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Consumer Goods and Retail Headlines

LPC-Private equity firms team up for bigger bids

Private equity firms are teaming up again as they tilt at bigger targets to share equity cheques backing jumbo public to private deals, such as UK payments firm Paysafe, and spinoffs from blue-chip companies, including Akzo Nobel’s sale of its chemicals business.

UPDATE 4-Gillette weakens P&G report after Peltz row

Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board.


Trump tax cuts gain momentum as Rand Paul goes 'all in'

WASHINGTON U.S. Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier. | Video