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Latest News on private equity markets

Wall St. reaches new highs as China moves to limit coronavirus impact

U.S. stocks gained for a fourth straight session on Thursday and Wall Street's main indexes hit record highs as concerns eased over the economic fallout from the coronavirus outbreak in China.



5 years ago

T-Mobile beats quarterly estimates as Sprint merger decision looms

T-Mobile US Inc beat analysts' estimates for quarterly revenue and profit on Thursday, as the wireless carrier added more mobile phone subscribers to its monthly plans, some of which come bundled with a Netflix Inc service.



5 years ago

Uber increases quarterly revenue but food delivery costs eat profit

Uber Technologies Inc drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose money as it tries to outspend competitors.



5 years ago

Juul raises $700 million in debt from investors: source

Juul Labs Inc has raised more than $700 million in convertible debt from investors to fund its operations, a source familiar with the matter told Reuters, as the e-cigarette maker battles growing regulatory scrutiny on vaping.



5 years ago

Intercontinental Exchange abandons deal talks with eBay

New York Stock Exchange owner Intercontinental Exchange Inc (ICE) said it had decided to stop exploring deal options with eBay Inc , just hours after its chief executive said he would "love" to speak with the e-commerce company.



5 years ago

Hedge fund Elliott Management builds stake in SoftBank: sources

Hedge fund Elliott Management Corp, one of the world's most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese conglomerate's value, people familiar with the matter said on Thursday.



5 years ago

Uber sees profit by end of 2020, ahead of previous target

Uber Technologies Inc on Thursday moved forward by a year its target to achieve profitability on an adjusted basis to the fourth quarter of 2020, sending its shares up 5% in after-hours trading.



5 years ago

Aurora Cannabis CEO steps down, company cuts 500 jobs

Aurora Cannabis co-founder and Chief Executive Terry Booth will retire and step down from the marijuana producer, with Executive Chairman Michael Singer becoming interim CEO, the company said in a statement on Thursday.



5 years ago

BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Signs CAD~$715,000 Contract with United States Federal Government Agency

BIGG Digital Assets | Release | Feb 4, 2020 VANCOUVER, February 4, 2019 – BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has signed a 5-year

5 years ago

Toyota to make more pickup trucks at Mexican plant in shift from U.S.

Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift production of its popular mid-size Tacoma pickup truck to Mexico from the United States, the company said on Thursday.



5 years ago

Fed includes 'heightened stress' in leveraged loans in 2020 bank stress tests

Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes "heightened stress" in leveraged loans, the Federal Reserve announced on Thursday.



5 years ago

On shareholder vote reforms, BlackRock sits on the fence

BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead a middle ground on a hotly contested, politicized issue.



5 years ago

Uber sees profit by end of 2020, but still expects full-year loss

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year.



5 years ago

ViacomCBS to launch new streaming platform: CNBC

ViacomCBS is working on a streaming service that will build on CBS All Access, CNBC reported on Thursday, citing people familiar with the matter.



5 years ago

Jury orders Johnson & Johnson to pay $750 million in New Jersey talc case

Johnson & Johnson was ordered on Thursday by a New Jersey state jury to pay punitive damages of $750 million to four plaintiffs who allege that the company's Baby Powder caused their cancer, a ruling that will be reduced to around $185 million because of state laws, according to a lawyer for the plaintiffs and the company.



5 years ago