Latest Private equity management News

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

Parsley Energy, Blackstone Group fall; Aecom rises

Oct. 14, 2019 4:39 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday. Parsley Energy Inc., down $1.79 to $15.18 The oil and gas company is buying Jagged Peak Energy in an all-stock deal. Aecom, up $2.34 to $39.50 The provider of technical and management-support services is considering selling its...

Joe Biden's son Hunter stepping down from Chinese board

Oct. 14, 2019 1:08 PM EDT

NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his...

The Latest: Joe Biden lays out ethical markers should he win

Oct. 13, 2019 7:18 PM EDT

WASHINGTON (AP) — The Latest on Hunter Biden, son of Democratic presidential candidate Joe Biden (all times local): 7 p.m. Joe Biden is laying out some ethical markers should he become president. He says that in a Biden White House, his family members would not be allowed to have any business relationships...

Hunter Biden to step down from Chinese board

Oct. 13, 2019 6:36 PM EDT

NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden said Sunday he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies...

UK blocks aerospace takeover by US investor over security

Sep. 18, 2019 8:29 AM EDT

LONDON (AP) — The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether it affects national security. Business Secretary Andrea Leadsom said Wednesday that the competition watchdog would look into the security implications of the sale of...

Kraft Heinz shares fall after key investor dumps holdings

Sep. 17, 2019 11:04 AM EDT

NEW YORK (AP) — Kraft Heinz Co. shares are sliding after one of the company's top investors sold 25 million shares. 3G Capital — a Brazilian private equity firm — reduced its stake in the company by 9%. 3G remains the company's second-largest shareholder. 3G partnered with Berkshire Hathaway...

Mobile home parks move from mom-and-pop to corporate

Sep. 16, 2019 4:32 PM EDT

DENVER (AP) — In the Aurora mobile home park where she lived for 16 years, eviction notices kept coming to Petra Bennett's door — for unauthorized guests, lack of insurance, late rent. They were bogus threats to make the single mother leave. And eventually, she did. In Federal Heights, Karla Lyons'...