Latest News on private equity markets

J.C. Penney's loss smaller than expected, shares soar 13%

J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.



2 days ago

Here are the biggest analyst calls of the day: Qualcomm, Nvidia, Apple & more

Here are the biggest calls on Wall Street on Friday

2 days ago

Oil prices little changed amid concerns about rising supplies

Oil prices fluctuated around flat on Friday as investors weighed concerns about rising supplies next year and signs of progress toward ending the U.S.-Chinese trade row.



2 days ago

J.C. Penney posts smaller loss under CEO Soltau, shares rise

J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.



2 days ago

Trade optimism, earnings power Wall Street to fresh record high

Wall Street's main indexes hit fresh record highs on Friday, led by gains in technology stocks as upbeat comments related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.



2 days ago

U.S. retail sales rebound; manufacturing output tumbles

U.S. retail sales rebounded in October, but consumers cut back on purchases of big-ticket household items and clothing, which could temper expectations for a strong holiday shopping season.



2 days ago

Qantas completes 'double sunrise' test flight from London to Sydney, aircraft order could follow

Qantas Airways Ltd could place an order for planes capable of ultra long-haul flights early next year, the airline's chief executive said after he completed a 19 hour, 19 minute non-stop test flight from London to Sydney on Friday.



2 days ago

Volkswagen says it has no plans to cooperate with Tesla

Volkswagen Chief Executive Herbert Diess on Friday said the German carmaker has no plans to cooperate with start-up electric carmaker Tesla .



2 days ago

T. Rowe, Fidelity get green light to launch special funds allowing them to join the ETF boom

Asset managers including T. Rowe Price, Natixis and Fidelity have won the preliminary regulatory approval to launch non-transparent ETFs.

2 days ago

Timeline: Amazon challenges Pentagon awarding $10 billion cloud deal to Microsoft

Amazon.com Inc said on Thursday it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process.



2 days ago

Mexican president welcomes Pelosi remarks on North American trade deal approval

Mexico's president Andres Manuel Lopez Obrador on Friday welcomed remarks by U.S. House Speaker Nancy Pelosi that U.S. legislators were making progress in the ratification of the United States-Mexico-Canada Agreement (USMCA) trade deal.



2 days ago

Trade optimism, earnings power Wall Street to another record high

Wall Street's main indexes hit fresh record highs on Friday, as optimism related to U.S.-China trade talks and solid earnings from semiconductor industry bellwether Applied Materials brightened sentiment.



2 days ago

Citi names Manuel Romo CEO of Mexican unit

Manuel Romo has been appointed Chief Executive of Citigroup's Mexican operation Citibanamex with immediate effect, the Mexican unit said in a statement on Friday.



2 days ago

BMW executive Markus Duesmann tasked with reviving Audi

Volkswagen on Friday installed former BMW executive Markus Duesmann to reinvent Audi after the German premium brand lost key engineering know-how and influence in the wake of the 2015 diesel-cheating scandal.



2 days ago

U.S.-China trade hopes revive stocks, yields rise

Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite.



2 days ago