Latest News on private equities market

America Movil posts 63% jump in fourth-quarter net profit

America Movil posts 63% jump in fourth-quarter net profit

America Movil , the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year.



6 years ago
Rolls-Royce 'open-minded' on new Boeing mid-market jet study: executive

Rolls-Royce 'open-minded' on new Boeing mid-market jet study: executive

Rolls-Royce is "open-minded" on whether it will join Boeing in a fresh attempt at addressing the midsize jet market after pulling out of an earlier effort over timing, a top company official said on Wednesday.



6 years ago
44% of adults admit to keeping money secrets from a partner

44% of adults admit to keeping money secrets from a partner

Whether they are spending more money than they are letting on, stashing a secret credit card or hiding debt, nearly half of those in a relationship admit to committing some sort of financial infidelity.

6 years ago
Boeing executive says tough to see air cargo growth this year due to virus

Boeing executive says tough to see air cargo growth this year due to virus

The air cargo market is unlikely to grow this year because of the challenges posed in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.



6 years ago
Hyundai signs development deal with another electric vehicle startup

Hyundai signs development deal with another electric vehicle startup

Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.



6 years ago
Oil prices rise from 13-month low as new virus cases slow

Oil prices rise from 13-month low as new virus cases slow

Oil prices edged up from 13-month lows on Tuesday as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.



6 years ago
S&P 500, Nasdaq set course for new closing highs as coronavirus fears abate

S&P 500, Nasdaq set course for new closing highs as coronavirus fears abate

Wall Street advanced on Tuesday with the S&P 500 and the Nasdaq on track to score their second consecutive record highs after officials said the deadly coronavirus could be contained by April.



6 years ago
U.S. companies cut back on installing robots in 2019

U.S. companies cut back on installing robots in 2019

U.S. companies installed fewer robots in 2019 than they did the year before, the first cut back since 2015, as a downturn in manufacturing fueled by trade wars and weaker demand dampened appetite for the machines.



6 years ago
FTC demands data about small buys by Google, Amazon, Apple, Facebook, Microsoft

FTC demands data about small buys by Google, Amazon, Apple, Facebook, Microsoft

The Federal Trade Commission has issued special orders to five big tech companies - Alphabet Inc's Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp - to provide information about mergers too small to report to antitrust agencies, the agency said on Tuesday.



6 years ago
PayPal funds academic research on illegal firearms transactions

PayPal funds academic research on illegal firearms transactions

PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.



6 years ago
How to delay or ditch Medicare and pick it up later without paying penalties

How to delay or ditch Medicare and pick it up later without paying penalties

If a job is (or will be) part of your post-65 life, be sure you know the rules for putting off or dropping Medicare due to workplace coverage — and the deadlines you'll face when you go to pick it back up — so you don't have to pay late-enrollment penalties.

6 years ago
Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo CEO Scharf shakes up management at scandal-hit bank

Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.



6 years ago
Banks, fintech startups clash over ‘the new oil’ — your data

Banks, fintech startups clash over ‘the new oil’ — your data

Politico | Victoria Guida | Feb 7, 2020 Fintech companies argue that giving banks a tight grip over the flow of information will allow the big lenders to snuff out new competitors. The nation’s banks are locked in a bitter fight with upstart technology companies over the control of their customers' financial data — and

6 years ago
Stocks surge to record highs on hopes virus is peaking, gold ebbs

Stocks surge to record highs on hopes virus is peaking, gold ebbs

Key U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over in April, a rosy outlook that helped crude prices to rebound on renewed Chinese demand.



6 years ago
German conservative lawmakers back compromise on 5G: sources

German conservative lawmakers back compromise on 5G: sources

Lawmakers from German Chancellor Angela Merkel's ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China's Huawei, sources said.



6 years ago