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Latest News on private equity markets

Huawei snatched market share from Apple, local rivals in China in 2019

Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the expense of smaller Chinese rivals and Apple even as the smartphone market shrank further and consumers favored phones with 5G technology, data shows.



5 years ago

Atlantia shares rise on hopes for truce with Italian government

Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.



5 years ago

French carmaker Renault names Luca de Meo as new CEO

French carmaker Renault on Tuesday named former Volkswagen's Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a new management in the post-Ghosn era and shore up its alliance with Nissan .



5 years ago

U.S. economy on path to 'solid' 2020 growth; budget deficits to top $1 trillion

The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.



5 years ago

United cancels flights to China as Facebook, others avoid travel on virus fears

United Airlines Holdings Inc is cancelling some flights to China as Facebook Inc and other global companies restrict travel to the country, with concerns over a flu-like virus deepening.



5 years ago

Canada, isolated over Huawei 5G, is studying British decision

Canada, the only member of an elite intelligence-sharing network yet to decide whether to allow the use of Huawei Technologies Co Ltd 5G technology, on Tuesday said it was studying Britain's decision not to ban the Chinese telecoms giant from the West's next-generation communications.



5 years ago

Renault says will reopen Wuhan plant with partner Dongfeng on February 10

Renault will resume production at the factory it runs with Dongfeng Group in Wuhan, Hubei province and the epicenter of the outbreak of a new flu-like virus, on Feb. 10, a spokeswoman for the French carmaker said on Tuesday.



5 years ago

How Facebook thinks its independent oversight board should work

Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board's administrative staff.



5 years ago

Oil edges up as stock markets rebound after virus-related selloff

Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.



5 years ago

Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO

Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in northeast Ohio, Chief Executive Steve Burns told Reuters.



5 years ago

New rules are gutting consumer watchdog group from the inside, legal experts say

The Consumer Financial Protection Bureau has a new policy that some fear will weaken its policing of Wall Street.

5 years ago

Global stocks rebound in broad rally, safe-havens lose luster

Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China's coronavirus outbreak.



5 years ago

Apple leads Wall Street rebound ahead of results

U.S. stocks rebounded on Tuesday, with the S&P 500 bouncing back from its worst day in nearly four months, led by a climb in Apple and other names after concerns on the economic impact of the coronavirus outbreak in China sparked a sell-off last week.



5 years ago

Harley-Davidson's sales growth struggle sends shares tumbling

Harley-Davidson Inc on Tuesday reported a decline in quarterly motorcycle revenue that outpaced Wall Street's estimates as retail sales in the United States dived again, sending its shares lower.



5 years ago

High expectations for Tesla, and a long way to go to match rivals' steady profit

Buckle up. Tesla's quarterly report could be another wild ride for investors.



5 years ago