Latest News on private equities market

AIG's profit misses estimates on life unit review, catastrophe losses

AIG's profit misses estimates on life unit review, catastrophe losses

American International Group Inc missed analysts' estimates for third-quarter profit on Friday due to weakness in the insurer's life and retirement unit and a difficult period for catastrophe losses.



6 years ago
Analysts slam Shell over buyback delay warning

Analysts slam Shell over buyback delay warning

Analysts on Friday slammed Royal Dutch Shell's warning of possible delays to its $25 billion share buyback as an unnecessary step that undermines the energy giant's management.



6 years ago
Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion

Singapore's Ascendas REIT to buy business parks from CapitaLand for $1.2 billion

Ascendas Real Estate Investment Trust said on Friday it is buying 30 business parks in the United States and Singapore for about S$1.66 billion ($1.22 billion) from its controlling unit holder CapitaLand Ltd .



6 years ago
U.S. October job growth beats expectations despite GM strike

U.S. October job growth beats expectations despite GM strike

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy.



6 years ago
No talks have taken place on ousting Fed's Powell: White House adviser

No talks have taken place on ousting Fed's Powell: White House adviser

A White House official said on Friday no discussions have taken place about ousting U.S. Federal Reserve Chairman Jerome Powell after President Donald Trump expressed disappointment in him and criticized the central bank's latest interest rate cut.



6 years ago
Exxon, Chevron earnings fall on lower oil and gas prices

Exxon, Chevron earnings fall on lower oil and gas prices

Exxon Mobil Corp and Chevron Corp on Friday posted sharply lower quarterly results despite increases in oil and gas production as lower energy prices soured results for most oil majors.



6 years ago
Oil rises 2% on U.S.-China trade hopes, but set for weekly drop

Oil rises 2% on U.S.-China trade hopes, but set for weekly drop

Oil prices rose 2% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.



6 years ago
Google taps fitness tracker market with $2.1 billion bid for Fitbit

Google taps fitness tracker market with $2.1 billion bid for Fitbit

Alphabet Inc-owned Google will buy Fitbit Inc for $2.1 billion, as the biggest Web search company looks to take on Apple and Samsung in the crowded market for fitness trackers and smart watches.



6 years ago
AbbVie 2019 revenue forecast tops Wall Street estimates while it eyes future Botox sales

AbbVie 2019 revenue forecast tops Wall Street estimates while it eyes future Botox sales

AbbVie Inc on Friday forecast 2019 revenue above Wall Street estimates and expressed confidence in future sales of blockbuster wrinkle treatment Botox, which it will acquire with its $63 billion purchase of Allergan Plc .



6 years ago
Fed's Kaplan says he supported rate cut only if Fed signaled nothing further

Fed's Kaplan says he supported rate cut only if Fed signaled nothing further

Dallas Federal Reserve Bank President Robert Kaplan said on Friday he went along with the U.S. central bank's rate cut this week contingent on the Fed signaling that no further decreases to borrowing costs were likely, barring a material change in the economic outlook.



6 years ago
Oil rises 3% on U.S.-China trade hopes, but set for weekly drop

Oil rises 3% on U.S.-China trade hopes, but set for weekly drop

Oil prices rose nearly 3% on Friday on signs of progress in U.S.-China trade talks and stronger-than-expected economic data in both countries, including U.S. employment and Chinese manufacturing activity numbers.



6 years ago
Shell appoints new head of downstream business

Shell appoints new head of downstream business

Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream business, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy.



6 years ago
AbbVie lifts 2019 profit forecast as Humira helps beat revenue estimates

AbbVie lifts 2019 profit forecast as Humira helps beat revenue estimates

AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira's revenue.



6 years ago
After three rate cuts, Fed policymakers are done for now

After three rate cuts, Fed policymakers are done for now

Speaking in events across the country, Federal Reserve policymakers hammered home the message that Fed Chair Jerome Powell delivered earlier this week: that after cutting borrowing costs three times this year, the Fed is now done.



6 years ago
Trump's move to Florida could run into resistance from New York

Trump's move to Florida could run into resistance from New York

There are plenty of reasons why President Donald Trump would leave the Empire State: the cold winters, the traffic and the high taxes. State auditors may not let him go without a fight.

6 years ago