Latest News on private equities market

IBM hopes to change weather forecasting around the globe using big data and a new supercomputer

IBM hopes to change weather forecasting around the globe using big data and a new supercomputer

The system is called GRAF, or Global High Resolution Atmospheric Forecasting, and will have many applications globally for governments and industries.

6 years ago
U.S. 'getting close' to trade deal with China: White house economic adviser

U.S. 'getting close' to trade deal with China: White house economic adviser

The United States is getting close to a trade agreement with China, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive discussions with Beijing.



6 years ago
Walmart's third-quarter results beat estimates, shares rise

Walmart's third-quarter results beat estimates, shares rise

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
How SoftBank is putting its stamp on LatAm's venture capital scene

How SoftBank is putting its stamp on LatAm's venture capital scene

SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.



6 years ago
Goldman downgrades Kraft Heinz to sell, says the recent rally won't last

Goldman downgrades Kraft Heinz to sell, says the recent rally won't last

The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much since Kraft's strong third-quarter earnings.

6 years ago
Danish prosecutor charges Danske Bank for overcharging customers

Danish prosecutor charges Danske Bank for overcharging customers

Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.



6 years ago
WPP says acquisitions back on agenda after Kantar sale

WPP says acquisitions back on agenda after Kantar sale

Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.



6 years ago
Ford to start taking reservations for electric SUV next week

Ford to start taking reservations for electric SUV next week

Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.



6 years ago
Alibaba's Hong Kong listing offers valuable Beijing goodwill

Alibaba's Hong Kong listing offers valuable Beijing goodwill

Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.



6 years ago
Alibaba to pioneer paperless listing in break with Hong Kong norm

Alibaba to pioneer paperless listing in break with Hong Kong norm

Alibaba's planned $13.4 billion share sale will be Hong Kong's first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches.



6 years ago
SoftBank's Yahoo Japan in merger talks with Line, shares jump

SoftBank's Yahoo Japan in merger talks with Line, shares jump

SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services.



6 years ago
Singapore fines UBS $8 million over deceptive bond trades

Singapore fines UBS $8 million over deceptive bond trades

Singapore said on Thursday it had levied an S$11.2 million ($8 million) fine on Swiss bank UBS after investigations showed its advisors deceived clients over prices for bonds and structured products.



6 years ago
Boeing drops automation system used to build 777 jets

Boeing drops automation system used to build 777 jets

Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.



6 years ago
Stocks dip as China slowdown deepens, German economy weak

Stocks dip as China slowdown deepens, German economy weak

World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.



6 years ago
Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs

Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs

Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday.



6 years ago