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Latest News on private equity markets

Britain's Sainsbury's to cut hundreds of management jobs

Britain's Sainsbury's plans to cut hundreds of management jobs as it seeks to bring its main supermarket operation and its Argos general merchandise arm closer together, it said on Tuesday.



5 years ago

History shows Tesla may have a rough go of it from here after stock doubled in 6 months

Bernstein doesn't see Tesla shares climbing much more after the firmed looked at the historical data of high-flying stocks.

5 years ago

China virus scare sends shudder through European luxury goods sector

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong.



5 years ago

Wall Street rally pauses amid China virus outbreak, growth fears

U.S. stock indexes slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF paused a record-setting rally on Wall Street.



5 years ago

Uber tests feature allowing some California drivers to set fares

Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors rather than employees under state law.



5 years ago

Exclusive: Philadelphia refinery expected to be sold to real estate developer - sources

The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday.



5 years ago

Lawmakers want to end age discrimination — and that's good for your wallet

The House of Representatives passed a bill that would make it more difficult to fire or discipline older workers based solely on their age.

5 years ago

Brazil's GOL sees 737 MAX flying by April, compensation talks ongoing

Brazilian low-cost carrier GOL, which has 130 of Boeing's grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday.



5 years ago

S&P 500 loses ground amid China virus outbreak, growth fears

The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains.



5 years ago

China virus outbreak impedes Wall Street rally; Netflix earnings on deck

Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to lock in recent gains.



5 years ago

Risk assets slip on Chinese virus anxiety

Risk assets took a hit across the globe on Tuesday while the Japanese yen and U.S. Treasury prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China.



5 years ago

Starbucks to add more plant-based food in latest green push; Beyond Meat shares jump

Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company's latest plan to become more environmentally friendly, Chief Executive Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc .



5 years ago

Oil market shrugs off Libya crisis amid ample global supply

Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya's crude production to a trickle.



5 years ago

Goldman CEO says process on canceled WeWork IPO 'worked'

Goldman Sachs Chief Executive David Solomon called WeWork's abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was "not as pretty as everybody would like it to be".



5 years ago

Huawei CFO arrives in Vancouver court to contest U.S. extradition request

Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday, where her lawyers are expected to build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.



5 years ago