KKR to Sell Majority Stake in European Telecom Firm
U.S. private-equity firm KKR has agreed to sell a majority stake in its European telecom operator United Group to U.K.-based rival BC Partners in a deal that would value the company at about $3 billion, including debt.
Jeff Bezos’s Startup to Supply Engines for Rocket Venture
Blue Origin, the space-transportation company run by Jeff Bezos, has won a contract to provide engines for a potential rival’s next-generation rocket, vaulting Mr. Bezos into the lucrative market for Pentagon satellite launches.
U.S. Stocks Open Higher
U.S. stocks edged slightly higher as investors continued to parse the outcome of the Federal Reserve’s decision to raise interest rates.
Oil Gains on Tight Supply Concerns
U.S. oil prices climbed back toward two-month highs as investors resumed their focus on shrinking oil exports due to sanctions on Iran that are putting a further squeeze on already-tight global oil supplies.
Eurozone Manufacturing Confidence Slips
Manufacturers grew less upbeat about their prospects in September as French businesses saw a slowdown in new orders, while consumer confidence also weakened.
New Laws Aim to Make Work Hours More Predictable
The minimum wage that workers earn has long been a matter of public policy. Now some city and state governments are weighing how employee hours are set in an attempt to give shift workers more predictability and stability. 77
Criminal Trial to Cap Off Tumultuous Year in NCAA Basketball
The first of three criminal trials stemming from a sprawling probe of alleged corruption in college basketball is set to begin next week, a critical test for an investigation that rattled the sport with charges of bribery at some of the country’s most-storied basketball programs.
Trump Takes Aim at Iran During U.N. General Assembly Speech2:20
Kavanaugh: “If I Had Done That, It Would Have Been the Talk of Campus.”1:45
EU Leaders Reject U.K. Proposals on Post-Brexit Economic Relations2:32
Treasurers Turn to New Technologies
International companies are implementing new technologies to improve efficiency and cut costs, according to treasurers and finance professionals who gathered Wednesday at EuroFinance, an industry event being held in Geneva, Switzerland.