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Latest News on private equity markets

J&J blockbuster loses ground to biosimilars despite Quebec court ruling

Johnson & Johnson's Remicade, a blockbuster drug that treats autoimmune disorders, has steadily lost market share among patients enrolled in the Canadian province of Quebec's public drug program, even after a court ruling reinstated full coverage in January, a Reuters analysis of government data shows.



5 years ago

Google Pay to offer checking accounts through Citi, Stanford Federal

Alphabet Inc's Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app, initially in partnership with Citigroup Inc and a small credit union at Stanford University.



5 years ago

Fed's Powell takes old-school view on U.S. borrowing capacity

Federal Reserve Chair Jerome Powell likes to avoid any hint of politics in his public statements, but in a seemingly non-controversial response to a question about U.S. government borrowing on Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy.



5 years ago

Key antitrust lawmaker frustrated with Google's Fitbit deal

Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet's Google , Facebook , Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies' continued acquisitions.



5 years ago

SoftBank's Z Holdings says in merger talks with line

Japanese Internet firm Z Holdings , the SoftBank-owned operator of Yahoo Japan, said on Thursday it was in talks to merge with messaging app operator Line Corp .



5 years ago

Takeaway CEO says does not want to overpay in $5.5 billion Just Eat bid

The chief executive of food ordering company Takeaway.com on Wednesday said he did not want to overpay as his company pursues an agreed merger with Britain's Just Eat , despite a higher unsolicited offer from rival Prosus .



5 years ago

China's Hikvision directors under investigation over disclosures

Chinese surveillance equipment manufacturer Hikvision said regulators were investigating two of its directors for allegedly violating disclosure rules, piling more pressure on a firm which is on a U.S. blacklist.



5 years ago

SoftBank's Yahoo Japan confirms merger talks with Line, shares jump

SoftBank's Yahoo Japan, one of Japan's top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up.



5 years ago

Stocks in cautious ranges ahead of China data, trade talk hopes fade

Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world's second-largest economy.



5 years ago

Reuters poll: Trade truce unlikely in 2020 but U.S. recession fears recede - economists

The U.S.-China trade war is unlikely to see a permanent truce over the coming year, and while concerns have eased over a U.S. recession, an economic rebound is also not expected any time soon, according to a Reuters poll of economists.



5 years ago

Uber launches new safety features in UK as it fights for new license

Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety.



5 years ago

WeWork losses widen to $1.25 billion amid record office space expansion

The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 billion as the money-losing shared-office operator added a record number of desks to its global network but was unable to control rising costs.



5 years ago

Cisco forecast disappoints as global worries weigh on client spending

Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches.



5 years ago

Billionaire Hikvision director named in Chinese disclosure probe

China's securities regulator is investigating one of the country's richest men for alleged violation of disclosure rules as a director of surveillance camera giant Hikvision , the company said.



5 years ago

Asian stocks retreat as China's growth slowdown deepens

Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world's second-largest economy.



5 years ago