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Latest News on private equity markets

China data supports stocks as U.S. earnings season begins

A gauge of global stocks edged higher on Monday after economic data from China came in as expected, although stocks on Wall Street slipped as financials showed some weakness in the wake of Citigroup's earnings report.



4 years ago

Amazon rivals ride on Prime Day marketing as protests unfold

Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales.



4 years ago

Oil prices fall on fading storm impact, Chinese economic data

Oil prices edged lower on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook.



4 years ago

Symantec ends talks to sell to Broadcom over price: sources

Cybersecurity company Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom Inc over price disagreements, people familiar with the matter said on Monday.



4 years ago

Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China - sources

Canada is likely to postpone a decision on whether to allow China's Huawei Technologies Co Ltd to supply 5G network equipment until after the October federal election, given increasingly strained relations with Beijing, say three well-placed sources.



4 years ago

Mnuchin: US has 'very serious concerns' that Facebook's Libra could be misused by terrorists

Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.

4 years ago

S&P trades near flat as Citigroup results weigh on bank stocks

The benchmark S&P 500 index struggled for direction in choppy trade on Monday as earnings season began in earnest with a mixed quarterly report from Citigroup Inc .



4 years ago

Oil prices down on dwindling storm impact, Chinese economic data

Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook.



4 years ago

Opioid 'kingpin' J&J fueled epidemic, Oklahoma argues at trial's end

Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S. opioid epidemic in the first trial to result from lawsuits over the crisis.



4 years ago

U.S., Chinese officials to discuss trade in phone call this week: Mnuchin

U.S. Treasury Secretary Steven Mnuchin on Monday told reporters he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.



4 years ago

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly report.



4 years ago

U.S. judge slashes Roundup jury award to $25.3 million from $80.3 million

A federal judge on Monday slashed a damages award that Bayer AG owed a California man who blamed Roundup weed killer for his cancer to $25.27 million from $80.27 million, saying the punitive damages component was too high.



4 years ago

Facebook vows Libra currency will wait for approval as U.S. airs worries

Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity.



4 years ago

China data steadies stocks as U.S. earnings get underway

A gauge of global stocks rose modestly on Monday after economic data from China came in as expected, but equities on Wall Street slipped on weakness in financials in the wake of Citigroup's earnings report.



4 years ago

U.S. judge slashes Roundup jury award to $25.3 million; Bayer still plans to appeal

A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company's bid for a new trial.



4 years ago