Latest News on private equity markets

Oil falls as China virus cases surpass SARS total

Oil falls as China virus cases surpass SARS total

Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.



6 years ago
Wall St. rattled by China virus worries, mixed earnings

Wall St. rattled by China virus worries, mixed earnings

U.S. stocks edged lower on Thursday, as the coronavirus epidemic fanned fears of a further hit to China's economy, while a mixed batch of earnings from technology firms also weighed on sentiment.



6 years ago
Tesla short sellers lose more than $1 billion in one day as stock skyrockets on earnings

Tesla short sellers lose more than $1 billion in one day as stock skyrockets on earnings

Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.

6 years ago
Verizon shares down on profit miss even as wireless customers added

Verizon shares down on profit miss even as wireless customers added

Verizon Communications Inc shares fell about 1% on Thursday as quarterly profits missed estimates even though the company added more monthly mobile phone subscribers than expected as adding the Disney+ streaming service helped some of its plans.



6 years ago
Exclusive: In break from past, Louis Dreyfus boss is open to selling stake

Exclusive: In break from past, Louis Dreyfus boss is open to selling stake

After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters.



6 years ago
Turnaround costs push Deutsche Bank to $6 billion loss

Turnaround costs push Deutsche Bank to $6 billion loss

Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.



6 years ago
Spirit Aero CFO resigns on accounting irregularity, shares fall 7%

Spirit Aero CFO resigns on accounting irregularity, shares fall 7%

Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis.



6 years ago
U.S. regulators propose simpler restrictions around bank fund investments

U.S. regulators propose simpler restrictions around bank fund investments

U.S. banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled Thursday by the Federal Reserve.



6 years ago
Jaguar-Land Rover parent warns of profit hit from coronavirus outbreak

Jaguar-Land Rover parent warns of profit hit from coronavirus outbreak

The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.



6 years ago
Southwest says disappointed with government audit pointing at safety lapses

Southwest says disappointed with government audit pointing at safety lapses

Southwest Airlines said on Thursday it was disappointed with a government audit that claimed the U.S. carrier failed to prioritize safety by flying millions of passengers on its jets with unconfirmed maintenance records.



6 years ago
Someone hit Powerball's $396.9 million jackpot. Here's what past big winners said they'd do when they won

Someone hit Powerball's $396.9 million jackpot. Here's what past big winners said they'd do when they won

With past recipients of huge jackpots, there are some common themes in how they said they'd spend at least some of their windfall, based on a review of recent winners' stated intentions.

6 years ago
Facebook shares hit by slowest growth in years, higher expenses

Facebook shares hit by slowest growth in years, higher expenses

Shares of Facebook Inc fell 7% on Thursday after the social media giant posted its slowest quarterly growth since its market debut as expenses mount and warned of continued stagnant growth.



6 years ago
Wall St. opens lower as China epidemic raises growth concerns

Wall St. opens lower as China epidemic raises growth concerns

U.S. stock indexes opened lower on Thursday as the coronavirus epidemic fanned concerns of a slowdown in China's economy, while a mixed batch of earnings from technology firms also weighed on sentiment.



6 years ago
Jaguar-Land Rover parent warns of hit to profit from China virus outbreak

Jaguar-Land Rover parent warns of hit to profit from China virus outbreak

The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.



6 years ago
Spirit Aero to restart production of 737 MAX parts

Spirit Aero to restart production of 737 MAX parts

Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing Co's 737 MAX jets and deliver 216 shipsets in 2020.



6 years ago