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Latest News on private equity markets

Skywest orders 20 old-generation Embraer jets as order for newer jets remains paused

Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyBest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo.



5 years ago

Amazon holiday sales jump as one-day shipping quadruples, stock up 13%

Amazon.com Inc on Thursday said its sales jumped during the holiday season and profit far exceeded expectations, as the world's biggest online retailer shortened delivery times and drew more shoppers to its loyalty club Prime.



5 years ago

Wall Street reverses course to end higher after WHO comments

U.S. stocks rebounded late to close higher on Thursday after the World Health Organization (WHO) declared the China coronavirus a global emergency, while earnings painted a mixed picture.



5 years ago

Levi's shuts half its China stores on coronavirus outbreak, expects financial hit

Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a near-term financial hit as a result of the epidemic, Chief Financial Officer Harmit Singh said on Thursday.



5 years ago

U.S. farm bankruptcies hit an eight-year high: court data

U.S. farm bankruptcy rates jumped 20% in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.



5 years ago

December bump in oil prices not enough to salvage energy earnings

Investors hoping a late-2019 rise in oil prices will buoy energy stocks are likely to be disappointed when a raft of companies report results in coming weeks.



5 years ago

Financial vulnerabilities could undermine effect of rate cuts: Bank of Canada

Financial vulnerabilities like high household debt could undermine central bank efforts to keep inflation in check, since they potentially limit the effectiveness of rate cuts, a top Bank of Canada official said on Thursday.



5 years ago

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13%

Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50% rise in two years.



5 years ago

IBM CEO Ginni Rometty to step down; cloud boss to succeed

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company's cloud business, as it looks to build on her attempts to steer the Big Blue to the fast-growing segment.



5 years ago

Canadian lender CIBC flags layoffs as it battles challenging environment

Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay offs as it contends with a tough environment for revenue growth.



5 years ago

Amgen 2020 outlook falls short of Street estimates, shares down 3%

Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3%.



5 years ago

SkyWest orders 20 old-generation Embraer jets as order for new line remains paused

Brazilian planemaker Embraer SA said on Thursday that U.S. regional carrier SkyWest Inc had signed a firm order for 20 E175 planes from the E1 generation, worth close to $1 billion, as an order for a newer, more efficient plane remains in limbo.



5 years ago

EA forecasts fourth-quarter revenue below estimates, shares slip

Electronic Arts Inc forecast fourth-quarter revenue below analysts' estimates, weighed down by the delayed launch of its basketball title "NBA Live", while its "Apex Legends" battles "Fornite" and "PUBG" to attract young gamers.



5 years ago

IBM CEO Rometty to step down; cloud boss to succeed

International Business Machines Corp Chief Executive Officer Ginni Rometty will hand over the reins to the head of the company's cloud business, as the pioneer tech company continues its efforts to rejuvenate itself.



5 years ago

Visa sees muted revenue growth in 2020, shares fall 3%

Visa Inc on Thursday fell short of analysts' estimate for first-quarter revenue and said revenue this year would be crimped by incentives it provide to banking clients, sending its shares down nearly 3%.



5 years ago