Latest News on private equities market

Paid parental leave may be coming to more than 2 million Americans

Paid parental leave may be coming to more than 2 million Americans

New legislation would guarantee paid parental leave for 2.1 million federal workers. It would be the first update to federal family leave policy in a generation.

6 years ago
Continental Resources says founder Hamm to step down as CEO

Continental Resources says founder Hamm to step down as CEO

Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a "toothless tiger," will step down as chief executive of Continental Resources and take a board role, the company said on Wednesday.



6 years ago
Fiat Chrysler's UAW members ratify new four-year contract

Fiat Chrysler's UAW members ratify new four-year contract

The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France's Groupe PSA .



6 years ago
CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared rides

CEO of GM's Cruise driverless vehicle unit hints at offering low-cost shared rides

The chief executive of autonomous vehicle company Cruise signaled on Wednesday the General Motors Co subsidiary intends to offer shared rides "at a radically lower cost" as part of a bid to move eventually "beyond the car."



6 years ago
JPMorgan to revamp wealth management business: WSJ

JPMorgan to revamp wealth management business: WSJ

JPMorgan Chase & Co is combining its U.S. wealth-management operations for affluent clients and the Chase branch network's financial-advisory business into a new unit, The Wall Street Journal reported on Wednesday, citing a memo.



6 years ago
NYSE files amended direct listings proposal

NYSE files amended direct listings proposal

The New York Stock Exchange on Wednesday filed an amended proposal for a rule change that would allow U.S direct listings to raise new capital like in an initial public offering (IPO).



6 years ago
Intel hires former GlobalFoundries, IBM chip executive

Intel hires former GlobalFoundries, IBM chip executive

Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, according to an internal Intel memo seen by Reuters on Wednesday.



6 years ago
Global stocks rise after Fed keeps rates on hold; oil falls

Global stocks rise after Fed keeps rates on hold; oil falls

Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an unexpected increase in U.S. crude inventories.



6 years ago
Wall Street posts modest gain as Fed signals rates to hold for some time

Wall Street posts modest gain as Fed signals rates to hold for some time

Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.



6 years ago
Fed keeps interest rates on hold amid 'favorable' economic outlook

Fed keeps interest rates on hold amid 'favorable' economic outlook

The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.



6 years ago
GE shares rise after new analyst at UBS gives stock a buy rating and predicts a big 2020 rebound

GE shares rise after new analyst at UBS gives stock a buy rating and predicts a big 2020 rebound

The new UBS price target for GE represents an expectation for the stock to climb 26% from current levels.

6 years ago
Stocks edge higher as trade deadline nears, oil falls

Stocks edge higher as trade deadline nears, oil falls

Global equity markets rose on Wednesday as investors expected U.S. President Donald Trump would delay his promised new tariffs on Chinese goods, while oil prices fell after data showed an unexpected rise in U.S. crude inventories.



6 years ago
FAA probing Boeing 737 production issues as Congress raises concerns

FAA probing Boeing 737 production issues as Congress raises concerns

The Federal Aviation Administration (FAA) said Wednesday it has an ongoing investigation into reported production problems involving the Boeing 737 after a former employee reported extensive issues.



6 years ago
Global airlines chief warns on spiraling delays to Boeing 737 MAX

Global airlines chief warns on spiraling delays to Boeing 737 MAX

Airlines face significant problems if the return to service of the Boeing 737 MAX drags on for months longer, the head of the International Air Transport Association said on Wednesday.



6 years ago
Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019

Factbox: FAA chief says 737 MAX will not be cleared to fly in 2019

U.S. Federal Aviation Administration (FAA) chief Steve Dickson confirmed on Wednesday the agency will not allow Boeing Co's grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019.



6 years ago