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Latest News on private equity markets

Opioid litigation talks can 'get a long way' to deal: lawyer

Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion dollar deal to resolve the sprawling litigation over the U.S. opioid epidemic, a plaintiffs' lawyer said Friday.



4 years ago

Oracle co-CEO Mark Hurd passes away

Oracle Corp co-Chief Executive Officer Mark Hurd passed away on Friday, the business software maker said.



4 years ago

In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave

With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese.



4 years ago

Dollar weakens on Brexit, shares sapped by weaker China growth

The dollar headed for its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities.



4 years ago

Global trade uncertainty a reason to ratify USMCA: Mexican minister

Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.



4 years ago

Opioids settlement could be near, lawyer for local governments says

Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion-dollar deal to resolve the sprawling litigation over the U.S. opioid epidemic, a plaintiffs' lawyer said on Friday.



4 years ago

Wall Street pressured by J&J, Boeing; growth worries linger

Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China.



4 years ago

Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX: sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, according to documents seen by Reuters.



4 years ago

Troubles keep mounting for Fisher Investments as losses in pension assets hit $1.3 billion

The Iowa Public Employees Retirement System is ending its relationship with Fisher Investments, pulling $386 million from the firm. This marks the fourth public pension to drop the mjoney manager following founder Ken Fisher's off-color comments at a conference.

4 years ago

These are the changes and challenges keeping top advisors up at night

No financial advisor worth his or her salt claims to have a crystal ball. Still, experience and expertise qualifies them to make some predictions about industry trends. CNBC asked advisors ranked in the 2019 FA 100 list what challenges or changes they foresee for the business.

4 years ago

'Panama Papers' law firm sues Netflix over film based on scandal

Mossack Fonseca, a Panamanian law firm at the center of the "Panama Papers" scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film's release.



4 years ago

Nestle posts slightly slower sales growth, revamps waters business

Food group Nestle announced a new share buyback program of up to 20 billion Swiss francs ($20.13 billion) and changes to its waters business on Thursday after organic sales growth slowed slightly to 3.7% in the third quarter, from 3.9% in the previous quarter.



4 years ago

Qatar Airways says may convert orders for Boeing 777-8 jet to 777-9

Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9.



4 years ago

Ericsson third-quarter core profit tops forecast, lifts 2020 sales target

Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market and currency effects.



4 years ago

As 'Cannabis 2.0' kicks off in Canada, industry strangled by limited retail outlets

A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride.



4 years ago