Latest News on private equities market

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.



6 years ago
Former Bumble Bee tuna CEO found guilty of price fixing

Former Bumble Bee tuna CEO found guilty of price fixing

The former chief executive of Bumble Bee Foods LLC, Chris Lischewski, was found guilty of price-fixing on Tuesday, a court filing showed.



6 years ago
Wall Street falls as trade hopes wane

Wall Street falls as trade hopes wane

U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war.



6 years ago
Workday third-quarter profit, revenue beat; shares rise

Workday third-quarter profit, revenue beat; shares rise

Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software.



6 years ago
BMO restructuring charge to lead to hundreds of job losses

BMO restructuring charge to lead to hundreds of job losses

CBC | BMO Release | Dec 3, 2019 BMO says restructuring charge to affect about 5% of global workforce, without offering specifics The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of its global workforce.

6 years ago
Institutional investors have subscribed for 6.3 billion shares for Aramco IPO so far: lead bank

Institutional investors have subscribed for 6.3 billion shares for Aramco IPO so far: lead bank

Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Tuesday.



6 years ago
Elon Musk arrives at Los Angeles courthouse in defamation trial over 'pedo guy' tweet

Elon Musk arrives at Los Angeles courthouse in defamation trial over 'pedo guy' tweet

Billionaire Tesla Inc boss Elon Musk went on trial on Tuesday in a defamation lawsuit brought by a British man who accuses Musk of falsely branding him a pedophile in a Twitter message last year.



6 years ago
Xiaomi, Oppo to use Qualcomm's newest mobile phone chips

Xiaomi, Oppo to use Qualcomm's newest mobile phone chips

Two fast-growing Chinese phone brands said on Tuesday that they will adopt Qualcomm Inc's newest 5G chip in their flagship devices early next year.



6 years ago
France's Safran and Germany's MTU to work on new fighter engine

France's Safran and Germany's MTU to work on new fighter engine

France's Safran and MTU Aero Engines of Germany have agreed to develop together a jet engine for a Franco-German fighter, removing a key obstacle to one of Europe's flagship defence projects.



6 years ago
Ross says Trump has flexibility on tariffs toward France, Europe

Ross says Trump has flexibility on tariffs toward France, Europe

President Donald Trump has wide latitude in handling trade with France and other European allies, including imposing tariffs, U.S. Commerce Secretary Wilbur Ross told CNBC in an interview in on Tuesday.



6 years ago
Glencore CEO says he may step aside next year

Glencore CEO says he may step aside next year

Glencore CEO Ivan Glasenberg said on Tuesday he expected to be able to announce his successor next year, but said the timing was not yet certain.



6 years ago
Unilever names Braams as new marketing head in expanded role

Unilever names Braams as new marketing head in expanded role

Consumer goods giant Unilever Plc on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed.



6 years ago
Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.



6 years ago
Volkswagen headquarters raided again in connection with diesel scandal

Volkswagen headquarters raided again in connection with diesel scandal

Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen as part of the investigation into the car maker's diesel scandal.



6 years ago
U.S. Commerce Secretary: Trump's objectives on U.S.-China trade deal haven't changed

U.S. Commerce Secretary: Trump's objectives on U.S.-China trade deal haven't changed

U.S. Commerce Secretary Wilbur Ross on Tuesday told CNBC that President Donald Trump's objectives on a trade deal with China have not changed and that Trump is under no time pressure to complete a deal.



6 years ago