Latest News on private equities market

Lyft asks Americans to ditch their cars for ride-hailing vouchers

Lyft Inc on Thursday said it was rolling out an offer to users in Los Angeles, San Francisco and Chicago to sell their cars in exchange for credit on the ride-hailing platform.



5 years ago

Roku shares plunge 15% after streaming device maker breaks earnings win streak

Roku posted third-quarter results that missed Wall Street's expectation after multiple quarters of blowout growth.

5 years ago

Big Oil stuns Brazil in back-to-back auction flops

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .



5 years ago

EU's Vestager says Apple Pay has prompted many concerns

Regulatory interest in iPhone maker Apple's mobile payment service was triggered by multiple expressions of concern, Europe's antitrust chief said on Thursday.



5 years ago

Lufthansa plans more cost cutting as cabin crew strike over pay

Lufthansa announced plans on Thursday for more cost cuts and delivered better-than-expected results, sending shares higher even as a cabin crew strike posed a further challenge to the German airline's efforts to revive profits.



5 years ago

Stung by WeWork, SoftBank boss Son charts more cautious IPO course

Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company's funding and increase its reliance on its lower-growth telecom business.



5 years ago

Fed's Powell to testify on economy on November 14

U.S. Federal Reserve Chair Jerome Powell will testify on the economy before the House Committee on the Budget on November 14, the committee said on Thursday.



5 years ago

Wall Street hits fresh record high on trade progress

Wall Street's main indexes hit fresh record highs on Thursday, rallying on signs of progress in U.S.-China trade relations and another batch of largely upbeat earnings reports.



5 years ago

Where top VCs are investing in fintech?

TechCrunch | Arman Tabatabai | Nov 6, 2019 Over the past several years, ‘fintech’ has quietly become the unsung darling of venture. A rapidly swelling pool of new startups is taking aim at the large incumbent institutions, complex processes and outdated unfriendly interfaces that mar billion dollar financial services verticals, such as insurtech, consumer lending,

5 years ago

Oil rises above $62 on hopes for U.S.-China trade deal

Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.



5 years ago

Activist reportedly buys stake in MSG stock, sees Knicks and Rangers worth more than $7 billion

Blue Harbour Group is reportedly pressuring Madison Square Garden CEO James Dolan to sell a portion of the New York Knicks and New York Rangers ahead of the planned spinoff.

5 years ago

Xerox offers HP $22 per share in a mostly cash offer, sources say

Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and 0.137 Xerox shares for each HP share.

5 years ago

Roku shares plunge after streaming device maker breaks earnings win streak

Roku posted third-quarter results that missed Wall Street's expectation after multiple quarters of blowout growth.

5 years ago

Trade-fueled rally pushes Wall Street to fresh record high

Wall Street's main indexes hit fresh record highs on Thursday, as signs of progress in U.S.-China trade relations and a batch of largely upbeat earnings boosted risk appetite.



5 years ago

Florida risk helped ruin Uber for insurer James River

A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.



5 years ago