Latest News on private equity markets

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines - report

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines - report

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department's Inspector General seen by Reuters ahead of its release.



6 years ago
FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to Alphabet Inc's Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday.



6 years ago
Exclusive: FAA agrees with inspector general recommendations to improve Southwest oversight

Exclusive: FAA agrees with inspector general recommendations to improve Southwest oversight

The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department's Inspector General that faulted its oversight of Southwest Airlines Co , according to a final report seen by Reuters ahead of its release later this week.



6 years ago
Airbnb swings to a loss as costs climb: WSJ

Airbnb swings to a loss as costs climb: WSJ

Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported https://www.wsj.com/articles/airbnb-swings-to-a-loss-as-costs-climb-ahead-of-ipo-11581443123?mod=searchresults&page=1&pos=1 on Tuesday, citing people close to the company.



6 years ago
Exclusive: Germany's Volkswagen and Daimler push for more 'sustainable' Chile lithium

Exclusive: Germany's Volkswagen and Daimler push for more 'sustainable' Chile lithium

German automakers Volkswagen and Daimler have launched a study to push for more "sustainable" lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom.



6 years ago
China c.bank gives green light to Mastercard's China JV for clearing business

China c.bank gives green light to Mastercard's China JV for clearing business

China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.



6 years ago
Samsung unveils foldable Galaxy Z phone, challenging Apple design and tech

Samsung unveils foldable Galaxy Z phone, challenging Apple design and tech

Samsung Electronics on Tuesday unveiled a square-shaped foldable smartphone, its second try at a novel technology that the Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.



6 years ago
Virus fears, China diplomacy loom over Singapore Airshow

Virus fears, China diplomacy loom over Singapore Airshow

Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters.



6 years ago
TUI says exceptional holiday bookings helps to offset 737 MAX woes

TUI says exceptional holiday bookings helps to offset 737 MAX woes

European travel company TUI said an exceptional number of holiday bookings would help offset the impact of the Boeing 737 MAX grounding on its annual profit, enabling it to lift the bottom end of annual earnings guidance.



6 years ago
Daimler's Mercedes sales drive higher but charges put brakes on profit

Daimler's Mercedes sales drive higher but charges put brakes on profit

Daimler reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off on more than 5 billion euros ($5.46 billion) in legal and restructuring charges.



6 years ago
China central bank gives greenlight to Mastercard's China JV for clearing business

China central bank gives greenlight to Mastercard's China JV for clearing business

China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.



6 years ago
FAA says approaching 737 MAX test flight, awaits Boeing proposals

FAA says approaching 737 MAX test flight, awaits Boeing proposals

The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but will not commit to a timetable for lifting a flight ban, its top official said.



6 years ago
M&S names Greencore's Eoin Tonge as new finance chief

M&S names Greencore's Eoin Tonge as new finance chief

Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling a void left by the departure of Humphrey Singer at the end of last year.



6 years ago
Futures rise on hopes virus may be over soon; Sprint soars

Futures rise on hopes virus may be over soon; Sprint soars

U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares surged on hopes of favorable ruling for its merger with T-Mobile.



6 years ago
Fintech Varo gets one step closer to becoming an actual bank: 'We see it as a pretty big moat'

Fintech Varo gets one step closer to becoming an actual bank: 'We see it as a pretty big moat'

Mobile-only finance start-up Varo just got its long-awaited regulatory approval to become a full-scale bank.

6 years ago