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Latest News on private equity markets

Saudi delivers deeper cuts as OPEC+ oil producers back new pact

By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin



4 years ago

Elon Musk defamation trial goes to jury after plaintiff's lawyer calls him 'billionaire bully'

A federal jury in Los Angeles began deliberating on Friday to decide whether Tesla Inc boss Elon Musk defamed a British cave explorer whose lawyer said the "billionaire bully" should pay at least $190 million for branding his client a "pedo guy" on Twitter.



4 years ago

FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co , alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes.



4 years ago

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve a probe into corruption, including bribing of government officials, over many years in countries including China, Vietnam, and Djibouti, the U.S. Department of Justice said in a statement on Friday.



4 years ago

Tesla boss Elon Musk wins defamation trial over 'pedo guy' tweet

A federal court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



4 years ago

Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



4 years ago

Tesla boss Elon Musk wins defamation trial sparked by 'pedo guy' tweet

Tesla Inc boss Elon Musk gained a stunning legal victory on Friday as a federal court jury swiftly rejected the $190 million defamation claim brought by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



4 years ago

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.



4 years ago

Musk's defamation win may reset legal landscape for social media

Elon Musk's daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with his willingness to defend at a high-stakes trial a lawsuit over an off-the-cuff tweet.



4 years ago

Tesla boss Elon Musk wins defamation trial over his 'pedo guy' tweet

Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter.



4 years ago

Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close

The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war.



4 years ago

Mexico, U.S. discuss 'last issues' in trade pact, faced with new steel demand

Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators were dealing with the "last issues" that remain in the United States-Mexico-Canada Agreement (USMCA) trade deal negotiation.



4 years ago

Mexico official lauds progress on trade deal but says work remains

Mexico's deputy foreign minister for North America, Jesus Seade, said on Friday that negotiators made "good progress" to close the United States-Mexico-Canada Agreement (USMCA) trade deal, but many elements remained to be resolved.



4 years ago

Mexico says 'good progress' on trade deal although work remains

Negotiators working to close a new North American trade deal have made "good progress" but many elements are not yet resolved, Mexico's deputy foreign minister said on Friday.



4 years ago

Trump calls for World Bank to stop loaning to China

U.S. President Donald Trump on Friday called for the World Bank to stop loaning money to China, one day after the institution adopted a lending plan to Beijing over Washington's objections.



4 years ago