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Latest News on private equity markets

Oil prices fall on U.S. crude build, euro zone data

Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.



6 years ago

Pharmacy benefits, Aetna power CVS third-quarter profit beat

CVS Health Corp reported better-than-expected third-quarter profit and revenue on Wednesday, boosted by its Aetna health insurance and pharmacy benefits businesses, and it raised its 2019 earnings forecast.



6 years ago

Wall Street rally loses steam after record run

U.S. stocks retreated from record highs on Wednesday, halting a rally that has been fueled by signs of progress in trade talks between Washington and Beijing and a largely upbeat corporate earnings season.



6 years ago

Europe's banks must brace for coming digital storm: ECB's Schnabel

Low profitability at European banks just when they need to invest to stay competitive in the digital era risks triggering a vicious circle of underinvestment and further poor performance, said Germany's nominee to the board of the European Central Bank.



6 years ago

Explainer: ArcelorMittal's Italian venture runs into legal and financial woes

ArcelorMittal said this week it was withdrawing from a deal to buy Italy's struggling steel firm Ilva after the government scrapped previous guarantees of legal immunity during an environmental clean-up at its plant.



6 years ago

LSE investors to vote on Refinitiv deal on November 26

London Stock Exchange Group Plc said on Wednesday its shareholders would vote on Nov. 26 on whether to approve its $27 billion deal to buy data provider Refinitiv.



6 years ago

High-margin luxury fragrances power Coty's profit beat; shares rise

Coty Inc reported quarterly profit above Wall Street expectations on Wednesday, helped by increased demand for its high-margin Hugo Boss, Burberry and Gucci fragrances, sending its shares up more than 17%.



6 years ago

Bank of America, Raymond James to pay $12 million for college fund overcharges

Bank of America Corp and Raymond James Financial Inc will pay roughly $12 million in restitution to customers who incurred excessive fees on investments meant to help their children afford college, a U.S. regulator said on Wednesday.



6 years ago

Fed's Evans says he's closely watching inflation

Chicago Fed President Charles Evans said on Wednesday he will be closely watching inflation in determining the future path of interest rates.



6 years ago

Fed's Evans: U.S. economy in 'good place,' but watching inflation

The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.



6 years ago

Boeing CEO says he will forgo 'tens of millions of dollars' in compensation

Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo "tens of millions of dollars" in compensation after asking board to waive bonuses on Saturday.



6 years ago

Oil prices slide on U.S. crude build, euro zone data

Oil prices fell on Wednesday after a larger-than-expected build in U.S. crude inventories and weak euro zone economic figures, reversing some of the gains of the previous three sessions.



6 years ago

Britain's Virgin Media switches to Vodafone's mobile network

Britain's Virgin Media is ditching BT's mobile network for rival Vodafone from late 2021 in a five-year deal that will allow it to launch new services such as 5G to its more than 3 million customers.



6 years ago

Explainer: Central bank digital currencies - edging toward reality?

Central banks are looking at creating their own digital currencies - a stark contrast to the ethos of cryptocurrencies that seek to subvert mainstream authority over money.



6 years ago

Here are the biggest analyst calls of the day: Lowe's, Nike, BlackRock & more

Here are the biggest calls on Wall Street on Wednesday

6 years ago