Latest News on private equity markets

Pfizer profit misses estimates as revenue falls; plans no 2020 share repurchases

Pfizer profit misses estimates as revenue falls; plans no 2020 share repurchases

Pfizer Inc on Tuesday reported quarterly profit that fell short of Wall Street expectations for the first time in at least two years, and the drugmaker said it will no longer rely on share repurchases to help drive growth.



6 years ago
Starbucks plans to launch plant-based breakfast sandwich this year

Starbucks plans to launch plant-based breakfast sandwich this year

Starbucks Corp said on Tuesday it would introduce a breakfast sandwich this year with a plant-based patty in the United States and Canada.



6 years ago
Apple's iPhone back to growth as company braces for coronavirus impact

Apple's iPhone back to growth as company braces for coronavirus impact

The iPhone is back. But Apple is girding for more disruptions in virus-hit China.



6 years ago
EBay forecast disappoints amid competition from Amazon, Walmart

EBay forecast disappoints amid competition from Amazon, Walmart

EBay Inc forecast first-quarter revenue below analysts' estimates on Tuesday, as the e-commerce company faces fierce competition from Amazon.com Inc and Walmart Inc .



6 years ago
EBay forecasts first-quarter revenue below estimates, shares fall

EBay forecasts first-quarter revenue below estimates, shares fall

EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.



6 years ago
AMD revenue forecast disappoints on weak console demand

AMD revenue forecast disappoints on weak console demand

Advanced Micro Devices Inc forecast current-quarter revenue below analysts' estimates on Tuesday, as demand wanes from console makers ahead of new launches.



6 years ago
U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says

U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says

The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.



6 years ago
Starbucks sees hit as coronavirus prompts over 2,000 China store closures

Starbucks sees hit as coronavirus prompts over 2,000 China store closures

Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.



6 years ago
J.Crew Group appoints former Victoria's Secret executive as CEO

J.Crew Group appoints former Victoria's Secret executive as CEO

J.Crew Group Inc on Tuesday appointed former Victoria's Secret executive Jan Singer as chief executive officer, effective Feb. 2.



6 years ago
Airlines cut China flights as companies restrict travel on virus fears

Airlines cut China flights as companies restrict travel on virus fears

Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.



6 years ago
Apple iPhone back to growth after a year's slump; China virus adds uncertainty

Apple iPhone back to growth after a year's slump; China virus adds uncertainty

Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.



6 years ago
Airbus faces record $4 billion fine after bribery probe

Airbus faces record $4 billion fine after bribery probe

Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.



6 years ago
Blink and you miss it: The U.S. yield curve inverts again

Blink and you miss it: The U.S. yield curve inverts again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.



6 years ago
Facebook VP of engineering Jay Parikh says leaving company

Facebook VP of engineering Jay Parikh says leaving company

Facebook's vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.



6 years ago
Blink and you missed it: the U.S. yield curve inverted again

Blink and you missed it: the U.S. yield curve inverted again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.



6 years ago