Latest News on private equities market

Peruvian prosecutor investigating deaths of two McDonald's employees

A Peruvian prosecutor's office said it was investigating the death of two teenaged employees in a McDonald's-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.



5 years ago

Despite IPO flameouts, 2019 sets record for U.S. unicorn births

Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.



5 years ago

Indian tribunal backs Mistry's reinstatement as chairman of Tata Sons

Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.



5 years ago

Dollar gains on Fed rates view; stocks edge higher

The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.



5 years ago

Airbus sees strong sales haul this year on Asia demand, long-range A321

Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.



5 years ago

Daimler agrees to $20 million settlement over U.S. vehicle recalls

Daimler AG's Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.



5 years ago

FedEx shares dive 10% after profit warning; analysts see worse coming

FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.



5 years ago

Wall Street builds on record-setting rally; FedEx drops

The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a steep drop in FedEx shares.



5 years ago

Peugeot boss Tavares has car manual for fixing Fiat Chrysler

With a track record of streamlining Peugeot's portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France's most profitable carmaker with Fiat Chrysler (FCA).



5 years ago

Apple, Amazon, Google partner to make smart home devices more compatible

Amazon.com Inc , Apple Inc and Alphabet Inc's Google are partnering to lay the groundwork for better compatibility among their smart home products, the companies said on Wednesday.



5 years ago

U.S. SEC proposes allowing more investors access to private companies

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.



5 years ago

Canada's SNC-Lavalin unit pleads guilty to fraud charge in Libya case

A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau's government in crisis.



5 years ago

French designs on dominance of Peugeot-Fiat rest on Tavares

Billed as a merger of equals, PSA's $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.



5 years ago

Exclusive: Nvidia to win unconditional EU okay for $6.8 billion Mellanox buy - sources

U.S. chipmaker Nvidia is set to win unconditional EU antitrust approval for its $6.8 billion acquisition of Mellanox Technologies , people familiar with the matter said on Wednesday.



5 years ago

Exclusive: Freddie Mac offers early retirement to 25% of workforce - sources

Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter.



5 years ago