Latest News on private equities market

Walmart testing higher minimum wage for some employees

Walmart testing higher minimum wage for some employees

Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.



6 years ago
Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices

Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices

Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.



6 years ago
How Technology Saved China’s Economy

How Technology Saved China’s Economy

The New York Times | Ruchir Sharma | Jan 20, 2020 To outsiders, China may seem like a surveillance state. But tech has fueled growth and helped stave off recession. Landing in Shanghai recently, I found myself in the middle of a tech revolution remarkable in its sweep. The passport scanner automatically addresses visitors in

6 years ago
Take Five: When China sneezes

Take Five: When China sneezes

Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had by Friday killed 26 people and infected hundreds globally. That's actually reassuring when compared to the secretive handling of the 2003 SARS epidemic. And the World Health Organisation says while this is "an emergency in China", it's not of international concern yet



6 years ago
Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

Bombardier scrambles to craft rail merger with Alstom, Hitachi: sources

Bombardier has approached France's Alstom and Japan's Hitachi to find a merger partner for its rail business as it struggles to contain costs that have eaten into margins, sources told Reuters.



6 years ago
Wall Street slides on coronavirus fears, Intel limits losses

Wall Street slides on coronavirus fears, Intel limits losses

U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel.



6 years ago
Oil drops more than 2%, heads for weekly loss on China virus fears

Oil drops more than 2%, heads for weekly loss on China virus fears

Crude prices fell more than 2% on Friday, heading toward $60 a barrel and a steep weekly decline over concerns that the coronavirus in the world's second-largest oil consumer China will spread farther, curbing travel and oil demand.



6 years ago
Italy watchdog launches non-compliance proceedings against Facebook

Italy watchdog launches non-compliance proceedings against Facebook

Italy's competition watchdog has launched proceedings against Facebook for non-compliance with a previous request it had made regarding improper commercial practices in the group's treatment of user data, the agency said on Friday.



6 years ago
Ericsson hit by higher 5G costs and weaker U.S. market

Ericsson hit by higher 5G costs and weaker U.S. market

Sweden's Ericsson reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks.



6 years ago
Oil falls below $62, heads for weekly loss on China virus concerns

Oil falls below $62, heads for weekly loss on China virus concerns

Oil slipped below $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts.



6 years ago
SoftBank-backed CloudMinds slashes workforce amid cash burn: sources

SoftBank-backed CloudMinds slashes workforce amid cash burn: sources

SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated attempts to list on the stock market, three people familiar with the matter said.



6 years ago
FAA administrator to tell U.S. airlines MAX approval could come before mid-year

FAA administrator to tell U.S. airlines MAX approval could come before mid-year

Federal Aviation Administrator Steve Dickson is calling senior U.S. airline officials Friday to tell them that the agency could approve the grounded Boeing 737 MAX's return to service before mid-year, a government official said Friday.



6 years ago
Boeing delays 777X first flight again due to bad weather

Boeing delays 777X first flight again due to bad weather

Boeing has postponed again the first flight of its 777X long-haul jetliner that was scheduled to take place on Friday due to inclement weather.



6 years ago
Oil drops more than 2%, approaches weekly loss on China virus fears

Oil drops more than 2%, approaches weekly loss on China virus fears

Crude prices fell more than 2% on Friday and headed for a steep weekly decline over concerns that the coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand.



6 years ago
U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo , culminating on Thursday in more than$58 million in fines against eight former executives at the bank.



6 years ago