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Latest News on private equity markets

Danish prosecutor charges Danske Bank for overcharging customers

Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.



6 years ago

Goldman downgrades Kraft Heinz to sell, says the recent rally won't last

The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much since Kraft's strong third-quarter earnings.

6 years ago

How SoftBank is putting its stamp on LatAm's venture capital scene

SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.



6 years ago

Walmart's third-quarter results beat estimates, shares rise

Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.



6 years ago

Ford to use Mustang name for electric SUV

Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.



6 years ago

IBM hopes to change weather forecasting around the globe using big data and a new supercomputer

The system is called GRAF, or Global High Resolution Atmospheric Forecasting, and will have many applications globally for governments and industries.

6 years ago

World stocks sink as China slowdown deepens, German economy weak

World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.



6 years ago

Oil up 1% on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.



6 years ago

Carl Icahn takes stake in HP, pushes for merger with Xerox

Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, according to The Wall Street Journal.

6 years ago

Britain's Asda blames Brexit uncertainty for lower sales

Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain's exit from the European Union had negatively affected spending patterns.



6 years ago

This rule of thumb about credit card use could be costing you

Experts say there is a misconception that your credit score won't be negatively affected unless your total balance climbs above 30% of your available credit.

6 years ago

Burberry aims to woo more customers in China with Tencent tie-up

British luxury brand Burberry on Thursday said it has joined forces with China's Tencent for a new digital marketing and sales push to tap the nation's increasingly social media savvy shoppers in a critical luxury market.



6 years ago

Credit Suisse says Tesla is running out of time as the major electric car maker, shares to dive 40%

Credit Suisse on Thursday noted that Tesla has nearly an 80% share of the U.S. market for electric vehicle.

6 years ago

Oil rises on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.



6 years ago

Walmart raises earnings forecast, expects strong holiday sales

Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.



6 years ago