Latest News on private equity markets

Tesla seeks to raise $2 billion through stock offering

Tesla seeks to raise $2 billion through stock offering

Tesla Inc said on Thursday it plans to raise $2 billion by selling shares through a public offering.



6 years ago
Jump in coronavirus cases yanks stocks rally into reverse

Jump in coronavirus cases yanks stocks rally into reverse

A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.



6 years ago
Nine ways you can cut your 2019 tax bill

Nine ways you can cut your 2019 tax bill

Sometimes the simplest tax-planning techniques are the most effective. You still have close to two months to get your act together and cut your 2019 taxes.

6 years ago
Ousted Credit Suisse CEO Thiam to collect up to $30 million: sources

Ousted Credit Suisse CEO Thiam to collect up to $30 million: sources

Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said.



6 years ago
Apple to reopen some stores in Beijing on February 14: website

Apple to reopen some stores in Beijing on February 14: website

Apple will reopen some stores in Beijing from Feb. 14 with reduced opening hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.



6 years ago
Kraft Heinz takes $666 million charge, misses sales expectations

Kraft Heinz takes $666 million charge, misses sales expectations

Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses - including coffee brand Maxwell House - by $666 million.



6 years ago
NYC small business chief: Chinatown hit hard because of 'unfounded fears' over coronavirus

NYC small business chief: Chinatown hit hard because of 'unfounded fears' over coronavirus

"Business owners are telling us revenues are down 40% in Chinatown," said Gregg Bishop, commissioner of New York's Department of Small Business Services.

6 years ago
Nestle boss Schneider eyes more deals to bolster growth ambitions

Nestle boss Schneider eyes more deals to bolster growth ambitions

Nestle Chief Executive Mark Schneider will fine-tune his transformation plans with more acquisitions, he said after the Swiss food group lowered growth expectations on Thursday.



6 years ago
Airbus, Quebec to buy out Bombardier's A220 stake

Airbus, Quebec to buy out Bombardier's A220 stake

Airbus has teamed up with the Quebec government to buy Bombardier's 33.5% stake in the A220 passenger jet program, completing the Canadian firm's exit from civil aviation and boosting Airbus's position in a new battleground with Boeing.



6 years ago
AIG profit beats on stronger underwriting in general insurance unit

AIG profit beats on stronger underwriting in general insurance unit

Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.



6 years ago
Southwest extends 737 MAX flights cancellations through early August

Southwest extends 737 MAX flights cancellations through early August

Southwest Airlines on Thursday extended cancellations of 737 MAX flights through early August as the grounding of the Boeing Co jet drags on, potentially affecting the carrier's profits during the upcoming U.S. summer travel season.



6 years ago
Alibaba beats estimates on record Singles' Day sales

Alibaba beats estimates on record Singles' Day sales

China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing business.



6 years ago
There's now a record number of 401(k) and IRA millionaires, according to Fidelity

There's now a record number of 401(k) and IRA millionaires, according to Fidelity

The study found 441,000 IRA or 401(k) accounts they manage had balances of $1 million or more.

6 years ago
Google's fight against EU antitrust fine comes up against critical judge

Google's fight against EU antitrust fine comes up against critical judge

Google's battle against a $2.6 billion EU antitrust fine was dealt an apparent setback on Thursday, when one of the judges hearing the case said the company had committed a "clear infraction" in its handling of price-comparison shopping services.



6 years ago
Jet market oracle Tinseth bows out with Boeing at crossroads

Jet market oracle Tinseth bows out with Boeing at crossroads

Years ago, when Randy Tinseth was still running Boeing's sales account for United Airlines, the plane company's designers pulled him aside.



6 years ago