Latest News on private equities market

American Airlines extends Boeing 737 MAX flight cancellations into June

American Airlines Group Inc will extend cancellations of Boeing Co 737 MAX flights through June 3 as the grounding threatens to impact a second busy U.S. summer travel season.



5 years ago

BlackRock vows tougher stance on climate after activist heat

BlackRock Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world's biggest investment manager, which has faced mounting concerns about its role as a major fossil fuel investor.



5 years ago

U.S. consumer prices gain slightly; underlying inflation tame

U.S. consumer prices rose slightly in December even as households paid more for healthcare, and monthly underlying inflation slowed, supporting the Federal Reserve's desire to keep interest rates unchanged at least through this year.



5 years ago

U.S. regulators to review 2018 fatal Tesla crash in California

U.S. transportation regulators will meet Feb. 25 to determine the probable cause of the 2018 fatal crash of a Tesla Inc vehicle in Mountain View, California, the National transportation Safety Board said in a statement.



5 years ago

Boeing net orders slump to lowest in decades

Boeing Co reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 MAX jet saw it fall far behind main competitor Airbus.



5 years ago

Oil back in positive territory ahead of U.S.-China trade deal

Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal.



5 years ago

Tesla going to over $6,000 per share, says money manager who originally predicted $4,000

Ark Investment Management founder Catherine Wood said she believes Tesla's stock could be worth more than $6,000 per share in the next five years.

5 years ago

Wells Fargo's new chief pledges more cost cuts as profit slumps

Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes."



5 years ago

U.S. bank executives offer cautious optimism heading into 2020

Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year.



5 years ago

U.S. agency to determine cause of 2018 fatal Tesla 'Autopilot' crash

The U.S. National Transportation Safety Board (NTSB) will meet on Feb. 25 to determine the probable cause of the 2018 fatal crash of a Tesla Inc vehicle in Mountain View, California, the agency said.



5 years ago

Chile's Codelco says uncovered $22 million insurance fraud involving unions

Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had filed a lawsuit over an alleged scam in insurance contracts drawn up by unions for workers at its Chuquicamata and Radomiro Tomic mines.



5 years ago

Former Barclays CEO suggested Qatari side deal in 2008, London court hears

Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar's demands for extra cash in return for rescue funding for the bank during the 2008 credit crisis, a London court heard on Tuesday.



5 years ago

S&P 500 eases from record on tech retreat, Wells Fargo slide

The S&P 500 eased from record levels on Tuesday, as technology stocks handed back gains made on hopes of a preliminary U.S.-China trade deal and Wells Fargo slid in a mixed start to big banks' quarterly earnings.



5 years ago

Wall Street inches to fresh record after upbeat JPMorgan, Citi results

U.S. stocks eked out gains to hit fresh record highs on Tuesday, as stronger-than-expected earnings from JPMorgan and Citigroup added to optimism about the domestic economy ahead of the imminent signing of a U.S.-China trade deal.



5 years ago

Why the Ukrainian plane tragedy is unlikely to lead to global airspace rules

Why was the Ukrainian airliner mistakenly shot down near Tehran by Iranian forces last week for the loss of 176 lives even allowed to take off from a country that had just fired missiles towards its neighbour? And why didn't the airline just delay or cancel the flight?



5 years ago