Latest News on private equity markets

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.



18 hours ago

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.



18 hours ago

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.



18 hours ago

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.



18 hours ago

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.



18 hours ago

McDonald's heats up breakfast war with new chicken sandwiches

McDonald's Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world's largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen .



18 hours ago

Pfizer profit misses as breast cancer drug sales fall short of estimates

Pfizer Inc posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of expectations.



18 hours ago

UK grants Huawei a limited 5G role

Prime Minister Boris Johnson on Tuesday granted China's Huawei a limited role in Britain's future 5G mobile network, a choice that risks damaging relations with the United States which fears China could use the company to steal Western secrets.



18 hours ago

Reaction to UK allowing Huawei a role in 5G network

Britain will allow "high risk vendors" like Chinese telecoms giant Huawei [HWT.UL] a limited role in building its 5G networks, the government said on Tuesday.



18 hours ago

Lockheed Martin quarterly profit rises 19.6%

Lockheed Martin Corp , Pentagon's No.1 weapons supplier, reported a 19.6% rise in quarterly profit on Tuesday, helped by increased demand for its F-35 combat jets.



18 hours ago

iPod inventor, Thiel Capital among backers of battery company Advano in new funding

Battery company Advano, which is backed by iPod inventor and Nest founder Tony Fadell, announces $18.5 million in series A funding.

18 hours ago

Airbus agrees to settle corruption probes with France, UK, U.S.

Airbus faces billions of dollars of fines after agreeing in principle to a settlement with French, British and U.S. authorities following a crippling three-year investigation into allegations of bribery and corruption.



18 hours ago

3M forecast 2020 profit below estimates on weak Asia demand

U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it faces sluggish demand in Asia, its largest market outside the United States, sending its shares down 2.4%.



18 hours ago

Services in spotlight after Apple stock market value hits $1.4 trillion

When Apple Inc posts quarterly results on Tuesday, investors will be looking for fresh evidence the iPhone maker should be treated as a producer of high-margin, subscription services after its stock market value touched $1.4 trillion and its earnings multiple trades at decade highs.



18 hours ago

Harley-Davidson's shares tumble on steeper fall in revenues

Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue, hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade.



18 hours ago