.



6 years ago

Exclusive: Freddie Mac offers early retirement to 25% of workforce - sources

Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter.



6 years ago

Use these 4 steps to build an emergency savings fund

Savers can use these simple steps to build a stash of cash for unexpected expenses.

6 years ago

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

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

6 years ago

Indian tribunal orders reinstatement of Mistry as chairman of Tata Sons

Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.



6 years ago

Automakers to pay $3 billion in new U.S. tariffs under USMCA: budget estimate

U.S. President Donald Trump's rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office (CBO) estimates.



6 years ago

Workers are losing as much as $400 million annually in this tax-advantaged account

If you have a few dollars kicking around in that health-care flexible spending account, you have two weeks to use up your cash or lose it. Here's what you should know.

6 years ago

Dish chief Ergen says he asked for senator's help on T-Mobile/Sprint

Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department's antitrust chief advised him in May to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile and Sprint .



6 years ago

Brazilian regulator says Vale dam near Brumadinho is structurally sound

A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday.



6 years ago

Daimler, BMW exiting North American car-sharing market

BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver.



6 years ago

Swatch threatens to seek damages over Swiss antitrust agency's measures

Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world's biggest watch maker from supplying watch mechanisms to other companies during 2020.



6 years ago

Dollar gains on Fed rates view, stocks falter

The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares slipped.



6 years ago

Wall Street near flat amid economic optimism, FedEx swoon

The S&P 500 was little changed on Wednesday, hovering around all-time highs, as investors' optimism about global economic growth was countered by a steep drop in FedEx Corp shares.



6 years ago