Why you need to care about the German bond rout
Crude oil prices continue to march to new highs for the year and those ultra-safe European bond yields are rushing upward from the zero line with alarming speed.
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Blackstone said to get $17 billion in seven months for buyout fund
Blackstone Group LP, the biggest alternative-asset manager, raised $17 billion in seven months for its latest buyout fund, two people with knowledge of the process said. The New York-based firm has completed the initial round of fundraising for Blackstone Capital Partners VII and will continue to gather commitments, said the people, who requested anonymity because the details are typically kept private until funds stop accepting money. Blackstone targeted $16 billion
Alibaba quarterly sales surge 45%, names Zhang as new CEO
Alibaba Group Holding Ltd. shares surged after China’s biggest e-commerce company named a new chief executive officer and posted a 45 increase in revenue. Daniel Zhang will become CEO on May 10, replacing Jonathan Lu, who will remain on the board as vice chairman, the company said Thursday. The change was announced as Alibaba’s sales rose to 17.4 billion yuan ($2.8 billion) in the three months through March, beating analysts’
Adam Levine Flour-Bombed Outside Jimmy Kimmel Live! Or Powdered-Sugar-Bombed…
Did Adam Levine just get way more “Sugar” than he ever wanted? The Maroon 5 frontman and coach on The Voice was either unceremoniously flour-bombed or, according to some…
Jobless claims hover around lowest levels in 15 years
Fewer Americans than forecast filed applications for unemployment benefits last week, dropping the average over the past month to the lowest in 15 years, indicating companies are holding on to workers. Jobless claims increased by 3,000 to 265,000 in the week ended May 2, a Labor Department report showed Thursday in Washington. The median forecast of 47 economists surveyed by Bloomberg projected 278,000. The dearth of applications for unemployment benefits
Jennifer Love Hewitt Leaving Criminal Minds After One Season
Surprise! Jennifer Love Hewitt is leaving Criminal Minds. The Party of Five and Ghost Whisperer star joined the CBS series at the start of season 10 and will not return for season 11…as of…
Lumber Liquidators to halt Chinese laminate sales
Home improvement retailer Lumber Liquidators is halting sales of all its Chinese laminate flooring effective immediately, CNBC has learned. The move comes in the face of dozens of lawsuits over the safety …
Miss Zimbabwe's crown is in jeopardy
HARARE, Zimbabwe (AP) — Last year, Miss Zimbabwe quit after photographs of the beauty queen posing naked emerged on social media. This year’s Miss Zimbabwe faces a similar scandal.
Oil rally snaps as ample supplies outweigh U.S. stock draw
Oil fell 2 percent on Thursday, wiping out gains from the past two sessions, as euphoria from the first U.S. inventory drawdown in months faded and focus returned to oversupplies in crude and gasoline. North Sea Brent and U.S. crude futures fell more than $1 a barrel, pressured partly by gasoline’s sharpest one-day drop in more than two weeks. U.S. crude inventories fell almost 4 million barrels last week, their
Abu Dhabi to stop hosting international film festival
DUBAI, United Arab Emirates (AP) — Organizers of the Abu Dhabi Film Festival said Thursday they are shutting down the annual international event after eight years, even as the oil-rich emirate attracts greater attention from Hollywood studios.