Latest News on private equities market

All three major U.S. stock averages reached record highs on Wednesday as news that the dreaded coronavirus could be running out of steam kept buyers in the ring.

SelectQuote has hired investment banks for an initial public offering (IPO) that could value the owner of the eponymous insurance policy comparison website at more than $2 billion, including debt, according to people familiar with the matter.

Alstom's board will meet late on Wednesday to discuss buying Bombardier's rail unit, sources familiar with the matter said, and a media report said the French train maker had valued the business at just under $7 billion.

Boeing Co is unlikely, for several years, to hit the monthly 57-unit production rate it had targeted for the 737 MAX preceding the grounding of the jet due to delays in regulatory approval, Chief Financial Officer Greg Smith said on Wednesday.

SoftBank Vision Fund has around 50 winners in its $100 billion portfolio and a dozen or more companies could pursue listings over the next 18 months, Rajeev Misra, chief executive of SoftBank Investment Advisers, said on Wednesday.

E-cigarette maker Juul Labs Inc bought online advertisements on teen-focused websites for Nickelodeon, Cartoon Network and Seventeen magazine after it launched its product in 2015, according to a lawsuit filed on Wednesday by the Massachusetts attorney general's office.

While most of the proposals involving Medicare are largely aimed at behind-the-scenes shifts, the budget also would make it easier for older Americans to opt out of Medicare and would allow recipients to put money in tax-advantaged accounts earmarked for health-care costs.

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future.

Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand.

Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.

The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was cancelled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.

Companies with CEOs who make liberal use of positive words like "growth" during earnings calls outperform their counterparts, a study finds.

Amazon Chief Executive Jeff Bezos, the world's wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday.

Tesla Inc is seeking approval from Chinese regulators to offer a new China-made Model 3 variant, a government document shows.

The Pentagon is likely to back restrictions to Huawei Technologies, reversing earlier opposition to a proposal meant to further crack down on U.S. exports to the blacklisted Chinese technology company, Politico reported on Wednesday.