Latest News on private equities market

EBay forecasts first-quarter revenue below estimates, shares fall

EBay forecasts first-quarter revenue below estimates, shares fall

EBay Inc forecast first-quarter revenue below Wall Street targets on Tuesday, as the e-commerce company faces fierce competition from bigger rival Amazon.com Inc , sending its shares down about 3% after the bell.



6 years ago
AMD revenue forecast disappoints on weak console demand

AMD revenue forecast disappoints on weak console demand

Advanced Micro Devices Inc forecast current-quarter revenue below analysts' estimates on Tuesday, as demand wanes from console makers ahead of new launches.



6 years ago
U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says

U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says

The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion.



6 years ago
Pfizer posts 9% fall in fourth-quarter revenue

Pfizer posts 9% fall in fourth-quarter revenue

Pfizer Inc reported a 9% drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost patent protection last year.



6 years ago
Oil rout extends to sixth day as China virus death toll rises

Oil rout extends to sixth day as China virus death toll rises

Oil futures were set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears.



6 years ago
Renault poised to name VW manager De Meo as CEO: sources

Renault poised to name VW manager De Meo as CEO: sources

Renault's board is set to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, two sources familiar with the matter said.



6 years ago
Johnson's choice: Britain faces policy test over Huawei 5G role

Johnson's choice: Britain faces policy test over Huawei 5G role

Prime Minister Boris Johnson will decide if China's Huawei should have a role in Britain's future 5G mobile network on Tuesday, a choice that risks damaging relations with the United States or China on the eve of Brexit.



6 years ago
Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources

Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources

OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.



6 years ago
Starbucks sees hit as coronavirus prompts over 2,000 China store closures

Starbucks sees hit as coronavirus prompts over 2,000 China store closures

Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.



6 years ago
J.Crew Group appoints former Victoria's Secret executive as CEO

J.Crew Group appoints former Victoria's Secret executive as CEO

J.Crew Group Inc on Tuesday appointed former Victoria's Secret executive Jan Singer as chief executive officer, effective Feb. 2.



6 years ago
Airlines cut China flights as companies restrict travel on virus fears

Airlines cut China flights as companies restrict travel on virus fears

Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.



6 years ago
Apple iPhone back to growth after a year's slump; China virus adds uncertainty

Apple iPhone back to growth after a year's slump; China virus adds uncertainty

Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.



6 years ago
Airbus faces record $4 billion fine after bribery probe

Airbus faces record $4 billion fine after bribery probe

Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.



6 years ago
Blink and you miss it: The U.S. yield curve inverts again

Blink and you miss it: The U.S. yield curve inverts again

A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.



6 years ago
Facebook VP of engineering Jay Parikh says leaving company

Facebook VP of engineering Jay Parikh says leaving company

Facebook's vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.



6 years ago