Exclusive: Apollo bets on Clearway Energy, defying PG&E bankruptcy fallout
Private equity firm Apollo Global Management LLC has amassed a 6 percent stake in Clearway Energy Inc, a renewable energy producer whose shares were hit after one of its customers filed for bankruptcy, people familiar with the matter said on Friday.
Wells Fargo officials make record $240 million settlement over bogus accounts
Wells Fargo & Co officials have reached a record $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts.
Wall Street bounces on trade optimism, tame inflation data
Wall Street’s main indexes bounced on Friday after data showed U.S. inflationary pressures remained tame and as strong economic data from China helped feed into optimism around trade.
A day of reckoning for the ECB?
The European Central Bank has downplayed a global slowdown for months, but it will finally take a tentative step next week to prop up the euro zone economy, signaling fresh stimulus to keep banks lending.
Toyota, Fiat Chrysler U.S. auto sales fall in February
Toyota Motor Corp and Fiat Chrysler Automobiles NV reported a fall in U.S. auto sales in February, as the industry faces weak demand following a long bull run after the financial crisis.
EBay announces review of StubHub, Classifieds in deal with activists
EBay Inc on Friday announced a review of its StubHub and eBay Classifieds businesses and said it would appoint two new directors to its board, as part of an agreement with activist investors to avert a proxy contest.
EU states block putting Saudi Arabia, U.S. territories on dirty-money list
European Union member states unanimously rejected on Friday a proposal to blacklist Saudi Arabia and four U.S. territories for lax controls on terrorism financing and money laundering, sources told Reuters.
Tesla shares down 5 percent after Model 3 launch, sales shake-up
Wall Street reacted nervously on Friday to Tesla Inc’s move to shut its network of showrooms and launch a long-awaited cheaper version of its Model 3 sedan, with its shares falling 5 percent and most analysts expressing concern over the company’s long-…
Wall Street futures hold gains after benign inflation data
U.S. stock index futures were higher on Friday, setting up Wall Street’s main indexes for a higher open, after data showed inflation remained benign in December.
U.S. personal income falls; spending weakest since 2009
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.
