Newton Glassman's Catalyst private equity firm touts stellar returns, but Reuters has found some of its big bets don't live up to their valuations.
Business & Financial News, U.S & International Breaking News
U.S. House panel formally asks Facebook CEO to testify on user data
The leaders of the U.S. House Energy and Commerce Committee on Friday wrote Facebook Inc chief executive Mark Zuckerberg detailing new concerns about the social media company's use of data and formally requesting that he testify at a future hearing.
China urges U.S. away from 'brink' as Trump picks trade weapons
China urged the United States on Friday to "pull back from the brink" as President Donald Trump's plans for tariffs on up to $60 billion in Chinese goods moved the world's two largest economies closer to a trade war.
Nike lifts S&P and Dow, chip stocks weigh on Nasdaq
The S&P 500 and the Dow were lifted by gains in Nike on Friday, but the tech-heavy Nasdaq was weighed down by losses in chip stocks led by Micron Technology.
Bank of America pays record $42 million penalty over masking stock trades
Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York state that it fraudulently routed millions of client orders to trade stocks to outside firms, including a firm once run by Bernard Madoff.
GSK pulls out of $20 billion race for Pfizer consumer assets
GlaxoSmithKline has quit the race to buy Pfizer's consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.
Venezuelans suspicious of currency rebrand amid hyperinflation
Venezuelans said on Friday they lacked confidence in President Nicolas Maduro’s decision to knock three digits off the country’s ailing bolivar currency amid soaring hyperinflation.
Exp: Mar 18
Exp: Mar 18
Exp: Apr 18