Latest News on private equities market

Fisher Investments loses Chicago police pension; total losses now exceed $3 billion

The Policemen's Annuity and Benefit Fund of Chicago ended a $67 million relationship with Fisher Investments, marking another institutional investor to exit from the Camas, Washington-based firm.

5 years ago

U.S. safety board wants Boeing to redesign part after fatal 737 NG accident

The U.S. National Transportation Safety Board on Tuesday called on Boeing Co to redesign the fan cowl structure on all 737 NG planes and retrofit existing planes after an April 2018 incident in which a woman was killed on Southwest Airlines plane after an engine failure caused by a fan blade.



5 years ago

Trade commission finds Chinese mattress imports hurt U.S. industry

The U.S. International Trade Commission on Tuesday concluded that U.S. industry is materially injured by Chinese-made mattresses that are sold at less than fair value, paving the way for the U.S. Commerce Department to impose anti-dumping duties.



5 years ago

Former Goldman Sachs CEO pushes back on Warren's criticism, wealth tax

Former Goldman Sachs Group Inc Chief Executive Lloyd Blankfein pushed back on Tuesday against Elizabeth Warren's criticism of him and other prominent billionaires, saying the singling out of individuals makes him fear for the "political process in the United States."



5 years ago

GM not liable for punitive damages in ignition switch cases: U.S. appeals court

A federal appeals court said General Motors Co is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches.



5 years ago

Google enters gaming with cloud-based streaming service Stadia

Alphabet Inc's Google on Tuesday launched Stadia, a cloud-based service that allows users to stream games including "Assassin's Creed Odyssey" and "NBA 2K20" on Chrome web browser.



5 years ago

U.S. safety board chair criticizes Uber for 2018 fatal self-driving crash

The chairman of the U.S. National Transportation Safety Board (NTSB) on Tuesday criticized Uber Technologies Inc for its "ineffective safety culture" at the time of a March 2018 fatal self-driving car crash in Arizona.



5 years ago

Trump can no longer impose 'Section 232' auto tariffs after missing deadline: experts

The clock has run out on President Donald Trump's "Section 232" tariffs on imports of foreign-made cars and auto parts, after he failed to announce a decision by a self-imposed deadline, trade law experts say.



5 years ago

Oversupply angst drags oil lower, stocks drift near highs

Oil prices fell sharply on Tuesday on oversupply concerns while a gauge of stocks across the globe was on track to rise for a seventh straight session after large overnight gains in Asia.



5 years ago

Amazon uses aggregated seller data to help business, it tells lawmakers

Amazon.com Inc uses "aggregated data" from sellers in its third-party marketplace to improve its overall business, the online retailer said in response to a congressional antitrust probe that could raise concerns with such sellers.



5 years ago

Retail drags on Wall Street; Dow falls, S&P holds steady

The Dow Jones Industrial Average fell from record levels while the S&P was flat on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending while uncertainty over the U.S.-China trade dispute simmered in the background.



5 years ago

Oil slumps on oversupply fears, trade talk concerns

Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.



5 years ago

OxyContin maker Purdue Pharma to pay states' lawyers, urged to help victims

OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis.



5 years ago

Retail sector weighs on Wall Street; Dow and S&P end lower

The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending and the U.S.-China trade dispute dragged on.



5 years ago

Ghana joins airline competition fray with Dubai jet order

Ghana became the latest African nation to support the development of an international airline to boost its economy and develop tourism as its government signed a provisional order for three Boeing long-haul 787 Dreamliner jets on Tuesday.



5 years ago