Latest News on private equities market

ProPetro confirms U.S. SEC probe, accounting weaknesses

Oilfield services firm ProPetro Holding Corp on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.



5 years ago

Hyundai to make Santa Cruz pickups at Alabama plant in $410 million expansion

Hyundai Motor Co's manufacturing unit will start making the Santa Cruz pickup trucks at its Montgomery factory in 2021, following a $410 million expansion at the Alabama plant.



5 years ago

Trump threat of more China tariffs could hit consumer goods before Christmas

U.S. President Donald Trump's threat to jack up U.S. tariffs on Chinese goods if the world's two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than two weeks before Christmas.



5 years ago

Peloton exploring apps for Amazon Fire TV, Apple Watch: Bloomberg

Peloton Interactive Inc is exploring apps for Amazon.com Inc's Fire TV and Apple Inc's Watch, Bloomberg reported on Wednesday, citing people familiar with the matter.



5 years ago

Cisco second-quarter forecast disappoints; shares fall

Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below estimates as the network gear maker struggles to shift to a software-focused company from its business of selling routers and switches, sending shares down 4%.



5 years ago

Disney lifts Dow, S&P 500 to records while trade tensions cast shadow

The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.



5 years ago

J&J blockbuster loses ground to biosimilars despite Quebec court ruling

Johnson & Johnson's Remicade, a blockbuster drug that treats autoimmune disorders, has steadily lost market share among patients enrolled in the Canadian province of Quebec's public drug program, even after a court ruling reinstated full coverage in January, a Reuters analysis of government data shows.



5 years ago

Google Pay to offer checking accounts through Citi, Stanford Federal

Alphabet Inc's Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app, initially in partnership with Citigroup Inc and a small credit union at Stanford University.



5 years ago

Fed's Powell takes old-school view on U.S. borrowing capacity

Federal Reserve Chair Jerome Powell likes to avoid any hint of politics in his public statements, but in a seemingly non-controversial response to a question about U.S. government borrowing on Wednesday, he weighed in on one of the core issues in the political debate over how to manage the economy.



5 years ago

Key antitrust lawmaker frustrated with Google's Fitbit deal

Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet's Google , Facebook , Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies' continued acquisitions.



5 years ago

SoftBank's Z Holdings says in merger talks with line

Japanese Internet firm Z Holdings , the SoftBank-owned operator of Yahoo Japan, said on Thursday it was in talks to merge with messaging app operator Line Corp .



5 years ago

Takeaway CEO says does not want to overpay in $5.5 billion Just Eat bid

The chief executive of food ordering company Takeaway.com on Wednesday said he did not want to overpay as his company pursues an agreed merger with Britain's Just Eat , despite a higher unsolicited offer from rival Prosus .



5 years ago

China's Hikvision directors under investigation over disclosures

Chinese surveillance equipment manufacturer Hikvision said regulators were investigating two of its directors for allegedly violating disclosure rules, piling more pressure on a firm which is on a U.S. blacklist.



5 years ago

SoftBank's Yahoo Japan confirms merger talks with Line, shares jump

SoftBank's Yahoo Japan, one of Japan's top internet firms, confirmed it is in talks to merge with Line Corp , a $27 billion union that would bring the messaging app operator under the SoftBank umbrella in a major tech shake-up.



5 years ago

Stocks in cautious ranges ahead of China data, trade talk hopes fade

Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world's second-largest economy.



5 years ago