Latest News on private equities market

Qualcomm's licensing forecast, helped by Apple deal, drives share gains

Qualcomm's licensing forecast, helped by Apple deal, drives share gains

Qualcomm Inc shares rose more than 5% on Wednesday after it forecast current-quarter profit above Wall Street expectations, as its all-important licensing segment benefits from a deal with Apple Inc .



7 years ago
Acting UAW head to examine 'every inch' of union in scandal's wake

Acting UAW head to examine 'every inch' of union in scandal's wake

The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal corruption probe that has damaged the union's standing during contract talks with Detroit's automakers.



7 years ago
GoDaddy shares surge on biggest buyback plan

GoDaddy shares surge on biggest buyback plan

GoDaddy Inc on Wednesday announced its biggest ever share buyback of $500 million and reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.



7 years ago
Italian PM says ArcelorMittal wants mass layoffs, govt rejects demand

Italian PM says ArcelorMittal wants mass layoffs, govt rejects demand

Steel giant ArcelorMittal wants to cut 5,000 jobs in Italy because of low production levels at its Taranto plant, Italian Prime Minister Giuseppe Conte said on Wednesday, denouncing the plan as "unacceptable".



7 years ago
Roku quarterly net loss widens, overshadows earnings beat

Roku quarterly net loss widens, overshadows earnings beat

U.S. video streaming service Roku Inc reported a wider net loss in the third quarter on Wednesday, as it spent more to attract subscribers to its video streaming platform.



7 years ago
Canada's Trudeau cites 'positive momentum' on trade deal as U.S. official visits

Canada's Trudeau cites 'positive momentum' on trade deal as U.S. official visits

Canadian Prime Minister Justin Trudeau on Wednesday cited "positive momentum" in the U.S. process to ratify a new North American trade deal, which has been in limbo for months amid concerns over labor standards.



7 years ago
Senate leader McConnell backs bill to protect coal miner pensions

Senate leader McConnell backs bill to protect coal miner pensions

Senate majority leader Mitch McConnell joined a bipartisan group of senators on Wednesday in introducing a bill to secure the pensions for nearly 90,000 retired coal miners as a recent wave of coal company bankruptcies threatens the solvency of the federal pension fund.



7 years ago
Investors left exposed as Trump's SEC gives America Inc a helping hand

Investors left exposed as Trump's SEC gives America Inc a helping hand

The United States' top market cop is slowly taking the shackles off corporations.



7 years ago
SoftBank CEO Son says his judgment on WeWork was poor in many ways

SoftBank CEO Son says his judgment on WeWork was poor in many ways

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc.



7 years ago
Adidas sees soccer boost after stumble on Kanye West shoes

Adidas sees soccer boost after stumble on Kanye West shoes

German sportswear company Adidas expects a boost to sales from new soccer merchandise ahead of the 2020 European championships after quarterly growth was held back by a weaker performance from Yeezy shoes designed by Kanye West.



7 years ago
Huawei founder says not yet talking directly with U.S. firms to license 5G

Huawei founder says not yet talking directly with U.S. firms to license 5G

Huawei Technologies Co Ltd is not yet directly engaged with any U.S. company over the firm's proposal to ease concerns about the security of its platform by licensing its 5G network technology, its founder and CEO Ren Zhengfei said on Wednesday.



7 years ago
China regulator warns e-commerce platforms to stop monopolistic practices

China regulator warns e-commerce platforms to stop monopolistic practices

China has warned top e-commerce platforms including Alibaba and JD.com to stop practices that could be deemed as monopolistic, as industry frictions grow ahead of the country's banner Singles Day shopping event on Nov. 11.



7 years ago
Facebook executives planned 'switcharoo' on data policy change: court filings

Facebook executives planned 'switcharoo' on data policy change: court filings

Facebook Inc began cutting off access to user data for app developers from 2012 to squash potential rivals while presenting the move to the general public as a boon for user privacy, according to court documents reviewed by Reuters.



7 years ago
New York Times beats profit estimates on higher digital subscriptions

New York Times beats profit estimates on higher digital subscriptions

The New York Times Co beat third-quarter profit estimates on Wednesday, as more people signed up for the newspaper's digital subscription, priced as low as $2 a week.



7 years ago
Risk rally pauses as markets await signals on trade

Risk rally pauses as markets await signals on trade

Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks.



7 years ago