Latest News on private equities market

Fiat Chrysler calls board meeting on Peugeot tie-up: sources

Fiat Chrysler calls board meeting on Peugeot tie-up: sources

Italy's Fiat Chrysler has called a board meeting for late Wednesday to discuss a possible tie-up with French rival Peugeot , two sources familiar with the matter said.



6 years ago
Fed Chairman Powell is 'overdue for a press conference gaffe,' says Wells Fargo

Fed Chairman Powell is 'overdue for a press conference gaffe,' says Wells Fargo

On the eve of the Fed's announcement, some on Wall Street started to get flashbacks to Chairman Jerome Powell's communication miscues.

6 years ago
Ghosn denies report of improper use of Nissan money

Ghosn denies report of improper use of Nissan money

Former Nissan Motor Co Ltd boss Carlos Ghosn denied any impropriety over payments he made during his time at the automaker, following a newspaper report that Japanese tax authorities determined he used company money for private use.



6 years ago
Facebook agrees to pay UK fine over Cambridge Analytica scandal

Facebook agrees to pay UK fine over Cambridge Analytica scandal

Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights regulator said on Wednesday.



6 years ago
Oil slips on cloudy U.S.-China trade picture

Oil slips on cloudy U.S.-China trade picture

Oil prices fell on Wednesday as worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand, competed with a price-supporting drop in U.S. crude inventories.



6 years ago
GrubHub, Pizza Hut troubles dent Yum profits; shares fall

GrubHub, Pizza Hut troubles dent Yum profits; shares fall

Yum Brands Inc missed third-quarter profit expectations on Wednesday, hit by a write down in the value of its investment in delivery company GrubHub and unrelenting troubles at its Pizza Hut chain.



6 years ago
General Electric CEO does not expect 737 MAX to be in service this year

General Electric CEO does not expect 737 MAX to be in service this year

General Electric Co is not planning for the Boeing Co 737 MAX jetliner to return to service this year, GE Chief Executive Officer Larry Culp said during an earnings phone conference on Wednesday.



6 years ago
Consumers prop up U.S. economy as business spending retrenches

Consumers prop up U.S. economy as business spending retrenches

U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession.



6 years ago
Former Exxon chief Rex Tillerson testifies in climate change fraud trial

Former Exxon chief Rex Tillerson testifies in climate change fraud trial

Former Exxon Mobil Corp Chief Executive Rex Tillerson took the witness stand in Manhattan state court on Wednesday to testify in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.



6 years ago
Facebook beats on profit as cost growth slows; shares rise

Facebook beats on profit as cost growth slows; shares rise

Facebook Inc reported better-than-expected quarterly revenue on Wednesday and a rise in profit as growth in expenses slowed from a year earlier and the number of users ticked higher, assuaging investor fears of fallout from fierce scrutiny by regulators and lawmakers.



6 years ago
PSA could help Fiat Chrysler modernize its vehicle platforms

PSA could help Fiat Chrysler modernize its vehicle platforms

A proposed merger between France's Groupe PSA and Fiat Chrysler Automobiles would give FCA access to Peugeot’s more modern and flexible vehicle architectures, potentially enabling the combined companies to achieve lower costs through higher production volumes, a global auto analyst said on Wednesday.



6 years ago
Ford shutters oldest Brazil plant as revival bid faces doubts

Ford shutters oldest Brazil plant as revival bid faces doubts

Ford Motor Co on Wednesday said it was shutting down its oldest plant in Brazil later in the day as planned, with prospects for saving any of the jobs in doubt as talks with a potential buyer have fallen behind schedule.



6 years ago
Peugeot, FCA accelerate merger talks: sources

Peugeot, FCA accelerate merger talks: sources

The boards of French automaker Peugeot SA and Fiat Chrysler Automobiles NV on Wednesday agreed to pursue a $50 billion merger, sources familiar with the matter said, a deal that could transform the global auto industry.



6 years ago
Lyft attracts riders, trumps revenue estimates as costs soar

Lyft attracts riders, trumps revenue estimates as costs soar

Ride-hailing company Lyft Inc blew past Wall Street estimates for third-quarter revenue on Wednesday, but promotional costs rose as it battled Uber Technologies Inc to attract more customers.



6 years ago
U.S. handling of tariffs raises appearance of 'improper influence': watchdog

U.S. handling of tariffs raises appearance of 'improper influence': watchdog

Lack of transparency in the Commerce Department's handling of steel and aluminum tariffs raised the appearance that certain companies may have had "improper influence" in the process, its internal watchdog said in a document made public on Wednesday.



6 years ago