Latest News on private equities market

Trump administration official resigns, calls for student debt forgiveness

Trump administration official resigns, calls for student debt forgiveness

A. Wayne Johnson had been COO of the Office of Federal Student Aid, which manages the country's $1.6 trillion outstanding student loan portfolio.

6 years ago
Car parts maker Valeo says sales up but warns of GM strike impact

Car parts maker Valeo says sales up but warns of GM strike impact

French car parts supplier Valeo cautioned on Thursday that the General Motors strike was currently costing it around 160 million euros ($178 million) in sales and around 50 million euros in operating margin terms.



6 years ago
Intel data center rebound eases U.S.-China trade war worries

Intel data center rebound eases U.S.-China trade war worries

Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, powered by sales to data centers and easing concerns about slowing demand during the U.S.-China trade war.



6 years ago
U.S. senators ask FTC to probe Amazon over Capital One hack

U.S. senators ask FTC to probe Amazon over Capital One hack

Two U.S. senators on Thursday asked the U.S. Federal Trade Commission to probe Amazon.com Inc to determine if the company failed to secure its servers prior to the Capital One hack.



6 years ago
Under pressure, Barclays restores UK post office cash withdrawals

Under pressure, Barclays restores UK post office cash withdrawals

Barclays on Thursday said it will maintain customers' ability to withdraw cash from Britain's Post Office branches, reversing a change announced earlier this month that angered the public and lawmakers amid cuts to the lender's branch network.



6 years ago
SpaceX to test astronaut capsule next week, a critical milestone after April explosion

SpaceX to test astronaut capsule next week, a critical milestone after April explosion

In about a week SpaceX expects to conduct a key test of the capsule it is developing to launch astronauts, CNBC has learned.

6 years ago
Fortum CEO says Uniper obstructed proposed purchase: Kommersant

Fortum CEO says Uniper obstructed proposed purchase: Kommersant

Uniper deliberately obstructed Fortum's proposed purchase of a stake in the German utility by registering assets in Russia as strategic, Kommersant daily quoted Fortum CEO Pekka Lundmark as saying on Thursday.



6 years ago
Vice President Pence says Trump hopes to tackle China IP theft after 'Phase 1' deal

Vice President Pence says Trump hopes to tackle China IP theft after 'Phase 1' deal

U.S. Vice President Mike Pence said on Tuesday that the Trump administration is aiming to complete a 'Phase 1' deal with China on agricultural purchases next month in Chile and move on to tackle intellectual property theft issues dividing the world's two largest economies.



6 years ago
Wall Street mixed on earnings reports; trade worries resurface

Wall Street mixed on earnings reports; trade worries resurface

The S&P 500 and Nasdaq index rose on Thursday, boosted by gains in Microsoft and PayPal, but Vice President Mike Pence's comments on China rekindled worries ahead of trade talks.



6 years ago
Rosneft switches contracts to euros from dollars due to U.S. sanctions

Rosneft switches contracts to euros from dollars due to U.S. sanctions

Russia's largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its Chief Executive Igor Sechin said on Thursday.



6 years ago
Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk's promise of a profit in the third quarter, even as doubts remained about its long-term prospects.



6 years ago
CVS, Rite Aid pull all 22-ounce J&J baby powder from stores

CVS, Rite Aid pull all 22-ounce J&J baby powder from stores

CVS Health Corp and Rite Aid Corp are removing all 22-ounce bottles of Johnson & Johnson's baby powder from their stores, following the healthcare conglomerate's recall last week of some bottles due to possible asbestos contamination.



6 years ago
Stanford Report Highlights Blockchain’s Potential for Social Impact

Stanford Report Highlights Blockchain’s Potential for Social Impact

Stanford Center of Social Innovation | Doug J. Galen and others | Sep 2019 Over the last five years, the promise of blockchain technology has swept the social impact world, with many innovators experimenting to find use cases for this uniquely secure technology. This has resulted in hundreds of new organizations, ventures, and initiatives (referred

6 years ago
How to Value a Fintech Startup

How to Value a Fintech Startup

Toptal Finance | Nirvikar Jain Fintech is a popular contemporary buzzword and many of its products touch our lives every day. A fintech simply refers to a company that operates in the financial services sector and leverages the power of technology to simplify, automate, and improve the delivery of financial services to end customers. Further,

6 years ago
U.S. business investment still weak; jobless claims fall

U.S. business investment still weak; jobless claims fall

New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains soft amid the fallout from the U.S.-China trade war but other data on Thursday showed the spat has yet to have much effect on the overall jobs market.



6 years ago