Blackstone to take controlling stake in Tallgrass Energy for $3.3 billion
U.S. private equity firm Blackstone Group LP said on Thursday it would buy a controlling stake in midstream energy company Tallgrass Energy LP for $3.3 billion.
U.S. weekly jobless claims race to near one-and-a-half year high
The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, which could raise concerns that the labor market is slowing.
Altria says Juul sales quintupled to $1 billion in 2018
Marlboro maker Altria Group Inc said on Thursday its affiliate e-cigarette maker Juul Labs Inc posted $1 billion in revenue in 2018, up from $200 million a year earlier, highlighting the booming growth of the industry.
Explainer: What are India’s new foreign direct investment rules for e-commerce?
India late last year modified foreign direct investment (FDI) rules for its burgeoning e-commerce sector that has attracted Walmart Inc and Amazon.com Inc, creating new hurdles for both global retail giants.
Walmart, Amazon scrambling to comply with India’s new e-commerce rules
Walmart Inc-owned Flipkart and Amazon.com Inc’s Indian unit are rushing to rejig ownership structures and rework some key vendor relationships, as they seek to comply with new Indian e-commerce curbs without disrupting their businesses.
ConocoPhillips beats profit estimates on higher production, prices
ConocoPhillips beat quarterly profit estimates on Thursday as the world’s largest independent oil producer sold more oil at higher prices, sending its shares up more than 2 percent.
Musk not worried about Tesla Model 3 demand, but Wall St. is
Shares in Tesla Inc fell nearly 4 percent on Thursday as Wall Street analysts following up on its fourth-quarter results questioned underlying demand for its crucial Model 3 sedan and the electric car maker’s ability to make inroads in China.
Blackstone earnings sink 42 percent on lower fees; managed assets hit record
Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees.
Deutsche Bank focused on profit, not Commerzbank tie-up: source
Deutsche Bank is focused on achieving sustainable profitability, a source at Germany’s largest bank said on Thursday, seeking to distance the lender from talk of a merger with rival Commerzbank.
U.S. weekly jobless claims jump to near one-and-a-half year high
The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, but economists dismissed the jump as a fluke and said temporary factors, including a partial government shutdown, were to blame.
