Latest News on private equities market

Expedia, TripAdvisor plummet more than 20% after the online travel companies report poor earnings

Expedia, TripAdvisor plummet more than 20% after the online travel companies report poor earnings

Expedia and TripAdvisor stocks tanked following poor third-quarter earnings after the bell Wednesday.

7 years ago
Power provider PG&E Corp raises 2019 cost estimates by over 50%; shares fall

Power provider PG&E Corp raises 2019 cost estimates by over 50%; shares fall

Power company PG&E Corp on Thursday raised its 2019 costs estimates by more than 50% related to deadly wildfires in California and its bankruptcy, sending its shares down nearly 6%.



7 years ago
Ralph Lauren profit gets boost from Chinese demand; shares rise 14%

Ralph Lauren profit gets boost from Chinese demand; shares rise 14%

Strong demand for Ralph Lauren Corp's Polo shirts and tweed jackets in China helped the high-end apparel retailer beat quarterly profit estimates on Thursday, sending its shares up nearly 14%.



7 years ago
Brazil will reevaluate signing bonuses, other parameters of offshore auctions

Brazil will reevaluate signing bonuses, other parameters of offshore auctions

The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil's mines and energy minister said on Thursday, after a round that was widely seen as disappointing.



7 years ago
Wells Fargo taps Bill Daley, former White House official, head of public affairs

Wells Fargo taps Bill Daley, former White House official, head of public affairs

Wells Fargo & Co , which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs.



7 years ago
Halloween scare: Party City plunges after slashing annual targets again

Halloween scare: Party City plunges after slashing annual targets again

Shares of Party City Holdco Inc plummeted 62% to a record low on Thursday after the party supplies retailer cut its annual revenue and profit forecasts for a second time, as fewer shoppers bought Halloween supplies at its stores this season.



7 years ago
T-Mobile in talks with Sprint on merger, does not rule out price discussions

T-Mobile in talks with Sprint on merger, does not rule out price discussions

T-Mobile US Chief Executive John Legere on Thursday acknowledged talks with Sprint Corp to extend their merger agreement and declined to rule out asking for the $26 billion price to be lowered.



7 years ago
Stocks, dollar rally on renewed U.S.-China deal hopes

Stocks, dollar rally on renewed U.S.-China deal hopes

Oil prices rose and global equity markets rallied on Thursday after China said it has agreed with the United States to cancel tariffs in phases, a key consideration in reaching an initial deal to end a trade war that has crimped economic growth.



7 years ago
Florida risk helped ruin Uber for insurer James River

Florida risk helped ruin Uber for insurer James River

A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.



7 years ago
Lufthansa cancels 700 flights on first day of cabin crew walkout

Lufthansa cancels 700 flights on first day of cabin crew walkout

Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights.



7 years ago
Power struggle escalates at German railways: sources

Power struggle escalates at German railways: sources

A power struggle has escalated at Germany's Deutsche Bahn [DBN.UL], with the position of finance chief Alexander Doll at risk, company sources said ahead of a special meeting of the supervisory board of the railway company on Thursday.



7 years ago
U.S.-China trade deal hopes restart stocks rally

U.S.-China trade deal hopes restart stocks rally

Europe's share markets hit a more than 4-year peak and bond yields shuffled higher on Thursday, as Beijing signaled a 'phase 1' trade deal with the United States was close to being sealed.



7 years ago
Ford may consider making branded pickups in China if cities open more

Ford may consider making branded pickups in China if cities open more

Ford Motor Co will consider building Ford-branded pickup trucks in China if restrictions on driving pickups in cities are relaxed and it could also roll out customized models at that time, a senior company official said.



7 years ago
China says have agreed with U.S. to cancel tariffs in different phases

China says have agreed with U.S. to cancel tariffs in different phases

China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.



7 years ago
Eu's Vestager says has received many concerns regarding Apple Pay

Eu's Vestager says has received many concerns regarding Apple Pay

Europe's antitrust chief Margrethe Vestager said on Thursday that she has received many expressions of concerns regarding iPhone maker Apple's mobile payment service.



7 years ago