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Latest News on private equity markets

Ferrari's Portofino, Superfast sales turbo-charge 2019 outlook

Ferrari raised its full-year forecasts on Monday after strong sales of its Portofino and 812 Superfast sportscars produced "solid" third quarter results, lifting its shares.



6 years ago

Under Armour cuts revenue forecast; federal probe weighs on shares

Under Armour Inc on Monday cut its forecast for annual revenue for a second straight time, adding to its troubles after the sportswear maker disclosed a federal probe related to its accounting practices.



6 years ago

Piper downgrades McDonald's on CEO firing: 'Changes of this magnitude tend to be disruptive'

Piper Jaffray downgraded McDonald's to neutral from overweight and slashed its price target to $195 from $224 per share on the heels of its CEO departure.

6 years ago

Facebook's Libra could come under some existing rules: watchdog

Existing securities rules could apply to "stablecoin" initiatives like Facebook's Libra project, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.



6 years ago

Burger King's India unit looks to raise 4 billion rupees in IPO

The Indian arm of U.S.-based Burger King filed for a local initial public offering (IPO) to raise up to 4 billion rupees ($56.6 million) on Monday, as it looks to open more restaurants in a country where international fast-food brands are gaining in popularity.



6 years ago

Trade hopes lift stocks as recession fears recede

World shares touched a 21-month high on Monday on signs that the United States and China could soon put an end to a damaging trade war as well as indications that the world may yet dodge an economic recession.



6 years ago

New owner of Chrysler building plans more U.S. investment

Austrian investor Rene Benko, whose Signa Holding bought half of New York's Chrysler Building earlier this year, is looking for more opportunities in the United States, he said on Monday.



6 years ago

Citigroup to launch digital savings account for American Airlines cardholders: CNBC

Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter.



6 years ago

Be on high alert for scams during Medicare open enrollment

Fraudsters capitalize on Medicare open enrollment to reach victims. Their goal is the same: to steal your money or your personal information.

6 years ago

Goldman says dividend stocks are rarely this cheap, likes Morgan Stanley and Best Buy

Stocks that pay big dividends haven't been this cheap in at least 40 years, according to Goldman Sachs.

6 years ago

Ferrari forecast turbo-charged by Portofino, Superfast sales

Strong sales of Ferrari's Portofino and 812 Superfast models helped the Italian luxury carmaker raise its 2019 forecasts on Monday, powering its shares to a record high.



6 years ago
6 years ago

Give or take a trillion: Investors in the dark on Saudi Aramco value

Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.



6 years ago

German cabin crew union UFO calls for two days of strike at Lufthansa

Flights attendants' union UFO on Monday called for a two-day strike at Lufthansa's German operations later this week, citing an ongoing labor dispute with Germany's largest airline.



6 years ago

India rejects Asia-wide trade deal, as others move ahead

Fifteen Asian countries agreed terms on Monday for what could be the world's biggest trade pact, they said in a statement, but India delayed its decision on joining because of significant differences over tariffs and other issues.



6 years ago