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Latest News on private equity markets

Trump's blacklist derails Goldman's plan to take a Chinese AI company public

President Donald Trump's move to blacklist Chinese tech companies is threatening to derail what could be the first Chinese artificial intelligence firm to go public.

5 years ago

Consumer Reports calls Tesla automated parking 'glitchy'

Tesla Inc's Smart Summon automated parking system is "glitchy" and only works intermittently, influential U.S. magazine Consumer Reports has said, adding to recent questions about the app-based feature.



5 years ago

Ginkgo Bioworks raises $350 million fund for biotech spinouts

Biotechnology start-up Ginkgo Bioworks said on Wednesday that it had raised a $350 million fund to more easily invest in spinout ventures that use its bio-engineering technology in a variety of industries that are just starting to use cutting edge biology.



5 years ago

Renault management shake-up on the cards: source

A senior management shake-up at Renault is on the cards, a source close to the French government, a major shareholder in the carmaker, said on Wednesday after a newspaper reported that CEO Thierry Bollore was set to be replaced.



5 years ago

Vodafone to close more than 1,000 stores

Vodafone will shut 15% of its 7,700 stores and upgrade some of the remaining outlets as customers buy more online and change their expectations of in-store shopping, chief executive Nick Read said on Tuesday.



5 years ago

Tech stocks boost Wall Street as reports bolster hopes of trade deal

A rally in technology stocks boosted Wall Street on Wednesday, as investors cheered media reports signaling an ease in trade tensions between the United States and China ahead of high-level talks starting Thursday.



5 years ago

Facebook CEO to testify before house panel on October 23

Facebook chief executive Mark Zuckerberg will testify before the U.S. House Financial Services Committee on Oct. 23 as the company faces growing scrutiny from U.S. lawmakers.



5 years ago

Wearable device Fitbit to shift production out of China from January

Fitbit Inc will manufacture all its trackers and smart watches outside China from January, the wearable device maker said on Wednesday, the latest U.S. company looking to insulate itself from tariffs.



5 years ago

The future of fintech: lending + services

Andreessen Horowitz | Anish Acharya In 2006, LendingClub introduced a then-novel business model: the ability to offer online personal loans to millions of underserved customers. The peer-to-peer lender was a media and investor darling, hailed as a tech-enabled alternative to traditional banks. When LendingClub went public in 2014, it was valued at $8.5 billion, the

5 years ago

Wall Street gets tech boost as reports bolster hopes of trade deal

Wall Street rose on Wednesday on the back of gains in technology stocks, as investor sentiment was boosted by reports indicating an ease in trade tensions between the United States and China ahead of pivotal talks on Thursday.



5 years ago

Hungary's MOL in talks for Chevron's $2 billion stake in giant Azeri oilfield: sources

Hungarian energy firm MOL is in talks to acquire Chevron's stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process.



5 years ago

Stocks edge up on trade truce bets; oil, lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.



5 years ago

'I can't afford retirement' is the main reason seniors say they continue to work

Sticking around the office well into your 60s could help you strengthen your finances and manage the cost of insurance. Here are the benefits of staying at the workplace a little longer.

5 years ago

Halliburton cuts 178 employees in Colorado: filing

Top U.S. hydraulic fracturing provider Halliburton this week said it would cut 178 employees in Colorado, according to a state filing.



5 years ago

Oil rises on signs of warming U.S.-China tensions, military action in Syria

Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.



5 years ago