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Goldman Sachs tomorrow is expected to name David Solomon as its next CEO, timed to second quarter earnings, according to CNBC.
Bottom line: Solomon's promotion to succeed Lloyd Blankfein has been a question of when, not if, since rival Harvey Schwartz left earlier this year.
Harvey Weinstein leaves New York City Criminal Court. Photo: Scott Heins/Getty Images
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U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.
Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.
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Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.
The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.