Latest News on private equities market

New Roma model joins Ferrari's 'prancing horse' stable

New Roma model joins Ferrari's 'prancing horse' stable

Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous "prancing horse" logo looks to sustain profit and share price growth.



6 years ago
Wells Fargo former interim CEO Allen Parker to step down as general counsel

Wells Fargo former interim CEO Allen Parker to step down as general counsel

Wells Fargo & Co on Thursday said its general counsel Allen Parker, who was formerly interim chief executive officer, would step down in March 2020.



6 years ago
Wall Street dips at open on global growth worries

Wall Street dips at open on global growth worries

U.S. stocks opened lower on Thursday as weak data from major economies and a dour forecast from Cisco rekindled worries of a global slowdown.



6 years ago
Spain's former BBVA chairman 'FG' placed under investigation: source

Spain's former BBVA chairman 'FG' placed under investigation: source

Spain's High Court on Thursday placed the former chairman of BBVA , Francisco Gonzalez, under investigation as part of a probe into an alleged spying case, a source with knowledge of the matter said.



6 years ago
Walmart raises earnings outlook, expects strong holiday sales

Walmart raises earnings outlook, expects strong holiday sales

Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday and raised its full-year outlook as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries.



6 years ago
Futures slip as weak Chinese data sparks growth fears; Cisco falls

Futures slip as weak Chinese data sparks growth fears; Cisco falls

U.S. stock index futures slipped slightly on Thursday, a day after the S&P 500 and the Dow closed at record highs, as weak Chinese economic data and a dour forecast from Cisco rekindled fears of a global slowdown.



6 years ago
Apple downgraded to rare sell rating by Maxim on concern about iPhone sales next year

Apple downgraded to rare sell rating by Maxim on concern about iPhone sales next year

Maxim downgraded Apple to sell from hold and set a 12-month price target of $190.

6 years ago
Walmart raises earnings forecast, expects strong holiday sales

Walmart raises earnings forecast, expects strong holiday sales

Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.



6 years ago
Oil rises on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil rises on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.



6 years ago
Credit Suisse says Tesla is running out of time as the major electric car maker, shares to dive 40%

Credit Suisse says Tesla is running out of time as the major electric car maker, shares to dive 40%

Credit Suisse on Thursday noted that Tesla has nearly an 80% share of the U.S. market for electric vehicle.

6 years ago
Burberry aims to woo more customers in China with Tencent tie-up

Burberry aims to woo more customers in China with Tencent tie-up

British luxury brand Burberry on Thursday said it has joined forces with China's Tencent for a new digital marketing and sales push to tap the nation's increasingly social media savvy shoppers in a critical luxury market.



6 years ago
This rule of thumb about credit card use could be costing you

This rule of thumb about credit card use could be costing you

Experts say there is a misconception that your credit score won't be negatively affected unless your total balance climbs above 30% of your available credit.

6 years ago
Britain's Asda blames Brexit uncertainty for lower sales

Britain's Asda blames Brexit uncertainty for lower sales

Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain's exit from the European Union had negatively affected spending patterns.



6 years ago
Carl Icahn takes stake in HP, pushes for merger with Xerox

Carl Icahn takes stake in HP, pushes for merger with Xerox

Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, according to The Wall Street Journal.

6 years ago
Oil up 1% on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil up 1% on U.S. crude stocks fall, OPEC comments on U.S. shale growth

Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.



6 years ago