KKR earnings surge 63% on strong capital market business

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid(Reuters) – Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year,

KKR's third-quarter earnings rise on capital market strength

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File PhotoNEW YORK (Reuters) – Private equity firm KKR & Co Inc KKR.N said on Friday its after-tax distributable

World stocks pause rally on J&J news, USD bounces from 3-week low

NEW YORK (Reuters) – The U.S. dollar rose from a three-week low on Tuesday while shares in Europe and the United States eased, as news of a pause in Johnson & Johnson’s COVID-19 vaccine trial led investors to take stock of recent rallies before chasing further gains. Some analysts said

Salesforce to replace Exxon in Dow Jones Industrial Average index next week

(Reuters) – Salesforce.com Inc (CRM.N), Amgen Inc (AMGN.O) and Honeywell International Inc (HON.N) will become a part of the blue-chip Dow Jones Industrial Average index .DJIA on Aug. 31, S&P Dow Jones Indices said on Monday. The three companies will replace Exxon Mobil Corp (XOM.N), Pfizer Inc (PFE.N) and Raytheon

GE signs power agreements worth over $1.2 billion with Iraq

(Reuters) – General Electric Co (GE.N) said it had signed two new agreements valued at over $1.2 billion with the Iraqi Ministry of Electricity, to undertake maintenance programs across key power plants in the country and bolster its transmission network. The U.S. conglomerate was also working with multiple export credit

Delta Air expects to have $10 billion in cash, cash equivalents by end-2020

(Reuters) – U.S. carrier Delta Air Lines (DAL.N) said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end. The airline also estimated second-quarter revenue would plunge by 90%, compared with a year earlier. (bit.ly/3cRnTmX) Source: Read Full Article

French carmaker Renault could close plants and cut jobs: union

PARIS (Reuters) – French carmaker Renault (RENA.PA) could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday. Renault has called for a meeting with unions on Thursday regarding its

FAA to mandate new safety-management tools for airplane manufacturers

WASHINGTON (Reuters) – The Federal Aviation Administration said Tuesday it would require Boeing Co (BA.N) and other aircraft manufacturers to adopt new safety-management tools in the wake of two fatal Boeing 737 MAX crashes that killed 346 people. FAA’s plan to begin the regulatory process to mandate Safety Management Systems

World shares mixed amid hopes for business pickup; oil slips

NEW YORK (Reuters) – Oil prices slid and world equity markets seesawed on Wednesday as investor hopes for a pickup in business activity were dashed by downbeat economic data and a rise in U.S. crude stockpiles to three-year highs that highlighted low fuel demand. Remarks by U.S. President Donald Trump

Boeing set to raise $25 billion in massive debt sale: sources

(Reuters) – Boeing Co (BA.N) expects to raise around $25 billion in its bond offering on Thursday, according to people familiar with the matter, a blowout result for the planemaker shoring up its finances during the coronavirus-induced travel downturn. Boeing’s capital raise, first reported by Reuters earlier this week, would