Latest News on private equity markets

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
Explainer: Global airlines on high alert as virus outbreak spreads

Explainer: Global airlines on high alert as virus outbreak spreads

Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.



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
Britain says Huawei alternatives are limited, decision soon: minister

Britain says Huawei alternatives are limited, decision soon: minister

Britain will soon decide what role China's Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday.



6 years ago
Australia's Westpac hires 'Mack the knife' McFarlane to chair crisis-hit bank

Australia's Westpac hires 'Mack the knife' McFarlane to chair crisis-hit bank

Australia's Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country's biggest money-laundering scandal.



6 years ago
Yen jumps and yuan sags on Chinese virus fears

Yen jumps and yuan sags on Chinese virus fears

The Japanese yen strengthened and China's yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.



6 years ago
Britain to United States: We want a trade deal and a digital tax

Britain to United States: We want a trade deal and a digital tax

Britain wants a trade deal with the United States but will impose a digital service tax on the revenue of companies such as Google, Facebook and Amazon, business minister Andrea Leadsom said on Thursday.



6 years ago
Virus fears keep stocks red; ECB gets ready to rethink

Virus fears keep stocks red; ECB gets ready to rethink

World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China.



6 years ago
Southwest quarterly profit falls on mounting 737 MAX costs

Southwest quarterly profit falls on mounting 737 MAX costs

Southwest Airlines Co reported a 21% fall in fourth-quarter profit on Thursday due to Boeing 737 MAX costs and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked well into this year.



6 years ago
Broadcom to supply wireless components to Apple

Broadcom to supply wireless components to Apple

Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.



6 years ago
American, Southwest say demand helping competitors while 737 MAX sits parked

American, Southwest say demand helping competitors while 737 MAX sits parked

Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding.



6 years ago
Dollar up vs euro as ECB holds rates steady, launches review

Dollar up vs euro as ECB holds rates steady, launches review

The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.



6 years ago