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Latest News on private equity markets

Health insurer Anthem profit beats, raises 2019 earnings forecast

Anthem Inc reported a better-than-expected quarterly profit on Wednesday as it benefited from higher sales of its government-backed health plans, prompting the health insurer to raise its full-year profit forecast.



5 years ago

Brewer Heineken tempers profit hopes as Americas slip

Heineken , the world's second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after an unexpected dip in third-quarter sales in the Americas partly offset strong growth in Asia.



5 years ago

SoftBank adds to financial burden with $10 billion WeWork deal

SoftBank Group Corp's financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate's already weakened shares.



5 years ago

Boeing profit slumps 53% as MAX grounding takes heavy toll

Boeing Co reported a 53% drop in quarterly profit on Wednesday, as the world's largest planemaker was hurt by the grounding of its best-selling 737 MAX jets.



5 years ago

Shares sapped by tech problems and Brexit snags

World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares.



5 years ago

Blackstone reports better-than-expected third-quarter earnings

Blackstone Group Inc , the world's largest manager of alternative assets such as private equity and real estate, said on Wednesday that its distributable earnings in the third quarter fell 8% year-on-year, surpassing most analyst estimates.



5 years ago

Eli Lilly misses sales estimates as top-seller Trulicity disappoints

Eli Lilly and Co's quarterly sales missed Wall Street estimates on Wednesday due to a weaker-than-expected performance of its diabetes drug Trulicity because of lower realized prices, sending shares down 3%.



5 years ago

Some U.S. electronics factories start layoffs as trade tariffs hit

U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry survey set for release on Wednesday.



5 years ago

Nasdaq profit beats estimates on strength in data services

U.S. exchange operator Nasdaq Inc beat Wall Street estimates for third-quarter profit on Wednesday, boosted by higher revenue in its units that provide news and other information to traders.



5 years ago

How will Amazon deliver in its second biggest market?

Every half an hour, 50 vans sweep into Amazon's distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each.



5 years ago

Factbox: In Germany, competition heats up between two logistics giants

Amazon is not only a major customer of logistics companies like Deutsche Post DHL, FedEx and UPS. It is a growing rival.



5 years ago

Caterpillar profit falls short on weak demand; cuts earnings outlook

Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday, hit by weak demand in its construction and mining equipment businesses, and the company cut its 2019 profit forecast, sending its shares down 5%.



5 years ago

Goldman Sachs says oil prices are going nowhere next year

International benchmark Brent crude is likely to continue trading at around $60 a barrel next year, Goldman Sachs said on Wednesday.

5 years ago

Snap rises as Wall Street embraces profitability promise

Shares of Snap Inc reversed initial losses following Tuesday's results, rising 4% in early trade as analysts focused on strong third-quarter numbers rather than a disappointing revenue outlook for the final three months of the year.



5 years ago

Caterpillar cuts profit outlook as China sales slump

Industrial bellwether Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China.



5 years ago