Tag: Investing

  • Kraft Heinz exposes Corporate America’s debt problem

    New York (CNN Business)The Kraft Heinz food empire has a debt problem. Kraft Heinz, the owner of Oscar Mayer, Velveeta and Planters nuts, is now scrambling to raise cash that can be used to pay down its nearly $31 billion of long-term debt. The food giant slashed its dividend by 36% and announced plans to […]

  • The IPO market is still in hibernation. Blame the government shutdown and market mayhem

    New York (CNN Business)Stocks are on fire in 2019, but the IPO market is still in hibernation mode because of a chill caused by the government shutdown and market mayhem. “It’s a direct reflection of the government shutdown,” said Jackie Kelley, Americas IPO leader at EY, which used to be known as Ernst & Young. […]

  • How elite investors use artificial intelligence and machine learning to gain an edge

    New York (CNN Business)Artificial intelligence and machine learning might sound like the stuff of sci-fi movies. But hedge funds, major banks and private equity firms are already deploying next-generation technologies to gain an edge. Much of the technology that elite investors use isn’t really new. Financial firms are just better able to harness the power […]

  • The next round of bank mergers has finally arrived

    New York (CNN Business)After a decade-long lull, flashy mergers between American banks are back. After the 2008 financial crisis, mergers and acquisitions in the banking sector stalled as regulation of the industry ramped up and the public remained wary of “too big to fail” institutions. Ten years later, another round of consolidation appears imminent, according […]

  • Marco Rubio wants to end stock buybacks’ tax advantage

    New York (CNN Business)The backlash against stock buybacks has gone bipartisan. While announced buybacks surged by 71% in 2018, government statistics show that business spending on job-creating investments like factories and equipment grew at a much more moderate pace. Fixed business investment increased just 8.2% through the first three quarters of 2018. Bank of America […]

  • Charlotte Russe files for bankruptcy and will close nearly 100 stores

    New York (CNN Business)Charlotte Russe has filed for Chapter 11 bankruptcy and plans to close 94 stores, the company announced Monday. Poor sales and too much debt hurt the retailer. In 2009, private equity firm Advent International bought Charlotte Russe in a $380 million cash-for-stock deal. Last year, Charlotte Russe reached a deal to reduce […]

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