Latest News on private equity markets

Facebook, HSBC and others curb travel to China as warnings grow

Facebook, HSBC and others curb travel to China as warnings grow

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



6 years ago
Xerox fourth-quarter revenue falls

Xerox fourth-quarter revenue falls

Xerox Holdings Corp , which is locked in a battle to take over HP Inc , posted a fall in quarterly revenue on Tuesday as more businesses digitized their paperwork, hurting demand for printers and photocopiers.



6 years ago
3M to cut 1,500 jobs, profit falls 28%

3M to cut 1,500 jobs, profit falls 28%

U.S. industrial giant 3M Co reported a 28% fall in quarterly profit on Tuesday due to restructuring and litigation charges and said it would cut 1,500 jobs globally as it looks to reduce costs.



6 years ago
Factbox: Return to Paris - De Meo set to take the wheel at Renault

Factbox: Return to Paris - De Meo set to take the wheel at Renault

Renault's board is expected to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive.



6 years ago
Pfizer posts 9% fall in fourth-quarter revenue

Pfizer posts 9% fall in fourth-quarter revenue

Pfizer Inc reported a 9% drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost patent protection last year.



6 years ago
Oil rout extends to sixth day as China virus death toll rises

Oil rout extends to sixth day as China virus death toll rises

Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears.



6 years ago
Renault poised to name VW manager De Meo as CEO: sources

Renault poised to name VW manager De Meo as CEO: sources

Renault's board is set to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, two sources familiar with the matter said.



6 years ago
Johnson's choice: Britain faces policy test over Huawei 5G role

Johnson's choice: Britain faces policy test over Huawei 5G role

Prime Minister Boris Johnson will decide if China's Huawei should have a role in Britain's future 5G mobile network on Tuesday, a choice that risks damaging relations with the United States or China on the eve of Brexit.



6 years ago
Goldman says staff with mainland China exposure should avoid office

Goldman says staff with mainland China exposure should avoid office

Goldman Sachs has instructed staff who have been in mainland China to work from home or be out of the office for 14 days since they were last there, according to an internal notice.



6 years ago
Renault's board calls meeting to discuss De Meo's CEO appointment: sources

Renault's board calls meeting to discuss De Meo's CEO appointment: sources

Renault's board is set to meet early on Tuesday afternoon to discuss naming Luca de Meo, formerly the head of Volkswagen's Seat brand, as its next chief executive, two sources familiar with the matter said.



6 years ago
Selling abates after virus causes worst day since October

Selling abates after virus causes worst day since October

European markets rebounded early on Tuesday after the previous day's thumping, which saw investors worried about the economic fallout from the coronavirus outbreak in China huddle in safe-haven assets.



6 years ago
Oil steadies after multi-day rout over China virus

Oil steadies after multi-day rout over China virus

Oil futures steadied on Tuesday after five days of declines on concerns a virus outbreak in China could dent demand for oil, with some analysts suggesting the falls may be overdone.



6 years ago
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