Latest News on private equities market

Tech sector pushes the S&P 500 to slight gain

Tech sector pushes the S&P 500 to slight gain

Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak.



6 years ago
Cathay to let crew wear masks on all flights due to new coronavirus

Cathay to let crew wear masks on all flights due to new coronavirus

Hong Kong's Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through March 31.



6 years ago
Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter

Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter

Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its employees pension plans.



6 years ago
Boeing's new CEO orders rethink on key jetliner project

Boeing's new CEO orders rethink on key jetliner project

Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis.



6 years ago
Boeing CEO expects to resume 737 MAX production before mid-year

Boeing CEO expects to resume 737 MAX production before mid-year

Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.



6 years ago
Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract

Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract

Amazon.com Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.



6 years ago
Commonwealth Bank of Australia's pension arm hit with another class-action lawsuit

Commonwealth Bank of Australia's pension arm hit with another class-action lawsuit

Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.



6 years ago
Australia's Westpac hires veteran banker McFarlane as chairman to tide over crisis

Australia's Westpac hires veteran banker McFarlane as chairman to tide over crisis

Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Australia and New Zealand Banking Group boss to help steer it through the fallout of a massive money-laundering scandal.



6 years ago
Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue?

Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue?

The platforms of the Democratic presidential contenders almost unanimously call for Social Security benefit hikes. Yet two leading candidates are at odds over whose intentions are more genuine. Meanwhile, new comments from President Trump prompted concerns that he could introduce cuts. Here's a look at what where the candidates really stand.

6 years ago
U.S., Canadian oil company bankruptcies surge 50% in 2019: report

U.S., Canadian oil company bankruptcies surge 50% in 2019: report

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes and Boone said in a report released on Wednesday.



6 years ago
Oil dips as surplus forecast overshadows Libya disruption

Oil dips as surplus forecast overshadows Libya disruption

Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya's crude output.



6 years ago
J&J misses revenue estimates as blockbuster drugs disappoint

J&J misses revenue estimates as blockbuster drugs disappoint

Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations.



6 years ago
New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, has dramatically outperformed the S&P 500 year-to-date.

6 years ago
With record profits on Wall Street, small bonuses will annoy bankers: experts

With record profits on Wall Street, small bonuses will annoy bankers: experts

Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of their staff will be underwhelmed by their bonuses.



6 years ago
Insurers look to curb ransomware exposure as U.S. cyber rates rise

Insurers look to curb ransomware exposure as U.S. cyber rates rise

U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said.



6 years ago