Latest News on private equities market

South African Airways running out of cash as unions seek to expand strike

South African Airways running out of cash as unions seek to expand strike

South African Airways (SAA) is running out of cash and could be liquidated if the government doesn't give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.



6 years ago
Target raises full-year forecast ahead of holiday season; shares surge

Target raises full-year forecast ahead of holiday season; shares surge

Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.



6 years ago
Factbox: 'To Tim': Trump's tweets to Apple CEO Cook on factories, iPhones

Factbox: 'To Tim': Trump's tweets to Apple CEO Cook on factories, iPhones

Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America's most powerful men.



6 years ago
Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources

Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources

Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world's biggest share sale.



6 years ago
Apple starts construction of new campus in Texas

Apple starts construction of new campus in Texas

Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.



6 years ago
If Lufthansa doesn't make concessions, we'll announce strikes - union

If Lufthansa doesn't make concessions, we'll announce strikes - union

Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions in a wage dispute.



6 years ago
Prosus criticizes rival Takeaway bid for Britain's Just Eat

Prosus criticizes rival Takeaway bid for Britain's Just Eat

Technology company Prosus on Wednesday criticized rival suitor Takeaway.com's bid for British food delivery service Just Eat, saying it presents "significant risks" for shareholders.



6 years ago
Why Icahn is making a $400 million bet against malls: Record store closures this year

Why Icahn is making a $400 million bet against malls: Record store closures this year

So far in 2019, more than 9,100 stores have closed across the country, according to Bank of America.

6 years ago
Scooter maker Superpedestrian raises $20 million, promises fewer breakdowns

Scooter maker Superpedestrian raises $20 million, promises fewer breakdowns

Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.



6 years ago
China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

China's Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

China's top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.



6 years ago
U.S. begins issuing some licenses for companies to supply goods to Huawei

U.S. begins issuing some licenses for companies to supply goods to Huawei

The U.S. Commerce Department confirmed Wednesday it has begun issuing licenses for some U.S companies to supply non-sensitive goods to China’s Huawei Technologies Co Ltd.



6 years ago
Strike pushes South African Airways to brink of collapse

Strike pushes South African Airways to brink of collapse

South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.



6 years ago
Prosus, Takeaway trade barbs in battle for Britain's Just Eat

Prosus, Takeaway trade barbs in battle for Britain's Just Eat

The two companies vying to purchase British food delivery service Just Eat traded barbs on Wednesday, as technology company Prosus and Takeaway.com each sought to win over a critical mass of shareholders.



6 years ago
Norwegian Air appoints industry outsider as new CEO to lead restructuring

Norwegian Air appoints industry outsider as new CEO to lead restructuring

Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.



6 years ago
The best-performing hedge funds are piling into these financial shares

The best-performing hedge funds are piling into these financial shares

CNBC used Symmetric.io to find the top-performing hedge funds and see where the smart money placed their wagers in the third quarter.

6 years ago