Carlyle Group LP emulated its
peers on Wednesday with plans to convert from a publicly traded
partnership into a corporation, and went one step further by
announcing it will become the first U.S. private equity firm to
hold shareholder votes.
General Electric Co swung back to
a financial loss in the second quarter, as the restructuring of
its ailing power business drained more cash than expected from
its otherwise profitable industrial unit.
Singapore Exchange Ltd
reported record revenue for the quarter ending June
and its net profit rose 24%, boosted by strong performance at
its derivatives business, while its securities business also
Japan's Mitsubishi UFJ Financial
Group on Wednesday posted a 24% jump in first-quarter
profit, as the sale of foreign bonds and other one-off gains
helped it ride out weakness in its core banking business.
front-runner Joe Biden and rival Kamala Harris will stage a
rematch of last month's explosive debate confrontation during
Round 2 on Wednesday, with a re-energized Biden promising a more