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Latest News on private equity markets

AbbVie says multiple parties vying for assets related to Allergan deal approval

AbbVie Inc said on Friday it was in talks with several parties interested in buying the two assets it intends to divest for the completion of its $63 billion deal to buy drugmaker Allergan Plc .



4 years ago

U.S., China trade working hard to conclude trade deal: Mnuchin

The United States and China are working hard to conclude a trade deal following directions from their leaders, U.S. Treasury Secretary Steven Mnuchin said on Friday.



4 years ago

Trump wants UK trade deal but concerns remain about EU: U.S.'s Kudlow

U.S. President Donald Trump would like to make a trade deal with Britain but his administration is concerned with European stipulations as the United Kingdom remains mired in Brexit, White House economic adviser Larry Kudlow said on Friday.



4 years ago

Amazon's bid to acquire stake in Indian retailer faces antitrust hurdle: sources

India's antitrust body has sought more information from Amazon.com Inc about its planned acquisition of a stake in India's Future Retail , sources with knowledge of the matter told Reuters, which could potentially delay the deal.



4 years ago

Goldman Sachs says antitrust to heat up in 2020, pressure Facebook, Google shares for 'years'

Republican and Democrat distrust of big tech poses a threat to companies like Google and Facebook, according to Goldman Sachs.

4 years ago

Fosun Tourism to buy Thomas Cook, related hotel brands for $14.3 million

China's Fosun Tourism Group said on Friday it would acquire the Thomas Cook and related hotel brands for 11 million pounds ($14.25 million), in a bid to expand its presence in the tourism business.



4 years ago

Three flight attendant unions voice alarm after 737 MAX hearings

Unions representing flight attendants at the three U.S. airlines that operate Boeing Co's 737 MAX said they are more reluctant to support the grounded jet's return after congressional hearings this week on its development.



4 years ago

China may impose $3.58 billion in annual trade sanctions on U.S.: WTO panel

A World Trade Organization (WTO) panel said on Friday that China could slap compensatory sanctions on U.S. imports worth $3.579 billion annually for the U.S. failure to remove anti-dumping duties, a figure that was roughly half what China had sought.



4 years ago

Exclusive: U.S. opens national security investigation into TikTok - sources

By Greg Roumeliotis, Yingzhi Yang, Echo Wang and Alexandra Alper



4 years ago

AIG's profit misses estimates on life unit review, catastrophe losses

American International Group Inc missed analysts' estimates for third-quarter profit on Friday due to weakness in the insurer's life and retirement unit and a difficult period for catastrophe losses.



4 years ago

Shares, crude prices rise on U.S., China data

World equity markets surged and crude prices rose on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.



4 years ago

Shell appoints new head of downstream business

Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream business, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy.



4 years ago

AbbVie 2019 revenue forecast tops Wall Street estimates while it eyes future Botox sales

AbbVie Inc on Friday forecast 2019 revenue above Wall Street estimates and expressed confidence in future sales of blockbuster wrinkle treatment Botox, which it will acquire with its $63 billion purchase of Allergan Plc .



4 years ago

U.S. October job growth beats expectations despite GM strike

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy.



4 years ago

No talks have taken place on ousting Fed's Powell: White House adviser

A White House official said on Friday no discussions have taken place about ousting U.S. Federal Reserve Chairman Jerome Powell after President Donald Trump expressed disappointment in him and criticized the central bank's latest interest rate cut.



4 years ago