Latest News on private equities market

EasyJet chairman says proxy votes show founder lost key challenge

EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust the CEO, chairman, CFO and another director, preliminary results of a shareholder vote showed.



5 years ago

China's Geely to explore deeper cooperation with Daimler: chairman

China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG , its Chairman Li Shufu said on Friday.



5 years ago

Ryanair's Lauda airline to close Vienna base, 300 jobs to go

Ryanair's Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.



5 years ago

Amazon to hire 50,000 temp workers in India as lockdown boosts demand

Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.



5 years ago

Futures retreat as Sino-U.S. tensions simmer

U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession.



5 years ago

Hong Kong tensions unnerve world stocks, oil tumbles

World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.



5 years ago

Deere profit slumps 41% as farm equipment demand crashes

Deere & Co reported a 41% fall in quarterly profit on Friday as coronavirus-led lockdowns sapped demand for its tractors, harvesters and other machinery.



5 years ago

Cabin crew union demands Lufthansa bailout safeguards jobs

Germany's airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa .



5 years ago

U.S. shale bust slams rural economies as oil checks shrivel

Royalties from oil pumped on Paul Ruckman's land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments.



5 years ago

EasyJet founder fails to oust management, proxy votes show

EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote brought over the airline's plan to buy new planes.



5 years ago

Deere sees sharp fall in annual profit as lockdowns sap demand

Deere & Co on Friday forecast a sharp fall in full-year profit as farmers and ranchers struggle to bring their goods to market because of coronavirus-led restrictions, crushing demand for equipment like harvestors and tractors.



5 years ago

EasyJet shareholders reject founder's proposals to oust key management

EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly 60% of votes cast against his proposals at a general meeting.



5 years ago

Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up

Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.



5 years ago

Alibaba revenue, profit beat as online sales surge during lockdown

China's Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials.



5 years ago

With remote work plan, Facebook dashes hopes of paycheck arbitrage

With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.



5 years ago