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Latest News on private equity markets

UK Labour Party pledges to regulate pharmaceutical market

Britain's opposition Labour Party leader Jeremy Corbyn pledged on Tuesday to reform the pharmaceutical market to force drug companies to produce generic versions of new medicines and give the state a greater role in research and production.



6 years ago

FCC probes Sprint for subsidies for 885,000 subscribers who did not receive service

The Federal Communications Commission said Tuesday Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers who were not using the service and said its Enforcement Bureau is investigating.



6 years ago

Trump's tweets on the Fed and tariffs also are impacting gold prices

Trump's hectoring of the Fed has led to expectations of inflation, which generally lead to higher inflation that benefits gold.

6 years ago

Huawei CFO fighting U.S. extradition accuses Canada of improper conduct

Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver court on Tuesday as her lawyers argued Canada abused its immigration processes to gather evidence against her, a claim the government says is without an "air of reality."



6 years ago

Saudi Arabia considers doubling stake offered in Aramco IPO: WSJ

Saudi Arabia is considering doubling the stake to be offered in oil giant Saudi Aramco's much awaited initial public offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.



6 years ago

U.S. quarter-end funding costs stay elevated

A key borrowing cost for Wall Street remained elevated on Tuesday near the end of the quarter even after the Federal Reserve injected $30 billion in longer-term cash into the U.S. banking system a week after turmoil in money markets.



6 years ago

Harley-Davidson $1.6 billion investment plan raises earnings concerns

Harley-Davidson Inc said on Tuesday it would invest as much as $1.6 billion over the next four years to turn around its business, raising concerns about its earnings and sending its shares lower.



6 years ago

Smith & Wesson parent fails to win majority support for CEO pay

Smith & Wesson parent American Outdoor Brands Corp failed to win a majority of shareholder support for its executive pay, according to a transcript of the gunmaker's annual meeting held on Tuesday.



6 years ago

Fiat Chrysler manager lied about emissions even after VW scandal broke, indictment charges

A grand jury indicted a senior manager at Fiat Chrysler Automobiles NV on charges he lied to regulators about diesel emissions, alleging the deception continued even after a scandal over cheating on government environmental tests had engulfed rival Volkswagen AG .



6 years ago

Trumps' China trade rhetoric turns harsh at U.N., says won't take 'bad deal'

U.S. President Donald Trump delivered a stinging rebuke to China's trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a "bad deal" in U.S.-China trade negotiations.



6 years ago

S&P 500 hits two-week low on Trump impeachment call, weak consumer data

The S&P 500 and the Nasdaq were set for their worst drops in one month on Tuesday as calls for impeachment of U.S. President Donald Trump gained momentum, while weak consumer confidence data added to worries over the prolonged Sino-U.S. trade war.



6 years ago

WeWork's Neumann gives up control, CEO role following investor revolt

WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank Group Corp and other shareholders turned on him over a plunge in the U.S. office-sharing start-up's estimated valuation.



6 years ago

WeWork bond price bounces in choppy trading after CEO to step down

The price of WeWork's 7.875% junk bond <96208LAA9=> bounced in choppy trading after co-founder Adam Neumann agreed to resign as chief executive of the U.S. office-sharing company, people familiar with the matter told Reuters on Tuesday.



6 years ago

Germany considers 400 million euro loan for Thomas Cook's Condor: sources

The German government and state of Hesse want to jointly support Condor, the German airline owned by insolvent British travel operator Thomas Cook, with a bridging loan of almost 400 million euros ($439.92 million), government sources told Reuters on Tuesday.



6 years ago

Stocks lower as Trump impeachment talk swirls; sterling gains after Brexit ruling

A gauge of global stocks fell on Tuesday as calls for the impeachment of U.S. President Donald Trump grew louder, while the British pound firmed as the UK Supreme Court ruled Prime Minister Boris Johnson's decision to suspend parliament was unlawful.



6 years ago