Latest News on private equities market

Massachusetts sues Exxon Mobil, saying company lied about climate change

Massachusetts sued Exxon Mobil Corp on Thursday, with the state's attorney general accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.



5 years ago

GM contract vote by striking UAW workers heads into final hours

Striking workers at General Motors Co factories in the United States finish voting on Friday on a proposed four-year contract that could end a 39-day strike that has cost the No. 1 U.S. automaker more than $2 billion according to Wall Street.



5 years ago

Pound down vs dollar after PM calls for election; S&P 500 gains

The British pound fell against the dollar on Thursday after British Prime Minister Boris Johnson's call for a national election, while global stock markets edged higher.



5 years ago

Barneys close to sale to Authentic Brands after rival bid fails: sources

Luxury retailer Barneys New York Inc is close to being sold to licensing firm Authentic Brands Group LLC after a competing bid from a trade show executive failed to qualify for a bankruptcy auction, people familiar with the matter said on Thursday.



5 years ago

Walmart, CVS and Rite Aid pull 22-ounce J&J baby powder off shelves

Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson's baby powder from their stores, following the healthcare conglomerate's recall last week of some bottles due to possible asbestos contamination.



5 years ago

Intel data center rebound eases U.S.-China trade war worries

Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, powered by sales to data centers and easing concerns about slowing demand during the U.S.-China trade war.



5 years ago

Citigroup names Jane Fraser as president

Citigroup Inc has promoted Jane Fraser to head of its global consumer bank and president, putting her in a position eventually to become the next chief executive.



5 years ago

Albemarle cuts 2019 forecast on lithium price pressure

Albemarle Corp , the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading.



5 years ago

FTC staff recommends approval of Roche deal for Spark: report

The Federal Trade Commission staff reviewing Roche's plan to buy U.S.-based gene therapy specialist Spark Therapeutics for $4.3 billion recommended that the deal be approved without requiring any asset sales, the Capitol Forum reported on Thursday.



5 years ago

Massachusetts accuses Exxon in lawsuit of climate change deceit

Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change.



5 years ago

Walmart pulls 22-ounce J&J baby powder from shelves - CNBC

Walmart Inc has removed and blocked sales of Johnson & Johnson's 22-ounce baby powder bottles from its stores, CNBC reported on Thursday, making it the third large retailer to pull the product.



5 years ago

Amazon's faster shipping dents profits, more pain to come

Amazon.com Inc's chief financial officer on Thursday said costs for its one-day shipping program will spike to around $1.5 billion during the holiday season as the online retailer speeds up free delivery to woo shoppers and fend off rivals like Walmart Inc and Target Corp.



5 years ago

HSBC, StanChart results to show Hong Kong protests are starting to gnaw

HSBC Holdings Plc and Standard Chartered Plc are set to show early signs of strain from anti-government protests in Hong Kong, the single-biggest profit center for the two banks, when they report quarterly earnings next week.



5 years ago

U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation.



5 years ago

Indonesia's report on Lion Air 737 MAX crash recommends redesign, better training: Seattle Times

Indonesia has recommended closer scrutiny of automated control systems, better design of flight deck alerts and accounting for a more diverse pilot population in the wake of a Boeing Co 737 MAX crash, the Seattle Times reported http://bit.ly/2WbsSYR.



5 years ago