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Latest News on private equity markets

Apple mobilizes suppliers to unveil first 5G iPhones: Nikkei

Apple Inc is mobilizing suppliers to launch its first 5G iPhone range, the Nikkei Asian Review said on Wednesday.



4 years ago

Huawei tightens China market hold with 42% share at expense of iPhones: Canalys

Huawei Technologies captured a record 42% of China's smartphone market in the third quarter as local consumers rallied behind it after U.S. sanctions, leaving Apple to languish towards the bottom of the pile, market data showed.



4 years ago

GE posts loss; raises cash forecast, beats on adjusted EPS

General Electric Co posted a $1.3 billion loss in the third quarter on Wednesday, and said revenue was flat as it struggles to restore growth and profits after taking a $22 billion accounting charge a year ago.



4 years ago

Fly Emerson Air: How a U.S. company deploys its seven corporate jets

As Tiger Woods staged his dramatic comeback at Augusta National Golf Club earlier this year, most of Emerson Electric Co's fleet of luxury corporate jets swooped in.



4 years ago

Oil steady as trade concerns vie with drop in inventories

Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices.



4 years ago

Former Exxon chief Rex Tillerson to testify in climate change fraud trial

Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.



4 years ago

Trade and Fed rate worries offset $50 billion M&A deal news, sapping stocks' strength

World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. interest rate cut was offset by reports a Sino-U.S. trade deal may be delayed, but a possible $50 billion merger between Fiat-Chrysler and PSA capped European losses.



4 years ago

U.S. lawmakers will press Boeing CEO on Day 2 of testimony

Boeing Co Chief Executive Dennis Muilenburg will face a second day of questions Wednesday from U.S. lawmakers on its now grounded 737 MAX after sharp criticism at a Senate hearing Tuesday.



4 years ago

Exclusive: J&J's own expert, working for FDA, found asbestos in Baby Powder

Ever since Johnson & Johnson disclosed this month that a government test had turned up asbestos in its Baby Powder, the company has attacked the validity of the result.



4 years ago

General Electric shares jump after earnings beat, company raises 2019 cash flow forecast

General Electric on Wednesday reported earnings and revenue that topped analysts' expectations.

4 years ago

Goldman analyst after GrubHub's 40% plunge: 'We got this wrong'

Goldman Sachs downgraded GrubHub to neutral from buy and slashed its 12-month price target to $30 from $86, after the dismal earnings report.

4 years ago

Stock futures flat as earnings pour in; Fed decision looms

U.S. stock index futures were little changed on Wednesday as investors digested a fresh batch of earnings reports ahead of a widely expected interest rate cut by the Federal Reserve later in the day.



4 years ago

Yum misses profit estimates as GrubHub stake bites; shares fall

Pizza Hut and KFC parent Yum Brands Inc reported quarterly profit below market expectations on Wednesday, hurt by poor performance at GrubHub Inc , the food delivery platform the restaurant operator bought a stake in a year ago.



4 years ago

Apple CEO's handling of trade war has helped buoy shares, investors say

When Apple Inc reports results on Wednesday, Wall Street expects flat fiscal fourth-quarter sales and lower full-year revenue compared with the prior year, mostly because of declining iPhone sales. Yet Apple's stock price has hit all-time highs in recent weeks, as has its price-to-earnings valuation.



4 years ago

Fed and $50 billion auto merger plan temper share price pullback

World shares slipped off 21-month highs on Wednesday as the prospect of a U.S. rate cut was offset by reports a Sino-U.S. trade deal may be delayed, though a possible $50 billion merger between Fiat-Chrysler and PSA capped European losses.



4 years ago