Latest News on private equities market

UPS COO's retirement overshadows e-commerce fueled profit rise

UPS COO's retirement overshadows e-commerce fueled profit rise

United Parcel Service Inc's e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world's biggest parcel delivery firm's next leader, would retire at year-end.



7 years ago
Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip

Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip

Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but shares fell in premarket trading after it forecast lower cash flow next year.



7 years ago
Trade tensions, jibes at U.S. overshadow Chinese cyber conference

Trade tensions, jibes at U.S. overshadow Chinese cyber conference

At one of the world's showpiece tech conferences in China, jibes at the United States for its 'bully behavior' lent a Cold War tone to proceedings as trade tension once again reared its ugly head in an event that drew a dearth of top U.S. executives.



7 years ago
Oil rises on optimism about prospects for a U.S.-China deal

Oil rises on optimism about prospects for a U.S.-China deal

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States, but gains were capped by bearish forecasts of a buildup in U.S. crude stockpiles.



7 years ago
SoftBank clinches WeWork takeover deal, bailing out co-founder

SoftBank clinches WeWork takeover deal, bailing out co-founder

SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control.



7 years ago
Asian shares struggle after yet another Brexit delay

Asian shares struggle after yet another Brexit delay

Asian shares and U.S. stock futures dipped on Wednesday after British lawmakers rejected the government's timetable to fast-track legislation for its deal to take Britain out of the European Union.



7 years ago
SoftBank shares fall as it doubles down on WeWork

SoftBank shares fall as it doubles down on WeWork

Shares of SoftBank Group Corp fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10 billion.



7 years ago
Oil slips after U.S. inventory build, but possible OPEC cuts support market

Oil slips after U.S. inventory build, but possible OPEC cuts support market

Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.



7 years ago
U.S. defense chief recuses himself from review of $10 billion cloud computing contract

U.S. defense chief recuses himself from review of $10 billion cloud computing contract

U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing deal because of a possible conflict of interest, a move that could further delay the contract-award process.



7 years ago
Exclusive: U.S. states plan Google antitrust meeting next month in Colorado - sources

Exclusive: U.S. states plan Google antitrust meeting next month in Colorado - sources

U.S. state attorneys general probing Alphabet's Google plan to meet next month in Colorado to discuss a probe into whether the search giant's business practices break antitrust law, according to three sources knowledgeable about the meeting.



7 years ago
U.S. House votes to advance bill curbing anonymous shell companies

U.S. House votes to advance bill curbing anonymous shell companies

The U.S. House voted on Tuesday to advance legislation that would require most companies to disclose who actually owns them, as well as handing banks a long-sought update to anti-money laundering rules.



7 years ago
Boeing ousts senior executive as 737 MAX crisis grows

Boeing ousts senior executive as 737 MAX crisis grows

Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.



7 years ago
Nike's Parker hands over CEO role to former eBay chief

Nike's Parker hands over CEO role to former eBay chief

Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by board member and former eBay CEO John Donahoe, who will be tasked with strengthening the sportswear maker's online strategy.



7 years ago
Wall Street slips after rejection of Brexit timetable

Wall Street slips after rejection of Brexit timetable

U.S. stocks ended lower on Tuesday, giving up early gains after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.



7 years ago
Exclusive: Trump's G7 and trade adviser Kelly Ann Shaw to leave White House - officials

Exclusive: Trump's G7 and trade adviser Kelly Ann Shaw to leave White House - officials

President Donald Trump's G7 and trade adviser, Kelly Ann Shaw, is leaving his administration for a position in the private sector, White House officials said on Tuesday, marking the departure of one of the most senior women on the president's economic team.



7 years ago