Latest News on private equity markets

Diabetes, heart device sales fuel Abbott's revenue beat

Diabetes, heart device sales fuel Abbott's revenue beat

Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, boosted by higher revenue from its diabetes and heart devices.



6 years ago
Daimler profits halve on diesel and restructuring charges

Daimler profits halve on diesel and restructuring charges

Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker.



6 years ago
J&J forecasts weak annual profit, misses revenue estimates

J&J forecasts weak annual profit, misses revenue estimates

Johnson & Johnson on Wednesday forecast full-year profit largely below expectations, after posting a rare miss on quarterly revenue as sales of some of its major drugs fell short of Wall Street expectations.



6 years ago
Exclusive: Eurazeo hires banks for $2.2 billion sale of payments firm Planet - sources

Exclusive: Eurazeo hires banks for $2.2 billion sale of payments firm Planet - sources

European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion), three sources told Reuters.



6 years ago
Oil falls as surplus forecast overshadows Libya disruption

Oil falls as surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya's crude output.



6 years ago
Airbus hits record highs, 737 MAX buyers fall on latest Boeing news

Airbus hits record highs, 737 MAX buyers fall on latest Boeing news

Airbus' shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news.



6 years ago
Jamie Dimon says his one big worry is negative interest rates

Jamie Dimon says his one big worry is negative interest rates

J.P. Morgan Chase CEO Jamie Dimon said that negative interest rates are one of the only things that concern him in a market that's otherwise in a "Goldilocks place."

6 years ago
Oil dips as surplus forecast overshadows Libya disruption

Oil dips as surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya's crude output.



6 years ago
J&J misses revenue estimates as blockbuster drugs disappoint

J&J misses revenue estimates as blockbuster drugs disappoint

Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations.



6 years ago
New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, has dramatically outperformed the S&P 500 year-to-date.

6 years ago
With record profits on Wall Street, small bonuses will annoy bankers: experts

With record profits on Wall Street, small bonuses will annoy bankers: experts

Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of their staff will be underwhelmed by their bonuses.



6 years ago
Insurers look to curb ransomware exposure as U.S. cyber rates rise

Insurers look to curb ransomware exposure as U.S. cyber rates rise

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.



6 years ago
Abbott quarterly profit soars 60%

Abbott quarterly profit soars 60%

Abbott Laboratories Inc reported a 60% rise in fourth-quarter profit on Wednesday, boosted by strong sales of its diabetes and heart devices.



6 years ago
Baker Hughes profit misses estimates as LNG equipment demand wanes

Baker Hughes profit misses estimates as LNG equipment demand wanes

Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.



6 years ago
Daimler warns 2019 profits to halve as problems deepen

Daimler warns 2019 profits to halve as problems deepen

German luxury carmaker Daimler issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry's diesel emissions scandal, heavy investment in electric vehicles and production problems.



6 years ago