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What Is Private Equity? A Brief Guide

May 5, 2020 admin Comments Off on What Is Private Equity? A Brief Guide

Private equity is the investment of funds into private companies or businesses. It is a type of alternative investment that’s different from traditional investments like stocks or bonds.
Private equity funds often take a controlling stake in the companies in which they invest. As a result, they often play an active managerial role in how the target business operates.
Only certain types of investors can invest in the funds. But for those investors, this alternative class of investment can offer significant returns.

So What Is a Private Equity Fund?
So what is private equity, really? It is money that private equity funds pool together …read more […]

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WestRock Reports Quarterly Sales Miss, Slashes Dividend Payout By 57%

May 5, 2020 admin Comments Off on WestRock Reports Quarterly Sales Miss, Slashes Dividend Payout By 57%

WestRock LLC (WRK) second-quarter revenue dropped below market estimates as the packaging company announced $1 billion in cost-cutting measures and reduced its dividend to preserve cash amid the coronavirus pandemic.Net sales declined 3.7% to $4.45 billion in the second quarter ended March 31 year-on-year and came in $50 million below analysts’ estimates. Adjusted earnings per share amounted to $0.67 beating market expectations of $0.61 per share.WestRock lowered its annual dividend to $0.80 from $1.86 previously, which means its quarterly dividend was reduced to $0.20 from $0.465. Shares dropped 5.6% to $28.60 in pre-market U.S. trading.“In the second quarter, WestRock delivered …read more […]

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Carnival Plans to Set Sail Again, or Does It? Behind the Confusion and Controversy

May 5, 2020 admin Comments Off on Carnival Plans to Set Sail Again, or Does It? Behind the Confusion and Controversy

Carnival Cruise Line on Monday announced a partial return to North American cruising for eight of its vessels on Aug. 1. The resumption would be just several days after the Centers for Disease Control’s current no sail order is set to expire. The eight vessels would operate out of the home ports of Miami, Port […] …read more […]

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Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis

May 5, 2020 admin Comments Off on Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis

Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus. “The pandemic has had, and continues to have, a significant impact on our operations,” Fiat Chrysler (FCA) said in a statement. The Italian American carmaker said its net loss from continuing operations amounted to 1.69 billion euros ($1.83 billion) in the first quarter of this year. …read more […]

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Hugo Boss expects virus hit to worsen before recovery

May 5, 2020 admin Comments Off on Hugo Boss expects virus hit to worsen before recovery

German fashion house Hugo Boss expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales, but added that it was seeing signs of a rebound in China and online. The company reported first-quarter sales of 555 million euros ($605.34 million), ahead of average analyst forecasts for 548 million, while its loss before interest and taxation came in at 14 million, worse than average forecasts for 6 million. Hugo Boss, known for its smart men’s suits, said all of its own retail stores and concessions have reopened …read more […]