Latest News on private equities market

IBM, Bank of America team up to launch financial services-specific cloud

IBM, Bank of America team up to launch financial services-specific cloud

International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp , which will be the first major bank to use the platform.



7 years ago
Wendy's sales warm on spicy chicken; burger chain looks to breakfast rollout

Wendy's sales warm on spicy chicken; burger chain looks to breakfast rollout

Wendy's Co reported strong North American sales on Wednesday, powered by spicy chicken nuggets and other special menu items, while the fast-food burger chain looks ahead to its launch of breakfast next year.



7 years ago
Risk rally pauses on U.S. data, trade talk caution

Risk rally pauses on U.S. data, trade talk caution

The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.



7 years ago
Flood of trades sends Uber to record low as insiders allowed to sell

Flood of trades sends Uber to record low as insiders allowed to sell

Uber Technologies Inc's stock dropped 3% to a record low in its busiest trading session since the ride-hailing company's Wall Street debut as employees and early investors on Wednesday became free to sell their shares.



7 years ago
Oil falls on U.S. crude build, weak euro zone data

Oil falls on U.S. crude build, weak euro zone data

Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.



7 years ago
SoftBank's Son humbled after Vision Fund's $8.9 billion loss

SoftBank's Son humbled after Vision Fund's $8.9 billion loss

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork.



7 years ago
Remain more likely than no-deal Brexit: Aviva's Fitzgerald

Remain more likely than no-deal Brexit: Aviva's Fitzgerald

There is more than a one-in-five chance that Britain remains in the European Union and there's a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.



7 years ago
Risk rally hits pause button as markets await trade signals

Risk rally hits pause button as markets await trade signals

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
Bombardier says to deliver all Swiss Railways trains by mid-2021

Bombardier says to deliver all Swiss Railways trains by mid-2021

Bombardier said on Wednesday it had alleviated technical problems that have held up deliveries of trains to Swiss Federal Railways (SBB) as the Canadian plane-and-train-maker aims to complete the long-delayed contract by mid-2021.



7 years ago
U.S. lawmakers seek to ban federal pension fund from investing in China

U.S. lawmakers seek to ban federal pension fund from investing in China

A group of U.S. lawmakers introduced legislation on Wednesday that would block a federal retirement fund from investing in Chinese stocks.



7 years ago
Regulators find gaps in Boeing's 737 MAX software documentation: sources

Regulators find gaps in Boeing's 737 MAX software documentation: sources

Regulators have asked Boeing Co to fill in gaps in the documentation on its proposed 737 MAX software fix, industry sources told Reuters, raising new questions over the planemaker's hopes to return the jet to U.S. service by year-end.



7 years ago
China urges re-elected Canadian government to free Huawei executive Meng Wanzhou

China urges re-elected Canadian government to free Huawei executive Meng Wanzhou

China's foreign ministry on Wednesday urged the re-elected Canadian government to immediately release detained Huawei [HWT.UL] executive Meng Wanzhou.



7 years ago
Second U.S. law firm plots rival London forex class action

Second U.S. law firm plots rival London forex class action

U.S law firm Hausfeld plans to battle Scott & Scott for a high-profile London class action against major banks over alleged foreign exchange (forex) rigging, a London court heard on Wednesday.



7 years ago
Keystone pipeline spill hardens landowner opposition to proposed expansion

Keystone pipeline spill hardens landowner opposition to proposed expansion

A big oil spill from the Keystone Pipeline in North Dakota last week has hardened opposition to the controversial Keystone XL expansion among landowners along its route, who say they hope to use the incident to help block or stall the project in court.



7 years ago
Controversial Versace T-shirt dents Capri's sales in China

Controversial Versace T-shirt dents Capri's sales in China

Capri Holdings Ltd blamed a controversy around a Versace T-shirt that labeled Hong Kong and Macau as countries for denting the luxury label's sales in China, adding it would now take a "very cautious" approach to its business in the country.



7 years ago