By Sinéad Carew and Shashwat Chauhan (Reuters) -Wall Street’s main indexes closed higher on Friday as investors honed in on the chance of a bigger interest rate cut by the Federal Reserve next week, with rate-sensitive small cap stocks outperforming. Bets on the size of the Fed’s cut have been volatile and were roughly even […]
Insight Partners closes in on new $10 billion fund, FT reports
(Reuters) – Private equity firm Insight Partners is on the brink of closing a new $10 billion-plus fund, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people with knowledge of its plans. Insight will not formally close its 13th fund until early next year, the report said, adding that […]
Boeing strike could drag on as workers push for higher wages, union leader says
SEATTLE (Reuters) – A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday. More than 30,000 members of the International Association of Machinists and Aerospace Workers […]
Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon […]