Saudi oil giant Aramco is ready for 2018 IPO, but waiting for OK from government, CEO says

Saudi Aramco, the world's largest oil firm, is ready to IPO in the this year, says president and CEO Amin Nasser.


P&G regains sales momentum, but pricing is still an issue

The consumer products giant beat expectations on both sales and earnings in its second quarter of 2018.

United States

Nearly $400 million lost, stolen from sales of new digital coins, Ernst & Young says

More than 10 percent of $3.7 billion raised in coin sales known as initial coin offerings has been lost or stolen, accounting giant Ernst & Young says.

United States

Market is getting it wrong on Fed rate hikes, warns private equity giant KKR

Private equity giant KKR said the market is pricing in only half the number of Fed rate hikes likely to come in 2019.


Comcast shares downgraded on slowing broadband growth fear, streaming competition

Nomura Instinet downgrades Comcast to neutral from buy, saying the media giant is facing several challenges.


Amazon is a ‘monster’ set to continue its winning streak, analysts say

The e-commerce giant has risen every trading day so far this year. For two analysts, the streak isn't over yet.

United States

A Wall Street giant makes a $75 million bet on academic philosophy

Bill Miller has donated $75 million to the Johns Hopkins University philosophy department, the New York Times reports.


UK construction giant Carillion collapses after lenders refuse further financial support

British construction and services company Carillion collapsed on Monday.


Saudi state taking control of Binladin construction giant: Report

Saudi Arabia is taking managerial control of Saudi Binladin Group, while the company's chairman is in detention.

United States

Private equity giant KKR warns about investment danger from corporate misconduct scandals

The wave of sexual misconduct scandals in 2017 will have repercussions in 2018, private equity giant KKR warned.

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