Latest News on private equity markets

FCA, France reach tentative agreement on Renault merger: sources

Fiat Chrysler Automobiles NV has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker's board met to consider the bid late on Wednesday.



1 year ago

Explainer: U.S.-China trade war - the levers they can pull

The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.



1 year ago

Boeing's 777X faces engine snags, questions rise over delivery goal: executive

Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.



1 year ago

Explainer: Should Big Tech fear U.S. antitrust enforcers?

The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc's Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.



1 year ago

Exclusive: Wells Fargo board weighs keeping interim CEO in place - sources

Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two sources familiar with the board's thinking.



1 year ago

PG&E in talks with lawmakers on $11 billion fund: Bloomberg

Troubled power utility company PG&E Corp has spoken to lawmakers for arranging about $11 billion fund to settle claims related to wildfires, Bloomberg reported on Wednesday.



1 year ago

U.S. cruise operators stop sailing to Cuba, travelers vent anger online

Major U.S. cruise operators said on Wednesday they will no longer sail to Cuba following the Trump administration's ban on travel to the Caribbean island, angering travelers and prompting worries about trip cancellations and company earnings.



1 year ago

Fiat Chrysler sales chief files whistleblower suit over SEC probe

Fiat Chrysler Automobiles' U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show.



1 year ago

Agriculture Secretary Sonny Perdue Perdue anxious that tariffs may interfere with ratification of USMCA: Bloomberg

U.S. Agriculture Secretary Sonny Perdue said on Wednesday he is hopeful that the United States and Mexico can reach an accord to avoid U.S. tariffs being applied on Mexican goods over immigration.



1 year ago

Boeing's 777X faces engine snags, questions rise over delivery goal

Boeing Co's effort to build the world's largest twin-engined jet, the 777X, continues to be hampered by challenges with General Electric Co's new GE9X turbine engine, a top Boeing executive said on Wednesday.



1 year ago

Warren criticizes Trump's 'dart throwing' Mexico tariff decision

Democratic presidential hopeful Elizabeth Warren on Wednesday criticized U.S. President Donald Trump's decision to impose tariffs on Mexico as "random dart throwing" that lacks a coherent strategy.



1 year ago

Justice Department to review 1941 ASCAP, BMI consent decrees

The U.S. Justice Department said on Wednesday it would review two consent decrees reached with music licensing groups ASCAP and BMI in 1941, a decision that could upend the business of licensing music to online companies, movie companies, commercials, bars and restaurants.



1 year ago

Ex-CEO Whitman says was happy to throw HP predecessor 'under the bus' over Autonomy deal

Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of British software company Autonomy, London's High Court heard on Wednesday.



1 year ago

Fiat Chrysler withdraws merger offer for Renault: WSJ

Fiat Chrysler has withdrawn its merger offer for Renault, the Wall Street Journal reported on Wednesday.



1 year ago

Explainer: How the U.S. Congress could challenge Trump tariffs on Mexico

If President Donald Trump follows through on his threat to impose across-the-board tariffs on Mexican goods entering the United States, the U.S. Congress will likely try to halt the action with legislation that would face formidable hurdles to enactment.



1 year ago