Latest News on private equities market

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

Oil rose above $62 a barrel on Thursday after China hinted at progress towards 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

Factbox: Lawsuits over climate change proliferate across the United States

A trial in which Exxon Mobil Corp stands accused of defrauding investors out of up to $1.6 billion by hiding the true cost of climate change regulation is expected to wrap up this week.



5 years ago

Exxon's lawyer calls lawsuit a 'cruel joke' as climate change fraud trial ends

Lawyers for New York state and Exxon Mobil Corp delivered closing arguments in a closely watched trial accusing the oil company of hiding from investors the true cost of addressing climate change.



5 years ago

HSBC warned by British regulator over weak fraud and staff controls

HSBC has been told by the Bank of England to tighten up compliance controls for fraud, staff conduct and other non-financial risks, a source close to the bank said on Thursday.



5 years ago

Exclusive: Freddie Mac hires McKinsey to review capital as government overhaul begins

Housing finance giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.



5 years ago

Juul Labs to stop sales of mint-flavored nicotine pods in U.S

Juul Labs Inc said on Thursday it would immediately stop accepting orders for mint-flavored refills for its e-cigarettes in the United States.



5 years ago

Airbus reshuffles supply chain as former autos executive leaves group

Airbus is seeking a new permanent leader of a $50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at the Franco-German-led company to "pursue other professional challenges," industry sources said.



5 years ago

Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores

Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain's finances.



5 years ago

Juncker says Trump won't impose tariffs on European cars: Sueddeutsche

Outgoing European Commission President Jean-Claude Juncker does not believe U.S. President Donald Trump will impose tariffs on imported European cars next week, he told Germany's Sueddeutsche Zeitung.



5 years ago

China, U.S. agree to roll back tariffs as part of trade deal: officials

China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials from both sides said on Thursday, offering a new sign of progress despite ongoing divisions about the months-long dispute.



5 years ago

Exclusive: Trump administration moves closer to easing gun exports

The Trump administration has passed a key milestone in a long-delayed rule change that would make it easier to sell U.S. firearms outside the United States, including assault rifles and ammunition, people briefed on the matter told Reuters.



5 years ago

Roku tumbles 11% as Wall St. gives thumbs down to latest report

Roku Inc's stock tumbled 11% on Thursday after the video streaming company gave a quarterly report that Wall Street deemed not good enough to justify its sky-high valuation.



5 years ago

UPS liable for shipping contraband cigarettes in New York, damages reduced: court

A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to about $97.6 million from $247 million.



5 years ago

Xerox offers to buy HP for $22, sources say, more than 30% higher than where it traded a month ago

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

5 years ago

GM sells shuttered Ohio plant to EV truck start-up

General Motors Co confirmed on Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020.



5 years ago