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Latest News on private equity markets

OPEC, Russia debate deeper oil cuts as new glut looms

Russia expects a constructive meeting with OPEC producers this week, its energy minister said on Tuesday, as OPEC leader Saudi Arabia presses members and allies such as Russia to deepen output cuts to avoid a new glut next year.



5 years ago

Elon Musk on trial in U.S. for defamation over 'pedo guy' tweet

Tesla Inc boss Elon Musk went on trial on Tuesday for alleged defamation in appearing to describe a British diver who helped rescue a group of boys from a flooded Thailand cave as a pedophile on Twitter.



5 years ago

Wall Street falls for third straight day as trade hopes dim

Wall Street set course for its third consecutive sell-off on Tuesday as investor optimism over a potential near-term respite from the U.S.-China trade war evaporated following commentary from President Donald Trump and Commerce Secretary Wilbur Ross.



5 years ago

Amazon partners with Verizon on 5G in cloud computing expansion

Amazon.com Inc on Tuesday said it was extending its cloud to 5G networks in partnership with Verizon Communications Inc, so developers can run latency-sensitive programs on mobile and connected devices.



5 years ago

Amazon designs more powerful data center chip

Amazon.com Inc said on Tuesday it had designed a more powerful data center processor chip, as it looks to pose a serious challenge to the domination of market leaders Intel Corp and Advanced Micro Devices Inc .



5 years ago

How these multimillionaires are avoiding a 40% tax hit

If you're trying to avoid the 40% gift and estate tax, it might make sense to think about giving some of those assets away. What you need to know.

5 years ago

France's Safran and Germany's MTU to work on new fighter engine

France's Safran and MTU Aero Engines of Germany have agreed to develop together a jet engine for a Franco-German fighter, removing a key obstacle to one of Europe's flagship defence projects.



5 years ago

Xiaomi, Oppo to use Qualcomm's newest mobile phone chips

Two fast-growing Chinese phone brands said on Tuesday that they will adopt Qualcomm Inc's newest 5G chip in their flagship devices early next year.



5 years ago

Elon Musk arrives at Los Angeles courthouse in defamation trial over 'pedo guy' tweet

Billionaire Tesla Inc boss Elon Musk went on trial on Tuesday in a defamation lawsuit brought by a British man who accuses Musk of falsely branding him a pedophile in a Twitter message last year.



5 years ago

Institutional investors have subscribed for 6.3 billion shares for Aramco IPO so far: lead bank

Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Tuesday.



5 years ago

BMO restructuring charge to lead to hundreds of job losses

CBC | BMO Release | Dec 3, 2019 BMO says restructuring charge to affect about 5% of global workforce, without offering specifics The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of its global workforce.

5 years ago

Workday third-quarter profit, revenue beat; shares rise

Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software.



5 years ago

Wall Street falls as trade hopes wane

U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war.



5 years ago

Former Bumble Bee tuna CEO found guilty of price fixing

The former chief executive of Bumble Bee Foods LLC, Chris Lischewski, was found guilty of price-fixing on Tuesday, a court filing showed.



5 years ago

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.



5 years ago