Category: Business

KKR & Co Inc aims to attract at least $15 billion for its flagship North America private equity fund, which would make it the second largest amount raised for a fund managed by the U.S. firm, people familiar with the matter said on Thursday. Buyout firms are seeking to tap cheap and plentiful financing for […]

The stock market had zoomed for the fifth consecutive day with the indices closing at fresh record highs. Following the same trend, the indices on Monday, February 8 are expected to open higher as the SGX Nifty was trading 84.50 points up at 15,027.00 at 7:00 am. On the BSE Sensex had gained 117.34 points […]

Facebook Inc’s independent oversight board made its first binding decisions on Thursday, overruling the company’s actions in four of the five cases it reviewed. The oversight board also made non-binding recommendations, calling for the company to make its content moderation policies clearer and more precise. DECISIONS OVERTURNED: A post from a user in Myanmar with […]

American Airlines Group Inc and Southwest Airlines Co posted their biggest-ever annual losses on Thursday and indicated a need for additional government aid as the industry continues to reel from the coronavirus pandemic. U.S. airlines expect demand to improve this year as vaccines become more widely distributed but have warned that the strength of any […]

Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder. Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020. That […]

Wall Street was contemplating big wins from the Reddit-fueled retail frenzy in stocks such as GameStop on Thursday, even though many hedge funds in its ranks were nursing losses. Shares in GameStop, whose motto is “power to the players”, and other heavily shorted stocks such as AMC Entertainment, BlackBerry, Koss Corp and Express Inc soared […]

Walmart Inc plans to expand its advertising business, adding space for ads at its U.S. stores and sharing its vast trove of shopper data with brands, the world’s largest retailer said on Thursday, looking to challenge rival Amazon.com Inc as a media powerhouse. The efforts are key to Walmart’s aggressive plan to achieve a more […]