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Latest News on private equity markets

AT&T explores parting ways with DirecTV unit: Wall Street Journal

AT&T is exploring parting from its DirecTV unit, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.



4 years ago

Parts shortage leads GM to lay off 1,200 temporarily in Canada

The strike against General Motors Co's U.S. operations has led to a parts shortage, the automaker said on Wednesday, and as a result it announced the temporary lay-offs of 1,200 workers at its Oshawa assembly plant in Canada.



4 years ago

Fed cuts interest rates, signals holding pattern for now

The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.



4 years ago

Powell to Trump: Now it's your turn

Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the U.S. central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap.



4 years ago

U.S. bankers seize on repo-market stress to push for softer liquidity rules

Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised.



4 years ago

AT&T, Dish not in talks over DirecTV deal: source

AT&T Inc and Dish Network Corp are not in discussions over a deal due to regulatory issues, a source familiar with the matter said on Wednesday, after the Wall Street Journal reported https://on.wsj.com/2kS2Hbs the wireless carrier was considering parting ways with its satellite TV division DirecTV.



4 years ago

Huawei promises smartest 5G phone, but who will be brave enough to buy?

Huawei [HWT.UL] launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.



4 years ago

Fed makes small changes to control policy rate, hints at more to come

The Federal Reserve on Wednesday made only minor changes to help it better manage its benchmark interest rate after the U.S. central bank briefly lost control of it earlier in the week.



4 years ago

Purdue Pharma seeks to halt opioid suits against company, Sacklers

OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents.



4 years ago

Trump says the Fed should have acted faster but today’s action is fine

President Donald Trump said the Federal Reserve's decision on Wednesday to lower interest rates was "fine" but the central bank should have acted sooner.



4 years ago

Small, midsize businesses are 'much stronger' than large enterprise right now, Tech Data CEO says

"In tech, something is always hot. We can move to where the demand is quickly," Tech Data CEO Rich Hume says.

4 years ago

Asian shares edge higher after Fed, investors await BOJ

Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious.



4 years ago

Airbnb says second-quarter revenue topped $1 billion

Airbnb Inc took in more than $1 billion in revenue for the second quarter of 2019, the second time it exceeded that level in its decade-plus history, the home rentals company said in a statement on Wednesday.



4 years ago

Trump and California go to war over clean cars

U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers.



4 years ago

Asian shares turn lower on guarded Fed, yen rises after BOJ

Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings.



4 years ago