Latest News on private equities market

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues

The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.



6 years ago
Insys founder Kapoor sentenced to 66 months in prison: judge

Insys founder Kapoor sentenced to 66 months in prison: judge

Insys Therapeutics founder John Kapoor was sentenced to 66 months in prison for his role in an opioid fraud scheme by a U.S. district judge in Boston on Thursday.



6 years ago
Intel forecasts 2020 revenue above estimates, shares rise 7%

Intel forecasts 2020 revenue above estimates, shares rise 7%

Intel Corp forecast full-year revenue above analysts' estimates on Thursday after beating fourth-quarter earnings expectations, powered by its closely watched data center and PC chips businesses, sending its shares up nearly 7%.



6 years ago
S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus

S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus

The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.



6 years ago
Broadcom to supply wireless components to Apple

Broadcom to supply wireless components to Apple

Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.



6 years ago
U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.



6 years ago
American, Southwest say demand helping competitors while 737 MAX sits parked

American, Southwest say demand helping competitors while 737 MAX sits parked

Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding.



6 years ago
Dollar up vs euro as ECB holds rates steady, launches review

Dollar up vs euro as ECB holds rates steady, launches review

The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.



6 years ago
Bank regulator charges ex-Wells Fargo executives for role in sales scandal

Bank regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's three-year sales practices scandal.



6 years ago
Regulator charges ex-Wells Fargo executives for role in sales scandal

Regulator charges ex-Wells Fargo executives for role in sales scandal

Wells Fargo & Co's regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank's sales practices scandal.



6 years ago
Oil falls 2% as specter of China virus threatens fuel demand

Oil falls 2% as specter of China virus threatens fuel demand

Oil prices fell more than 2% on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.



6 years ago
Westpac economists now see RBA delaying rate cut to April

Westpac economists now see RBA delaying rate cut to April

Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.



6 years ago
U.S. weekly jobless claims rise modestly; labor market tight

U.S. weekly jobless claims rise modestly; labor market tight

The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing.



6 years ago
U.S. regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra

U.S. regulator to review recommendation on Fiat Chrysler's Jeep complaint against Mahindra

A U.S. regulator said it will review part of a recommendation made last fall that India's Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles' Jeep SUV design.



6 years ago
Morgan Stanley launches cash accounts for wealth management clients

Morgan Stanley launches cash accounts for wealth management clients

Morgan Stanley is offering new brokerage accounts to its wealth management clients aimed at helping them manage their cash. The accounts are aimed as an alternative to traditional banking, and tout a host of features, including reduced fees, enhanced fraud protection and digital management.

6 years ago