Latest News on private equity markets

Airbus agrees to settle corruption probes with U.S., France, UK

Airbus agrees to settle corruption probes with U.S., France, UK

Airbus has agreed in principle to a settlement with French, British and U.S. authorities over an investigation into allegations of bribery and corruption, it said on Tuesday.



6 years ago
Sainsbury's Coupe says exit not due to failure of Asda deal

Sainsbury's Coupe says exit not due to failure of Asda deal

The boss of British supermarket group Sainsbury's , Mike Coupe, said he was not stepping down in May because of his failure to buy rival Asda last year.



6 years ago
Coronavirus infects Asia stocks with exposure to China

Coronavirus infects Asia stocks with exposure to China

Shares of companies highly exposed to China's economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a new virus outbreak, and even as some stocks involved in preventative health spiked.



6 years ago
Coronavirus outbreak may disrupt Apple's iPhone production ramp up plans: Nikkei

Coronavirus outbreak may disrupt Apple's iPhone production ramp up plans: Nikkei

Apple Inc's plan to ramp up iPhone production by 10% in the first half of this year may hit a roadblock as the coronavirus outbreak spreads across China, the Nikkei Asian Review reported on Tuesday.



6 years ago
At Exxon, CEO's promised turnaround sapped by chemicals, refining

At Exxon, CEO's promised turnaround sapped by chemicals, refining

At Exxon Mobil Corp, CEO Darren Woods' plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining.



6 years ago
Stocks crumble as China virus toll mounts, safe havens in favor

Stocks crumble as China virus toll mounts, safe havens in favor

Asian stocks took a battering on Tuesday as the death toll from a virus in China climbed, leaving investors fretting over the widening economic fallout from the outbreak and lifting bonds on expectations central banks would need to keep stimulus flowing.



6 years ago
Airbus agrees to settle corruption probes with France, Britain, U.S.

Airbus agrees to settle corruption probes with France, Britain, U.S.

European planemaker Airbus SE said on Tuesday that it has agreed to reach a settlement with French, British and U.S. authorities regarding a probe into allegations of bribery and corruption.



6 years ago
Facebook, others restrict business travel to China as warnings grow

Facebook, others restrict business travel to China as warnings grow

Facebook Inc and other global companies including LG Electronics Inc and Standard Chartered Plc are restricting travel to China, as the death toll from a flu-like virus rose above 100 on Tuesday.



6 years ago
'Flash crash' trader sentenced to time served plus a year of home confinement: lawyers

'Flash crash' trader sentenced to time served plus a year of home confinement: lawyers

A Chicago-based U.S. federal district court judge on Tuesday sentenced Navinder Sarao, a London-based trader accused of contributing to Wall Street's 2010 "flash crash", to time already served in jail of four months, with a year of home confinement, Sarao's attorneys said in a statement.



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
Asian shares turn red as Hong Kong tumbles on China virus

Asian shares turn red as Hong Kong tumbles on China virus

Asian shares erased earlier gains on Wednesday, swinging into negative territory as a spike in new Chinese virus cases sent Hong Kong stocks tumbling and fueled fears about the economic impact of the outbreak.



6 years ago