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Latest News on private equity markets

Airbnb plans public listing in 2020

In a short statement posted on its website on Thursday, Airbnb, which is widely expected to list through a direct listing, did not give any details about how it plans to list its shares.



4 years ago

Banker tells German fraud trial he made millions from 'astronomical' trades

A British investment banker at the center of Germany's biggest fraud trial told judges on Thursday he earned millions of euros from deals involving "astronomical" trades that prosecutors say were a means to make bogus tax reclaims.



4 years ago

Burger King scraps plastic toys in children's meals, launches amnesty

Burger King will stop handing out plastic toys in its children's meals and said on Thursday it was launching an amnesty for customers to return any freebies in a bid to tackle the growing problem of plastic waste.



4 years ago

Light Street's Glen Kacher says there's profitability in sight for Uber and Lyft

Newly public ride-sharing companies Uber and Lyft have tumbled 25% since their initial public offerings, but Light Street's Glen Kacher still believes there's a path for profitability for them.

4 years ago

Microsoft drives S&P 500 near record high

Gains in Microsoft shares pushed the benchmark S&P 500 within striking distance of its record high, a day after the Federal Reserve cut interest rates as expected but played down hopes of further monetary easing.



4 years ago

Huawei hails own apps in Mate 30 challenge to iPhone 11

Huawei [HWT.UL] directly challenged Apple's new iPhone 11 with its new Mate 30 smartphone range on Thursday, highlighting its own apps brand while sidestepping the critical issue of access to Google services.



4 years ago

Walmart chief to chair CEO group Business Roundtable

Walmart Inc Chief Executive Officer Doug McMillon will chair the Business Roundtable, the CEO trade group.



4 years ago

BMW CFO wants to cut 5,000-6,000 jobs by 2022: Manager Magazin

BMW's finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker's Munich headquarters, a German magazine reported on Thursday.



4 years ago

Pimco CEO says the US economy is slowing and will grow just above 1% in the first half of 2020

The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.

4 years ago

SEC's Clayton worries about private markets, negative rates

U.S. Securities and Exchange Commission chair Jay Clayton said on Thursday he was concerned about the growth of private markets and negative interest rates as policymakers try to stimulate growth.



4 years ago

Women make this big mistake when it comes to life insurance

While all parents agree their death would have a huge impact on their family's quality of life, moms get a lower amount of life insurance coverage.

4 years ago

Jim Chanos says he's short kidney dialysis company DaVita

Jim Chanos, founder of Kynikos Associates, revealed Thursday a stock he has been shorting for years: kidney dialysis company DaVita.

4 years ago

France urges Germany to act on economy sooner rather later

Germany should act sooner rather than later to revive its flagging economy, France's finance minister said on Thursday, as he struggled to hide frustration with the pace of Berlin's efforts to engineer a recovery.



4 years ago

India's Eros Now ties up with Microsoft's Azure platform

India's Eros Now said on Thursday it is tying up with Microsoft's Azure cloud platform to host and stream its digital video offerings, in a boost to the U.S. software giant's push to expand in the Indian market.



4 years ago

CO2 goals to complicate PSA, Renault labor talks

Renault and PSA Group face a potential stand-off with French workers worried that an industry drive to meet EU emissions targets will fuel demands for concessions in upcoming labor negotiations.



4 years ago