Latest News on private equity markets

ADM profit beats estimates on strength in refined products unit

ADM profit beats estimates on strength in refined products unit

Archer Daniels Midland Co's quarterly profit beat estimates on Wednesday, as the U.S. grain trader's refined products unit benefited from strong global demand for both biodiesel and food oils.



6 years ago
FCC to move forward on C-Band auction, may back incentives to shift spectrum: source

FCC to move forward on C-Band auction, may back incentives to shift spectrum: source

The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse "low single-digit billion-dollar" incentive payments to shift existing satellite users, a person familiar with the matter said.



6 years ago
Wells Fargo files for up to $66 billion mixed shelf offering

Wells Fargo files for up to $66 billion mixed shelf offering

Wells Fargo & Co filed a mixed shelf offering of as much as $66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.



6 years ago
Google temporarily shutting down all China offices

Google temporarily shutting down all China offices

Alphabet Inc's Google said on Wednesday it is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country.



6 years ago
Oil falls as virus death toll climbs, U.S. stocks grow

Oil falls as virus death toll climbs, U.S. stocks grow

Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country's major cities, while rising U.S. crude inventories added to the negative tone.



6 years ago
British car production falls at quickest pace since recession

British car production falls at quickest pace since recession

British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.



6 years ago
UPS teams with Arrival and Waymo in electric, self-driving push

UPS teams with Arrival and Waymo in electric, self-driving push

United Parcel Service Inc on Wednesday said it is ordering 10,000 electric delivery trucks from the UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tail pipe pollution.



6 years ago
Newspaper industry loses one of its last big backers in Buffett, who delivered Washington Post as a kid

Newspaper industry loses one of its last big backers in Buffett, who delivered Washington Post as a kid

Berkshire Hathaway is selling 31 newspapers, as Warren Buffett backs away from the industry.

6 years ago
Investors sound out Tesla ahead of earnings report

Investors sound out Tesla ahead of earnings report

Tesla Inc investors compiled a list of questions to the company ahead of the electric carmaker's quarterly earnings report on Wednesday, ranging from requests for updates on the company's insurance policy to complaints about questions asked by analysts.



6 years ago
Tesla beats fourth-quarter revenue estimates

Tesla beats fourth-quarter revenue estimates

Tesla Inc posted fourth-quarter revenue above analysts' estimates on Wednesday as the electric carmaker beat Wall Street estimates for vehicle deliveries.



6 years ago
Fed keeps rates steady, to tailor Treasury bill purchases later this year

Fed keeps rates steady, to tailor Treasury bill purchases later this year

The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any imminent changes in borrowing costs.



6 years ago
Facebook operating margins decline as costs surge, shares fall

Facebook operating margins decline as costs surge, shares fall

Facebook Inc beat analysts' estimates for daily active users on Wednesday, but shares fell as operating margins dropped for the world's largest social network after it ramped up spending to improve content and security across its platforms.



6 years ago
Microsoft beats second-quarter revenue estimates on cloud growth

Microsoft beats second-quarter revenue estimates on cloud growth

Microsoft Corp beat analysts' estimates for quarterly revenue on Wednesday, driven by strength in its cloud computing platform Azure, sending its shares up 2%.



6 years ago
Stocks lose steam in wake of Fed statement

Stocks lose steam in wake of Fed statement

The S&P 500 ended slightly lower on Wednesday, as an initial boost from the likes of Apple, Boeing and General Electric following their quarterly results faded in the wake of a policy announcement from the Federal Reserve.



6 years ago
Mondelez beats revenue estimates on emerging market strength; shares up 3%

Mondelez beats revenue estimates on emerging market strength; shares up 3%

Oreo cookie maker Mondelez International Inc on Wednesday beat quarterly revenue estimates on higher demand for its snacks in emerging markets, sending shares up 3%.



6 years ago