GE’s fate: World of private equity is watching, says Carlyle Group’s Co-CEO Glenn Youngkin

GE’s fate: World of private equity is watching, says Carlyle Group’s Co-CEO Glenn Youngkin

General Electric’s (NYSE:GE) potential sale of $20 billion in assets has the close attention of the private equity world. Continue Reading Below Glenn Youngkin, the co-CEO of the Carlyle Group, told FOX Business’ Maria Bartiromo that GE is undergoing a “massive reevaluation” of its overall strategy. “I think everybody is standing poised and ready to see what their strategic review brings forth as far as what businesses are going to stay in. Whether they stay as…

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3 Growth Stocks I’d Buy Right Now

3 Growth Stocks I’d Buy Right Now

The raging bull market has caused shares of many growth stocks to soar to nosebleed valuations. However, even in times like these, there are bargains to be found if you’re willing to do a bit of digging. So which growth stocks do I think are safe buys right now? Manhattan Associates (NASDAQ: MANH), Tucows (NASDAQ: TCX), and Coherent (NASDAQ: COHR) are three of my choices. Continue Reading Below To the cloud You’ve probably never heard…

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Warren Buffett to retire from Kraft Heinz board

Warren Buffett to retire from Kraft Heinz board

article Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton Billionaire investor Warren Buffett is retiring from the board of directors of Kraft Heinz Co. at the end of his term in April, the food and beverage company said Friday. Continue Reading Below Mr. Buffett, the 87-year-old chairman and chief executive of Berkshire Hathaway Inc., will…

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3 Big Drugmakers Boosting Huge R&D Budgets

3 Big Drugmakers Boosting Huge R&D Budgets

Biopharma has been spending more to achieve less. According to Deloitte’s eighth annual industry tracking study, research and development returns have plummeted from 10.1% in 2010 to just 3.2% last year. Despite the disturbing trend, some of the industry’s biggest spenders are boosting their R&D outlays. Last year, Bristol-Myers Squibb Co. (NYSE: BMY), Celgene Corporation (NASDAQ: CELG), and Johnson & Johnson (NYSE: JNJ) raised their research and development budgets by more than $1 billion each….

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Warren Buffett is stepping down from Kraft Heinz board

Warren Buffett is stepping down from Kraft Heinz board

Warren Buffett is stepping down from the board of directors of Kraft Heinz Co. The Chicago-based food and beverage giant says the 87-year-old billionaire investor will retire from its board when his term ends in April as he moves to cut back on travel. Continue Reading Below Buffett is the CEO of Berkshire Hathaway Inc., a conglomerate based in Omaha, Nebraska. Kraft Heinz said its board will nominate Alexandre Van Damme to take Buffett’s seat….

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BB&T says ‘equipment malfunction’ led to service outage

BB&T says ‘equipment malfunction’ led to service outage

BB&T continued its work on Friday to restore all of its online banking services after an outage blamed on an equipment malfunction left some customers unable to access their accounts. The Winston-Salem, North Carolina-based bank posted a statement on its Twitter page saying the problem persisted Friday, initially taking out its online banking, mobile banking app and automated teller machine services. They provided no further details on the source of the problem or exactly when…

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The Latest: Dems say Interior changes a gift to industry

The Latest: Dems say Interior changes a gift to industry

article The Latest on a proposal to reorganize the Department of Interior and speed up permitting by the agency (all times local): Continue Reading Below 4:45 p.m. House Democrats say U.S. Interior Secretary Ryan Zinke’s revised plan to overhaul his department’s sprawling bureaucracy has the same problem as his original proposal: It puts industry first. Zinke on Friday revealed in an Associated Press interview that he’s backing away from plan to split up his agency…

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Companies that have cut ties with the NRA, at a glance

Companies that have cut ties with the NRA, at a glance

U.S. companies that have partnered with the National Rifle Association to offer discounts and benefits to its members have begun to distance themselves from the gun lobbying group after the latest school shooting. Following is a list of some of the companies that have cut ties or distanced themselves from the NRA: Continue Reading Below First National Bank of Omaha — The bank announced that it would not renew a co-branded Visa credit-card with the…

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More companies end ties with NRA as pressure mounts

More companies end ties with NRA as pressure mounts

article Three more companies said Friday they had ended discount programs with the National Rifle Association, as U.S. corporations take a closer look at investments, co-branding deals and other ties to the gun industry after the latest school massacre. Continue Reading Below Petitions are circulating online targeting companies that offer discounts to NRA members on its website. #BoycottNRA has trended on Twitter. Members of the NRA have access to special offers from partner companies on…

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One of Bitcoin’s Biggest Problems Is Getting Better

One of Bitcoin’s Biggest Problems Is Getting Better

Before bitcoin (BTC-USD) can become a widely used currency, there are several challenges it needs to overcome. Just to name a couple, its volatility needs to calm down significantly, and merchants need an easy and convenient way to accept bitcoin payments. Another problem facing bitcoin is its cost. Despite the common misconception among people who have never actually sent bitcoin from one place to another, bitcoin is not free. In fact, bitcoin became prohibitively expensive…

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