Latest News on private equity markets

Trump announces adjustments to tariff quotas for washing machines

Trump announces adjustments to tariff quotas for washing machines

U.S. President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.



6 years ago
Intel signals 2020 will be a turnaround year for chip industry leader

Intel signals 2020 will be a turnaround year for chip industry leader

Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand.



6 years ago
Westpac economists now see RBA delaying rate cut to April

Westpac economists now see RBA delaying rate cut to April

Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.



6 years ago
U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.



6 years ago
Trump announces adjustments to washer tariff quotas: proclamation

Trump announces adjustments to washer tariff quotas: proclamation

U.S. President Donald Trump announced on Thursday adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.



6 years ago
Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source

Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source

U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.



6 years ago
Boeing reschedules 777X plane's first test flight for Friday

Boeing reschedules 777X plane's first test flight for Friday

Boeing Co said its 777X aircraft's first test flight would take place on Friday after bad weather delayed its scheduled takeoff on Thursday.



6 years ago
Italy tax police search offices of Eni managers in obstruction probe: sources

Italy tax police search offices of Eni managers in obstruction probe: sources

Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.



6 years ago
Intel sees 2020 revenue above estimates as chip demand recovers

Intel sees 2020 revenue above estimates as chip demand recovers

Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry is starting to lift after forecasting full-year revenue and profit above analysts' estimates driven by cloud computing demand.



6 years ago
Insys founder Kapoor sentenced to 66 months in prison for opioid scheme

Insys founder Kapoor sentenced to 66 months in prison for opioid scheme

John Kapoor, the founder of Insys Therapeutics Inc , on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.



6 years ago
JPMorgan board raises CEO Dimon's pay to $31.5 million

JPMorgan board raises CEO Dimon's pay to $31.5 million

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million, the company said in a filing on Thursday.



6 years ago
U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.



6 years ago
Insys founder Kapoor sentenced to 66 months in prison: judge

Insys founder Kapoor sentenced to 66 months in prison: judge

Insys Therapeutics founder John Kapoor was sentenced to 66 months in prison for his role in an opioid fraud scheme by a U.S. district judge in Boston on Thursday.



6 years ago
Intel forecasts 2020 revenue above estimates, shares rise 7%

Intel forecasts 2020 revenue above estimates, shares rise 7%

Intel Corp forecast full-year revenue above analysts' estimates on Thursday after beating fourth-quarter earnings expectations, powered by its closely watched data center and PC chips businesses, sending its shares up nearly 7%.



6 years ago
S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus

S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus

The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.



6 years ago