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Latest News on private equity markets

Tech sector in limbo as UCP freezes investor tax credit program

Calgary Herald | Amanda Stephenson | Aug 2, 2019 Entrepreneurs say a decision by the Kenney government to freeze a tax credit program that helps small businesses access capital could derail the province's technology sector just as it is starting to take off. Entrepreneurs say a decision by the Kenney government to freeze a tax

5 years ago

'Moving fast:' Musk's SpaceX eyes Florida for launch site for Mars rocket

Elon Musk's SpaceX is expanding its facilities in Florida to make room for the space company's forthcoming super heavy-lift launch vehicle dubbed Starship, according to a draft of the plans seen by Reuters on Friday.



5 years ago

Apple Card will not allow purchase of cryptocurrencies

The Apple Inc credit card being launched with Goldman Sachs Group Inc will not allow the purchase of cryptocurrencies with the card, according to a customer agreement posted to Goldman's website on Friday.



5 years ago

Exxon Mobil profit sinks, Chevron rises as both boost output

Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp and Chevron Corp , the two reported on Friday.



5 years ago

Trump instructed top aide to call China to warn more tariffs were coming: sources

As a tense meeting with top advisers on China trade talks ended, President Donald Trump turned to trade adviser Robert Lighthizer and told him to call China to warn that new tariffs were coming, two people familiar with the matter said on Friday.



5 years ago

S&P 500, Nasdaq close out worst week since December on trade worries

Wall Street extended its sell-off on Friday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming recession.



5 years ago

Exxon's U.S. refineries suffer greater outages in second quarter over year ago, data shows

Exxon Mobil Corp 's U.S. second-quarter refining profits bounced back from a loss earlier this year but remain below past levels in part because of a wave of production outages, according to an examination of data from Reuters and energy industry intelligence service Genscape.



5 years ago

Stocks, yields tumble as trade frictions unnerve traders

A measure of stocks across the globe posted on Friday its largest weekly loss of the year while yields in U.S. and German debt were near or at multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.



5 years ago

First U.S. FAA-approved 'beyond-line-of-sight' drone flight completed

The U.S. Federal Aviation Administration said on Friday it had approved the first drone flight beyond the operator's sight line, a major advance for retailers like Amazon.com Inc seeking to speed up deliveries by drone.



5 years ago

Disney report to shine spotlight on streaming war

Quarterly reports next week from Walt Disney Co , CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has outperformed since it was overhauled last year.



5 years ago

Democratic senator warns of Trump involvement in Pentagon contract

U.S. Senator Mark Warner on Friday raised concerns over the Pentagon's decision to put on hold a $10 billion cloud computing contract after President Donald Trump said his administration was examining Amazon.com Inc's bid following complaints from other tech companies.



5 years ago

Nissan wants Renault to reduce its 43.4% stake in company: WSJ

Top executives at Nissan Motor Co and Renault SA are trying to reach a deal to reshape their global alliance, in hopes to revive Renault's merger talks with Fiat Chrysler Automobiles NV , the Wall Street Journal reported on Friday, citing emails and people briefed on the discussions.



5 years ago

Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ

Carmakers Nissan Motor Co and Renault SA are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault's merger talks with Italy's Fiat Chrysler Automobiles NV , the Wall Street Journal reported on Friday, citing emails and people briefed on the talks.



5 years ago

JPMorgan in pole position to lead WeWork IPO after debt offering: sources

WeWork owner The We Company has tapped JPMorgan Chase & Co to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said.



5 years ago

Oil drops 2% on Fed outlook, ample supply

Oil dropped more than 2% on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes that a string of interest rate cuts would be in the offing and as record U.S. output helped keep the market well supplied.



5 years ago