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Latest News on private equity markets

Caterpillar lays off 120 workers as trade war hits sales

Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to cut production in the wake of a fall in sales due to U.S. President Donald Trump's trade war with China.



5 years ago

Comcast launches tools to improve ad targeting on TV

Comcast Corp on Monday launched new advertising capabilities to help advertisers find and target certain television viewers, as the largest U.S. cable TV provider tries to lure ad dollars away from digital rivals.



5 years ago

China pushing Trump to remove more tariffs ahead of trade deal: Politico

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported https://politi.co/2pG6B9M on Monday, citing three people familiar with internal discussions.



5 years ago

Uber misses on riders, beats revenue estimates as lockup expiry looms

Uber Technologies Inc on Monday missed Wall Street estimates for monthly active users for its ride-hailing platform, even as it posted better-than-expected quarterly revenue, sending shares down 5% in extended trading.



5 years ago

U.S. urged to invest more in AI; ex-Google CEO warns of China's progress

U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, a government-commissioned panel led by Google's former CEO said in an interim report on Monday.



5 years ago

SoftBank to tighten governance at start-ups after WeWork debacle

SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO, the Financial Times reported on Monday, citing people briefed on the plan.



5 years ago

U.S. House Democrats to continue probe after Boeing testimony

The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that it will continue its investigation into two fatal 737 MAX crashes after Boeing's testimony prompted new questions.



5 years ago

Uber posts wider quarterly loss as costs rise, shares drop nearly 7%

Uber Technologies Inc on Monday posted a wider third-quarter loss as costs at the ride-hailing company soared, sending shares down 6.7% in after-hours trading.



5 years ago

SAP to return 1.5 billion euros to shareholders in 2020

German business software group SAP said on Monday it would return an extra 1.5 billion euros ($1.7 billion) to shareholders in 2020, with the enhanced payout made possible by its strong financial and operational performance.



5 years ago

Uber's quarterly loss widens as costs rise; shares fall sharply

Uber Technologies Inc on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company, sending shares down 4.4% in after-hours trading.



5 years ago

SoftBank to tighten governance at start-ups after WeWork debacle: FT

SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO, the Financial Times reported on Monday, citing people briefed on the plan.



5 years ago

Asian shares rally on U.S.-China trade deal hopes

Asian shares closed in on their July peak on Tuesday on increasing signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is well poised for solid, consumer-driven growth.



5 years ago

China pushing Trump to remove more tariffs ahead of trade deal: media

China is pushing U.S. President Donald Trump to remove more tariffs imposed in September ahead of the signing of the U.S.-China trade deal, Politico reported on Monday, citing three people familiar with internal discussions.



5 years ago

U.S. considers dropping some tariffs on China: FT

Trump administration officials are debating whether to remove some existing tariffs on Chinese goods as a concession to seal a partial deal, the Financial Times reported on Monday.



5 years ago

Oil edges lower amid doubts over OPEC cuts

Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.



5 years ago