Latest News on private equities market

AB InBev profits as beer sales growth hits five-year high

Anheuser-Busch InBev , the world's largest brewer, beat earnings expectations after beer sales grew at their fastest pace in over five years, helped by increases in Latin America, Europe and Africa and a later Easter.



6 years ago

Warren Buffett charity lunch in limbo after crypto promoter issues apology

Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his $4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead.



6 years ago

Nissan to slash 9% of workforce as first quarter profit nearly wiped out

Japanese car maker Nissan Motor Co said it is axing 12,500 jobs and warned a quick turnaround in its performance was not imminent after reporting its quarterly profit was nearly wiped out.



6 years ago

Exclusive: Nike explores sale of surfwear brand Hurley - sources

Nike Inc , the world's largest sportswear maker, is exploring options for its surfwear brand Hurley International, including its possible divestment, according to people familiar with the matter.



6 years ago

Unilever second-quarter sales slip as wet weather hits Europe

Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in Europe and moderating growth in India, but kept its full-year sales target intact.



6 years ago

Oil rises on U.S. stock decline, but manufacturing slowdown caps gains

Oil prices rose on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak Western manufacturing data indicated slowing economic growth and in turn the potential for reduced fuel demand.



6 years ago

ECB prepares some sub-zero relief for wilting Europe

Euro and bond yields wilted on Thursday as a slump in German business confidence piled the pressure on the European Central Bank to push interest rates even deeper into sub-zero territory later.



6 years ago

Southwest Airlines posts quarterly profit despite 737 MAX blow

Southwest Airlines Co squeezed out a small profit in the second quarter as it struggled with the grounding of Boeing MAX jets, the carrier said on Thursday, extending its suspension of flights on the planes till Jan. 5.



6 years ago

Oil rises on U.S. inventory decline but slowing economy caps gains

Oil prices rose 1% on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak manufacturing data in Western nations indicated slowing economic growth that could reduce fuel demand.



6 years ago

Dow cuts 2019 spending forecast due to trade friction, posts profit beat

U.S. chemical company Dow Inc posted a better-than-expected quarterly profit on Thursday, and cut its spending for the year by 25% against the backdrop of prolonged trade tensions.



6 years ago

Total plans $5 billion in asset sales as second-quarter profit falls

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.



6 years ago

How to get the most cash back on your credit cards

Half of U.S. adults have a credit card that offers cash back, vs. just 1 in 5 who have a travel rewards card, according to Creditcards.com.

6 years ago

You & Sundry on Wefunder

You & Sundry, the first social salon for the LGBTQ+ community, is raising funds on WeFunder. The company started as barbershop pop-ups and grew the brand quickly after that. The first social parlor is aimed to be as a member club with exclusivity and self-care, including a full-service salon and a main lounge or event [...]


The post You & Sundry on Wefunder appeared first on Crowditz.


6 years ago

Hershey's tepid annual forecasts overshadow quarterly profit beat

Chocolate maker Hershey Co cut its full-year sales forecast on Thursday, overshadowing a better-than-expected quarterly profit and sending its shares down 3%.



6 years ago

Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased

Southwest Airlines Co eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport.



6 years ago