© Reuters. Passersby walk in front of video monitors announcing the Carlyle Group’s listing on the NASDAQ market site in New York’s Times Square after the opening bell for trading (Reuters) – U.S.-based Carlyle Group (NASDAQ:) Inc has agreed to buy a 20% stake in the pharmaceutical unit of IndianRead More →
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Those hopes appear to have been dashed. A spreading coronavirus in China and elsewhere is snarling global supply chains, making itRead More →
It’s as bad a time for the global economy as any since the end of the last recession, according to two separate surveys released on Monday. The IHS Markit global business outlook—which surveys 12,000 companies three times a year—fell to the worst level since 2009, when data was first collected.Read More →
Getty Images Workers at Chipotle and other restaurants are busy catering to customers. Service-oriented businesses such as fast-food purveyors are still growing more than than 10 years after the end of the last recession. The numbers: The service side of the U.S. economy rebounded in October after growth tapered offRead More →
(Reuters) – U.S. power company Sempra Energy (N:) said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash. The deal includes Sempra’s 100% stake in Chilquinta Energía S.A., Tecnored S.A. and a 50% interest in Eletrans S.A. Reuters reportedRead More →
© Reuters. FILE PHOTO: Downtown Los Angeles is seen behind an electricity pylon through the morning marine layer in Los Angeles By Alex Dobuzinskis and Andrew Hay LOS ANGELES (Reuters) – A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity wasRead More →
Getty Images Life’s a beach? Maybe not, but Americans live it up in Santa Monica. Consumer spending rose in the second quarter by the most in a year and a half. The numbers: The economy got a jolt of adrenaline in the spring from the biggest increase in household spendingRead More →
© Reuters. Citi combines rates and currencies businesses By Imani Moise (Reuters) – Citigroup Inc (NYSE:) said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit. “We believe this more streamlined operating model will drive better client service, risk management andRead More →
© Reuters. FILE PHOTO: Deutsche Bank annual meeting in Frankfurt (Reuters) – Deutsche Bank (DE:) is planning to overhaul its trading operations, including the creation of a “bad bank” to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the FinancialRead More →
© Reuters. FILE PHOTO: The logo of US conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort NEW YORK (Reuters) – General Electric (NYSE:) Co is getting more “candor” from managers of its businesses by spending days – rather than hours as it previouslyRead More →
© Reuters. FILE PHOTO – U.S. President Trump arrives aboard Air Force One at Joint Base Andrews, Maryland (Reuters) – U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG (DE:) and Capital One Financial Corp (NYSE:) fromRead More →
When women entrepreneurs and women-owned businesses seek funding to grow their business, the statistics aren’t pretty. Just 2.2% of all venture capital in the U.S. goes to companies founded solely by women. In addition, companies with all-male founders receive funding after their first round close to 35% of the time.Read More →
Many fledgling Latino businesses are strapped for cash, a report released Friday by researchers at Stanford University’s Graduate School of Business found, and credit scores could be to blame. There are an estimated 5 million Latino-owned businesses in the U.S., according to the Stanford Latino Entrepreneurship Initiative (SLEI). Though theRead More →
