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Latest News on private equity markets

Boeing has settled more than half of Lion Air crash lawsuits: lawyer

Boeing Co has settled or is close to settling around 63 or 64 of some 118 cases related to the crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday.



5 years ago

Fiat Chrysler chairman sees Peugeot deal finalized by year-end

Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalize its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors.



5 years ago

Exclusive: Exxon steps up assets sales with sweeping $25 billion plan - sources

Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.



5 years ago

Saudi Aramco IPO's institutional tranche oversubscribed: source

The institutional tranche of Saudi Aramco's initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters.



5 years ago

What financial advisors, investors could expect from a Charles Schwab-TD Ameritrade merger

The custody arena for registered investment advisors is about to get a lot smaller if Charles Schwab acquires TD Ameritrade. Here's what that might mean for services for financial advisors and their clients.

5 years ago

WeWork to lay off 2,400 employees globally in SoftBank revamp

WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.



5 years ago

Fiat-Peugeot deal would boost Exor's coffers to 3.6 billion euros in 2022

Fiat Chrysler's top shareholder Exor will have a total of 3.6 billion euros ($4 billion) in 2022 to invest once a deal to merge the carmaker with rival Peugeot goes through, Exor's boss John Elkann said.



5 years ago

Xerox threatens to take HP bid hostile

Xerox Corp on Thursday threatened to take its $33.5 billion buyout bid for HP Inc hostile, if the personal computer maker did not agree to a "friendly" discussion before Nov. 25.



5 years ago

Uber says not in talks with Germany's Wirecard

Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen .



5 years ago

Europe voices guarded optimism it has dodged U.S. car tariffs

EU trade chief Cecilia Malmstrom and ministers expressed cautious optimism on Thursday that the threat of U.S. tariffs on imported European cars had passed.



5 years ago

United Auto Workers union to name new president as U.S. corruption probe widens

The United Auto Workers union international executive board will meet to name a new president, the union said on Thursday, a day after the previous president resigned following 17 months in office, but union officials said a date for the meeting had not been set.



5 years ago

Wall Street slips on conflicting headlines on U.S.-China trade

Wall Street's main indexes fell on Thursday after conflicting headlines on U.S.-China trade relations and a row between the world's top two economies over the Hong Kong protest added to doubts whether a deal could be reached by the end of this year.



5 years ago

GM's electric pickup truck to go on sale fall 2021: CEO

General Motors Co's first electric pickup truck model will go on sale in the fall of 2021, the company's top executive said on Thursday, around the same time as electric carmaker Tesla Inc's own model is expected to debut.



5 years ago

Explainer: How would a Schwab-TD Ameritrade deal affect retail investors?

U.S. discount broker Charles Schwab Corp. is in talks to buy rival TD Ameritrade in a $26 billion deal that would create an online brokerage behemoth, according to media reports.



5 years ago

Pot stocks soar as U.S. House committee clears bill on federal weed legalization

Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives.



5 years ago