Latest News on private equity markets

Oil dives 4% on demand worries even as OPEC, allies extend cuts

Oil prices fell more than 4% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.



2 months ago

U.S. June sales a mixed bag for automakers; SUVs, trucks still strong

Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks while passenger car sales continued a long-running decline.



2 months ago

Tesla delivers record number of electric cars in quarter, shares up 8%

Tesla Inc handily beat Wall Street expectations on Tuesday for vehicle deliveries in the second quarter, sending shares up 8% as the performance tempered concerns about demand for the electric car maker's vehicles.



2 months ago

Arizona cancels incentive for Nike plant after 'terrible decision' to recall sneaker: governor

Arizona's governor on Tuesday withdrew a $1 million incentive for Nike Inc to build a plant in the state after the world's largest sportswear maker canceled release of a sneaker featuring a colonial-era version of the American flag, which critics say reflects links to slavery.



2 months ago

Stocks edge higher as trade enthusiasm wanes

U.S. stocks managed modest gains on Tuesday after holding near the unchanged mark for much of the session as enthusiasm over the U.S.-China trade truce faded after the United States threatened tariffs on additional European goods.



2 months ago

U.N. aviation agency to review global pilot training in shadow of 737 MAX crashes

Global regulators will meet in Montreal next week to review pilot licensing requirements, the U.N.'s aviation agency said, as part of a discussion that has gained urgency following two fatal crashes of Boeing 737 MAX aircraft in the past year.



2 months ago

Tesla delivers record number of electric cars in quarter, shares up 7%

Tesla Inc set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7% after hours on Tuesday.



2 months ago

U.S. judge to slash $80 million Roundup jury verdict: court hearing

A U.S. judge on Tuesday said he would reduce an $80 million damage award against Bayer AG to $50 million or less in the case of a man who blamed his cancer on glyphosate-based weed killer Roundup.



2 months ago

Amazon to add over 2,000 jobs in Britain this year

Amazon will add over 2,000 permanent jobs in Britain this year, taking the U.S. retail giant's UK workforce to more than 29,500, it said on Wednesday.



2 months ago

Asian shares subdued as trade enthusiasm ebbs

Asian shares were subdued on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington's threat of tariffs on additional European goods.



2 months ago

Oil edges up after steep fall; OPEC cuts, stocks draw support

Oil prices edged higher on Wednesday, steadying after a more than 4% fall in the previous session, as extended output cuts by OPEC and its allies helped underpin prices despite growing concerns about weak demand.



2 months ago

Oil prices steady on extended supply cuts, U.S. stocks draw

Oil prices edged higher on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand.



2 months ago

U.S. government staff told treat Huawei as blacklisted: email

A senior U.S. official this week told the Commerce Department's enforcement staff that China's Huawei should still be treated as blacklisted, days after U.S. President Donald Trump sowed confusion with a vow to ease a ban on selling to the firm.



2 months ago

Lee Iacocca, auto executive who saved Chrysler from bankruptcy, dies at 94

Lee Iacocca, the charismatic U.S. auto industry executive who gave America the Ford Mustang and was celebrated for saving Chrysler from going out of business, has died at the age of 94, Fiat Chrysler said.



2 months ago

'I Am Chairman Of Chrysler Corporation Always': 8 facts about Lee Iacocca

* Born Oct. 15, 1924, in Allentown, Pennsylvania, to Italian immigrants, Iacocca went to work for the Ford Motor Co as an engineer after finishing college. Not long afterward, he switched to Ford's marketing and sales side.



2 months ago