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Latest News on private equity markets

Tesla hit by lawsuit claiming thousands of owners lost battery capacity after software update

A Tesla Inc owner has filed a lawsuit against the electric vehicle maker, claiming the company limited the battery range of older vehicles via a software update to avoid a costly recall to fix what plaintiffs allege are defective batteries.



5 years ago

Pork producers win dismissal of price-fixing lawsuits - U.S. judge

A federal judge on Thursday dismissed antitrust lawsuits accusing several U.S. pork companies of conspiring to limit supply in the $20 billion-a-year market, in order to inflate prices and their own profits at the expense of consumers and other purchasers.



5 years ago

Sarepta says adverse event report for DMD gene therapy erroneously submitted

Sarepta Therapeutics Inc said on Thursday it was informed that an adverse event report was erroneously submitted to the U.S. health regulator regarding an ongoing study of the company's gene therapy for Duchenne muscular dystrophy (DMD).



5 years ago

Tesla owner lawsuit claims software update fraudulently cut battery capacity

A Tesla Inc owner has filed a lawsuit against the electric vehicle maker, claiming the company limited the battery range of older vehicles via a software update to avoid a costly recall to fix what plaintiffs allege are defective batteries.



5 years ago

Uniqlo to close a Seoul store on anti-Japan boycotts: report

Japanese casual clothing chain Uniqlo plans to close a store in central Seoul, hurt by South Korean consumer boycotts amid a mounting dispute between the two countries, the Yomiuri newspaper reported on Friday.



5 years ago

Smart home tech makes inroads into China's emerging elderly care market

Charging elderly clients just 1 yuan or about 15 cents a day, little-known Lanchuang Network Technology Corp has embarked on one of the most ambitious undertakings in aged care by a private sector firm in China.



5 years ago

Trade war escalation nudges U.S. closer to recession: Reuters poll

The recent escalation in the U.S.-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year.



5 years ago

Asia stocks inch up but gains capped by fresh Sino-U.S. trade worries

Asian shares caught the tail of a Wall Street rally on Friday, helped by China's better-than-expected export figures but fresh concerns about Sino-U.S. trade ties are likely to limit gains in the region.



5 years ago

South Korea boycott hitting sales of Japan's Uniqlo, company says

A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo's sales in the country, the company said on Friday, highlighting the widening economic hit from a diplomatic row over Tokyo's wartime role.



5 years ago

Buffett's Berkshire Hathaway has lost almost $5 billion this year on Kraft Heinz's downturn

Buffett's Berkshire Hathaway has lost almost $5 billion this year on its Kraft Heinz stake as the packaged food company's stock continues to fall.

5 years ago

Chase to cancel the debts of certain credit card holders

If you're a Chase credit card account holder in Canada, there's good news: The firm is forgiving balances in that market.

5 years ago

COMAC pushes back C919 jet's China certification target to 2021

Commercial Aircraft Corp of China (COMAC) aims to obtain Chinese certification for its C919 jet in 2021, the company said, marking a delay from a previous timetable for the jet which aims to challenge Airbus SE and Boeing planes.



5 years ago

Commerzbank's targeted rise in 2019 net profit 'ambitious'

Commerzbank on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but the German bank said its target for a slight increase in full-year net profit had become "significantly more ambitious".



5 years ago

Asian stocks turn lower on lingering trade war fears, yuan slips

Shares in Asia fell for an eighth straight session on Wednesday on lingering worries over the escalating U.S.-China trade war, but losses and nerves were soothed somewhat by White House assurances that it wants to press ahead with negotiations.



5 years ago

Two U.S. senators raise privacy concerns over Facebook's Messenger Kids

Democratic U.S. senators Edward Markey and Richard Blumenthal have written to Facebook Inc questioning whether there was a "worrying pattern" of poor privacy protection for children using its Messenger Kids app.



5 years ago