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Latest News on private equity markets

CEOs who mention 'growth' on earnings calls see outsized stock gains

Companies with CEOs who make liberal use of positive words like "growth" during earnings calls outperform their counterparts, a study finds.

5 years ago

Pentagon set to back Huawei restrictions: Politico

The Pentagon is likely to back restrictions to Huawei Technologies, reversing earlier opposition to a proposal meant to further crack down on U.S. exports to the blacklisted Chinese technology company, Politico reported on Wednesday.



5 years ago

MGM Resorts CEO Jim Murren to step down before contract ends

MGM Resorts International's Chief Executive Officer Jim Murren will step down before completing his contract, the U.S. casino operator said on Wednesday.



5 years ago

Tesla recalls 15,000 Model X SUVs for power steering issue in North America

Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash.



5 years ago

Wall Street sets record closing highs as coronavirus fears subside

Wall Street closed at record highs on Wednesday as news that the coronavirus outbreak could be running out of steam kept buyers in the ring.



5 years ago

Mobile World Congress in Barcelona called off over coronavirus fears

The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was canceled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.



5 years ago

U.S. lawmaker calls for ouster of CalPERS CIO over China ties: letter

A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation's largest, citing what he called the CIO's "long and cozy" relationship with Beijing, and assailed the fund's investments in Chinese companies.



5 years ago

MGM Resorts withdraws 2020 financial targets on coronavirus hit

MGM Resorts International withdrew its forecast for 2020 on Wednesday, as it assesses the fallout of the coronavirus epidemic on its business.



5 years ago

Raytheon discloses SEC subpoena related to payments by Thales JV in Middle East

Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014, the U.S. weapons maker disclosed in a filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1047122/000104712220000009/rtn-12312019x10k.htm on Wednesday.



5 years ago

Hyundai bet big on China. Now coronavirus is twisting its supply chain

South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring.



5 years ago

Despite $1 trillion deficits, Trump tax cuts will still 'pay for themselves': Mnuchin

U.S. Treasury Secretary Steven Mnuchin insisted on Wednesday that President Donald Trump's tax cuts will still pay for themselves over 10 years, even as the administration forecasts near-term deficits close to $1 trillion.



5 years ago

Pentagon expected to back additional Huawei restrictions: source

The Pentagon is likely to back new U.S. restrictions on Huawei Technologies, reversing earlier opposition to a proposal meant to further crack down on exports to the blacklisted Chinese company, a person briefed on the matter told Reuters on Wednesday.



5 years ago

Jump in new coronavirus cases derails stock rally

Asian stock markets wobbled and the safe-havens of the Japanese yen, gold and bonds rose on Thursday as the number of new coronavirus cases at the outbreak's epicenter jumped sharply.



5 years ago

Jump in new coronavirus cases stymies stock rally

Asian stock markets wobbled on Thursday while safe-havens such as the yen, gold and bonds rose as the number of new coronavirus cases and deaths in the outbreak's epicenter jumped.



5 years ago

Oil rises for third day as coronavirus impact may spur output cuts

Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world's second-largest crude consumer.



5 years ago