Latest News on private equity markets

T-Mobile beats quarterly estimates as Sprint merger decision looms

T-Mobile beats quarterly estimates as Sprint merger decision looms

T-Mobile US Inc beat analysts' estimates for quarterly revenue and profit on Thursday, as the wireless carrier added more mobile phone subscribers to its monthly plans, some of which come bundled with a Netflix Inc service.



6 years ago
Uber increases quarterly revenue but food delivery costs eat profit

Uber increases quarterly revenue but food delivery costs eat profit

Uber Technologies Inc drew more customers to its ride-hailing and food delivery business in a boost to its fourth-quarter revenue, but high costs at Uber Eats meant Uber continues to lose money as it tries to outspend competitors.



6 years ago
Juul raises $700 million in debt from investors: source

Juul raises $700 million in debt from investors: source

Juul Labs Inc has raised more than $700 million in convertible debt from investors to fund its operations, a source familiar with the matter told Reuters, as the e-cigarette maker battles growing regulatory scrutiny on vaping.



6 years ago
Intercontinental Exchange abandons deal talks with eBay

Intercontinental Exchange abandons deal talks with eBay

New York Stock Exchange owner Intercontinental Exchange Inc (ICE) said it had decided to stop exploring deal options with eBay Inc , just hours after its chief executive said he would "love" to speak with the e-commerce company.



6 years ago
Hedge fund Elliott Management builds stake in SoftBank: sources

Hedge fund Elliott Management builds stake in SoftBank: sources

Hedge fund Elliott Management Corp, one of the world's most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese conglomerate's value, people familiar with the matter said on Thursday.



6 years ago
Uber sees profit by end of 2020, but still expects full-year loss

Uber sees profit by end of 2020, but still expects full-year loss

Uber Technologies Inc on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year.



6 years ago
Uber sees profit by end of 2020, ahead of previous target

Uber sees profit by end of 2020, ahead of previous target

Uber Technologies Inc on Thursday moved forward by a year its target to achieve profitability on an adjusted basis to the fourth quarter of 2020, sending its shares up 5% in after-hours trading.



6 years ago
Aurora Cannabis CEO steps down, company cuts 500 jobs

Aurora Cannabis CEO steps down, company cuts 500 jobs

Aurora Cannabis co-founder and Chief Executive Terry Booth will retire and step down from the marijuana producer, with Executive Chairman Michael Singer becoming interim CEO, the company said in a statement on Thursday.



6 years ago
BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Signs CAD~$715,000 Contract with United States Federal Government Agency

BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Signs CAD~$715,000 Contract with United States Federal Government Agency

BIGG Digital Assets | Release | Feb 4, 2020 VANCOUVER, February 4, 2019 – BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has signed a 5-year

6 years ago
Toyota to make more pickup trucks at Mexican plant in shift from U.S.

Toyota to make more pickup trucks at Mexican plant in shift from U.S.

Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift production of its popular mid-size Tacoma pickup truck to Mexico from the United States, the company said on Thursday.



6 years ago
Do you want to save on your 2019 taxes? Then grab these last-minute opportunities

Do you want to save on your 2019 taxes? Then grab these last-minute opportunities

We're in the early weeks of tax season, but if you're willing to do a little legwork, you can still trim your 2019 tax bill. Here's where to look.

6 years ago
Fed includes 'heightened stress' in leveraged loans in 2020 bank stress tests

Fed includes 'heightened stress' in leveraged loans in 2020 bank stress tests

Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes "heightened stress" in leveraged loans, the Federal Reserve announced on Thursday.



6 years ago
UK: Open Finance: The FCA Consults On How To Transform The Financial Services Market

UK: Open Finance: The FCA Consults On How To Transform The Financial Services Market

Hogan Lovells | James Black and Neelam Hundal | Jan 22, 2020 The UK Financial Conduct Authority (FCA) is consulting on the opportunities and risks presented by open finance, building on the progress and success of open banking. The consultation is relevant not only to banks and payment institutions, but to a very broad cross-section

6 years ago
Exclusive: Goldman Sachs to raise $8 billion for new buyout fund - sources

Exclusive: Goldman Sachs to raise $8 billion for new buyout fund - sources

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter.



6 years ago
Trump, Xi reaffirm backing for Phase 1 of U.S.-China trade deal

Trump, Xi reaffirm backing for Phase 1 of U.S.-China trade deal

U.S. President Donald Trump expressed confidence in China's strength and resilience in confronting its coronavirus outbreak during a conversation with President Xi Jinping on Thursday, a White House spokesman said.



6 years ago