Nordstrom shares rise as family nears deal with Leonard Green for bid to take retailer private
CNBC, 13 September at 16:31
The Nordstrom family is leaning toward a partnership with private equity firm Leonard Green to assist its bid to take the department store private. The partnership would be key to providing the equity necessary to finance the deal. They will soon begin
Nordstrom's plan to attract shoppers: Wine, manicures — but no merchandise
European markets close mixed ahead of Federal Reserve meeting; Kingfisher up 5.5%
CNBC, 20 September at 18:47
The pan-European Stoxx 600 was little changed, with most sectors in negative territory and major bourses pointing in opposite directions. On the data front, U.K. retail sales were much stronger-than-anticipated in August. The Office for National
Toshiba's Board Has One Last Job
Bloomberg, 20 September at 18:32
The (faux) bidding war for Toshiba Corp.'s chip unit may be over, but what all parties need to hope for now is an end to the legal battle. In its statement Wednesday announcing Bain Capital Private Equity LP as the victor, Toshiba gave a nod to Western
Here's what BlackRock says will happen to interest rates when Fed slims down its balance sheet
CNBC, 20 September at 18:07
The Fed is expected to begin unwinding its giant $4.5 trillion portfolio, and it should not immediately have much impact on interest rates, according to BlackRock's fixed income chief. Rick Rieder says the 10-year yield could get to 2.50 percent this
Fed conflicted by weak US inflation, global economic rebound
Reuters, 20 September at 17:22
FILE PHOTO - The seal for the Board of Governors of the Federal Reserve System is on display in Washington, DC, U.S. on June 14, 2017. REUTERS/Joshua Roberts/File Photo. WASHINGTON (Reuters) - Caught between a lull in U.S. inflation and a stronger ...
Stocks inch lower after S&P record, trade muted ahead of the Fed
CNBC, 20 September at 17:17
The Federal Reserve is widely expected to announce that it will start unwinding its $4.5 trillion balance sheet and that rates will remain unchanged. The Fed announcement will be released at 2 p.m. ET, followed by a press conference with Chair Janet
Tata Steel and ThyssenKrupp Agree to Create European Steel Giant
New York Times, 20 September at 17:15
A steel worker at a ThyssenKrupp plant in Duisburg, Germany. Under the deal, the company's German operations could work with Tata Steel's plant in the Netherlands. The new venture would be based in Amsterdam. Credit Friedemann Vogel/European ...
US Existing-Home Sales Fall to a One-Year Low After Harvey
Bloomberg, 20 September at 17:15
Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Wednesday.
US existing home sales fall to 12-month low
Reuters, 20 September at 17:12
The setting sun hits Peter Cooper Village, a residential development, in Manhattan August 24, 2011. REUTERS/Lucas Jackson. WASHINGTON (Reuters) - U.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in ...
Wall St. opens little changed; Fed takes center stage
Reuters, 20 September at 17:08
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 6, 2017. REUTERS/Brendan McDermid. (Reuters) - Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day ...
US stocks struggle for direction ahead of Fed decision
Financial Times, 20 September at 17:08
US stocks fluctuated between losses and gains but hovered near record levels ahead of the Federal Reserve's latest monetary policy decision. The S&P 500 was flat at 2,507.03 — led by a 0.5 per cent rise in the energy sector and offset by a 0.3 per
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