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Latest News on private equity markets

De Beers banks on 'diamonds are for me'

Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.



5 years ago

FCC to vote to bar Huawei, ZTE from government subsidy program

The U.S. telecommunications regulator plans to vote in November to designate Huawei Technologies and ZTE Corp as national security risks, barring their customers from tapping an $8.5 billion government fund to purchase equipment or services, officials said on Monday.The U.S. telecommunications regulator also plans to propose requiring U.S. rural carriers to remove and replace equipment from designated companies. It also plans at its Nov. 19 meeting to vot



5 years ago

Ford to cut 450 jobs at Canada plant on Flex, Lincoln MKT production halt

Ford Motor Co will cut about 450 jobs at its Oakville assembly plant in Ontario, Canada as the No. 2 U.S. carmaker discontinues production of Ford Flex and Lincoln MKT crossovers, Canada's largest union in the private sector Unifor said https://reut.rs/2pmAPhJ on Monday.



5 years ago

New tuberculosis treatment for developing countries to cost $1,040

A newly approved three-drug treatment for tuberculosis will be available in 150 countries including India and South Africa, priced at $1,040 for a complete regimen, more than twice the cost proposed in the past by advocacy groups for other treatments.



5 years ago

Virgin Galactic CEO says millions of tourists will want to fly to space in the next decade

Virgin Galactic's leadership expects millions of space tourists will fly in the next decade.

5 years ago

LVMH woos Tiffany to tap fast-growing jewellery market

LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market.



5 years ago

Medicare would cover dental and vision if these bills pass Congress

A suite of legislation before Congress would expand coverage through Part B to include dental, vision and hearing. Another measure would allow the government to negotiate prices with drugmakers for Medicare Part D prescription coverage.

5 years ago

Trump administration eases risks for banks on false lending claims

The Trump administration said on Monday it would try to entice banks to offer more mortgages to low-income borrowers by reducing reliance on a Civil War-era law the Obama administration used in the wake of the subprime mortgage crisis to build bad-lending cases against big banks.



5 years ago

Amazon could challenge loss of $10 billion Pentagon cloud deal as early as next week

If Amazon.com decides to fight the Pentagon's decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next week.



5 years ago

S&P 500 hits record on trade optimism, Fed rate-cut expectations

The S&P 500 hit a record high on Monday, while the Nasdaq hovered just below its lifetime high touched in late July, as a more conciliatory tone between the United States and China buoyed hopes for a possible trade deal and investors anticipated a rate cut by the Federal Reserve later this week.



5 years ago

U.S.-China trade hopes boost global stocks; dollar eases

An index of global stock markets climbed to a 21-month high on Monday, boosted by growing hopes for a U.S.-China trade deal and the view that the U.S. Federal Reserve this week will deliver its third interest rate cut for 2019.



5 years ago

U.S. regulator to bar China's Huawei and ZTE from government subsidy program

The U.S. telecommunications regulator plans to vote in November to designate China's Huawei Technologies and ZTE Corp as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services.



5 years ago

Alphabet third-quarter profit misses estimates

Google parent Alphabet Inc missed analysts' estimates for quarterly profit on Monday as it reported its highest-ever quarterly expenses, sending shares down about 1.7% even though revenue growth topped expectations.



5 years ago

Beyond Meat expenses surge as manufacturing ramps up; shares fall

Beyond Meat Inc's expenses more than doubled in the third quarter as the vegan burger maker ramped up manufacturing to meet booming demand for plant-based proteins.



5 years ago

Richard Branson's Virgin Galactic soars before crashing to earth in NYSE debut

Richard Branson-backed Virgin Galactic Holdings Inc fetched a valuation of around $2.3 billion on its market debut on Monday, after shares in the first publicly traded space tourism company popped before fizzling out.



5 years ago