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Latest News on private equity markets

In win for Uber, Lyft, judge strikes down New York City's cruising cap

A New York state judge on Monday ruled in favor of Uber Technologies Inc and Lyft Inc in a lawsuit against New York City, striking down a new rule limiting how much time drivers for ride-hailing services can spend cruising streets in busy areas of Manhattan without passengers.



5 years ago

Shares inch to new highs on trade hopes; dollar little changed

The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects.



5 years ago

Boeing fires CEO Muilenburg to restore confidence amid 737 crisis

Boeing Co has fired Chief Executive Dennis Muilenburg after repeatedly failing to contain the fallout from a pair of fatal crashes that halted output of its best-selling jetliner and tarnished its reputation with airlines and regulators.



5 years ago

Wall Street posts records amid trade optimism; Boeing juices Dow

Wall Street's main indexes posted record closing highs on Monday after President Donald Trump said an initial U.S.-China trade pact would be signed soon, while Boeing gave the Dow a big boost after the planemaker ousted its chief executive officer.



5 years ago

Here's how the new retirement legislation could fall short

The Secure Act, signed into law days ago by President Trump, aims at boosting access to workplace retirement plans such as 401(k) plans, yet may fall short of expectations.

5 years ago

BMW says being investigated by U.S. SEC

German automaker BMW AG said on Monday it was being investigated by the U.S. Securities and Exchange Commission following a report of a probe related to the company's sales practices.



5 years ago

Spirit Airlines to buy 100 Airbus A320neo family aircraft

U.S. budget carrier Spirit Airlines Inc said on Monday it will buy 100 Airbus A320neo-family jets to be delivered through 2027, with options to purchase up to 50 additional aircraft.



5 years ago

Oil prices inch higher amid support for supply cuts, lower inventory forecast

Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.



5 years ago

New Boeing boss David Calhoun is a tough-minded veteran of crisis

Beleaguered Boeing Co is putting its future in an industrial veteran who has led several companies in crisis, began his career at engine maker General Electric Co and has already spent a decade on the board of the world's largest planemaker.



5 years ago

Asia stocks drift lower as holiday lull counters trade cheer

Asian shares and U.S. stock futures darted in and out of losses on Tuesday, as the holiday lull offset optimism that a U.S.-China trade deal will boost exports and corporate earnings.



5 years ago

ByteDance has no sale plans for TikTok, media report untrue - internal note

Chinese social media firm ByteDance has no plans to sell part or all of its TikTok app, the short video platform's head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to U.S. concerns.



5 years ago

BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources

U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.



5 years ago

Bank of Italy ready to account for Popolare di Bari supervision: Visco to press

Bank of Italy has "positively" accomplished its supervision duties and it is ready to account for its action on failing lender Banca Popolare di Bari, Governor Ignazio Visco told Corriere della Sera daily in an interview published on Monday.



5 years ago

Roche enters $1.15 billion licensing deal for Sarepta gene therapy

Roche entered into a $1.15 billion licensing agreement with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta's investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States.



5 years ago

After Ethiopia crash, victims' relatives say they were hounded by U.S. law firms

Days after the March 10 crash of a Kenya-bound Ethiopian Airlines’ Boeing jet that killed all 157 people on board, strangers began calling or visiting bereaved families, saying they represented U.S. law firms.



5 years ago