Latest News on private equities market

UK's Morrisons to cut 3,000 management jobs

UK's Morrisons to cut 3,000 management jobs

Morrisons , Britain's No. 4 supermarket group, plans to cut 3,000 management jobs as part of a major restructuring of its workforce that will see 7,000 store jobs created, it said on Thursday.



6 years ago
Euro traders wait for ECB meeting, yuan drops on virus fears

Euro traders wait for ECB meeting, yuan drops on virus fears

The euro remained stuck in its recent trading range on Thursday before the European Central Bank's meeting, while China's yuan dropped on fears about the spread of a virus.



6 years ago
Jeep, Suzuki models found to have broken EU emissions rules

Jeep, Suzuki models found to have broken EU emissions rules

Fiat Chrysler's Jeep Grand Cherokee and Suzuki's Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.



6 years ago
P&G's quarterly sales miss Wall Street estimates, shares fall

P&G's quarterly sales miss Wall Street estimates, shares fall

Procter & Gamble Co reported lower-than-expected quarterly sales on Thursday, its first miss in five quarters, hurt by a stronger dollar, sending its shares down about 2%.



6 years ago
Comcast's growth in broadband customers offsets fourth-quarter cord-cutting

Comcast's growth in broadband customers offsets fourth-quarter cord-cutting

Comcast Corp's bid to counter cord-cutting with profitable broadband customers continued to pay off in the fourth quarter, as the company on Thursday beat Wall Street's revenue and profit estimates.



6 years ago
P&G falls short of sales estimates for first time in over a year

P&G falls short of sales estimates for first time in over a year

Procter & Gamble Co reported quarterly sales that fell short of analysts' estimates for the first time in over a year, hurt by weakness in its baby and feminine care business, which sells everything from Tampax tampons to Pampers diapers.



6 years ago
Goldman won't take companies public without at least one diverse board candidate, CEO says

Goldman won't take companies public without at least one diverse board candidate, CEO says

Goldman Sachs CEO David Solomon spoke with CNBC's "Squawk Box" from the World Economic Forum in Davos, Switzerland.

6 years ago
Wall Street's next trading innovation: Air-fare derivatives

Wall Street's next trading innovation: Air-fare derivatives

Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against any drop in ticket prices.

6 years ago
Union Pacific profit misses estimates as energy shipments fall

Union Pacific profit misses estimates as energy shipments fall

U.S. railroad operator Union Pacific Corp reported a lower-than-expected quarterly profit, as freight volumes of agricultural products and energy shipments fell.



6 years ago
American Airlines beats quarterly profit estimates on strong travel demand

American Airlines beats quarterly profit estimates on strong travel demand

American Airlines Group Inc edged past Wall Street estimates for quarterly profit on Thursday, as strong travel demand and lower fuel costs cushioned the U.S. carrier from flight cancellations due to the 737 MAX grounding.



6 years ago
JetBlue resets cost structure to enable low airfares for next decade

JetBlue resets cost structure to enable low airfares for next decade

JetBlue Airways Corp said on Thursday it had shaved $314 million off its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade. Curbing costs is a priority for many companies, but particularly for airlines like JetBlue, where costs have been rising faster than for many peers and whose business model depends on fares that can compete with legacy airlines.



6 years ago
Futures inch lower on worsening China virus concerns, mixed earnings

Futures inch lower on worsening China virus concerns, mixed earnings

U.S. stock index futures edged lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, with a mixed bag of results adding to the dour sentiment.



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
Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper

Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper

Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund's campaign demanding 7 trillion won ($6 billion) in dividends and board seats was thwarted in March.



6 years ago
PG&E strikes deal with creditors over restructuring

PG&E strikes deal with creditors over restructuring

Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.



6 years ago