Latest News on private equities market

UTC says Boeing 737 MAX production could remain at current levels

UTC says Boeing 737 MAX production could remain at current levels

United Technologies believes Boeing will still make 737 MAX planes at its current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying some fears of a complete halt in production.



6 years ago
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.



6 years ago
McDonald's posts rare profit miss, shares down 4%

McDonald's posts rare profit miss, shares down 4%

McDonald's Corp reported a quarterly profit that missed Wall Street estimates for the first time in two years as it invested heavily in sprucing up U.S. outlets and speeding up delivery, sending its shares down 4%.



6 years ago
European stocks inch up on earnings, sterling hovers before Brexit votes

European stocks inch up on earnings, sterling hovers before Brexit votes

European shares eked out small gains on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.



6 years ago
Not well? Your credit card debt could be making you sick

Not well? Your credit card debt could be making you sick

Americans are taking on ever-increasing amounts of debt and it's harming their overall health and relationships, according to researchers.

6 years ago
P&G raises full-year forecast after beauty, healthcare brands drive profit beat

P&G raises full-year forecast after beauty, healthcare brands drive profit beat

Procter & Gamble Co on Tuesday raised its full-year sales and profit forecasts after a better-than-expected first quarter, powered by demand for its premium beauty and toothpaste brands.



6 years ago
Hasbro misses profit estimates as costs jump on tariff threat

Hasbro misses profit estimates as costs jump on tariff threat

Hasbro Inc fell short of Wall Street estimates for quarterly profit on Tuesday, as the threat of tariffs on toys imported from China ramped up shipping and warehousing costs, sending its shares down 7%.



6 years ago
Exxon, New York prosecutors face off in climate change fraud trial

Exxon, New York prosecutors face off in climate change fraud trial

A lawyer for New York's attorney general on Tuesday told a state judge Exxon Mobil Corp used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major assailed the claims as false and politically motivated.



6 years ago
Nike CEO Mark Parker to step down, John Donahoe to take over

Nike CEO Mark Parker to step down, John Donahoe to take over

Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc , the footwear and apparel maker said on Tuesday.



6 years ago
Oil prices rise as OPEC mulls deeper output cuts

Oil prices rise as OPEC mulls deeper output cuts

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.



6 years ago
Boeing replaces senior executive as 737 MAX crisis grows

Boeing replaces senior executive as 737 MAX crisis grows

Boeing's top commercial airplanes executive, Kevin McAllister, is leaving the company as the planemaker grapples with the fallout from two fatal crashes of its 737 MAX, the company said on Tuesday.



6 years ago
U.S. charges six investment bankers over insider trading scheme

U.S. charges six investment bankers over insider trading scheme

U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group , Moelis and Centerview Partners and allegedly booked tens of millions of dollars in illicit profits.



6 years ago
Cramer says Biogen's Alzheimer's treatment could be 'the biggest drug ever' as shares soar nearly 30%

Cramer says Biogen's Alzheimer's treatment could be 'the biggest drug ever' as shares soar nearly 30%

Drugmaker Biogen announced it is seeking regulatory approval for its Alzheimer's drug, months after it stopped testing the treatment.

6 years ago
U.S. Defense chief won't review $10 billion cloud computing deal due to conflict of interest

U.S. Defense chief won't review $10 billion cloud computing deal due to conflict of interest

U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing contract because of a possible conflict of interest, the Pentagon said on Tuesday.



6 years ago
SoftBank clinches deal to take over WeWork: sources

SoftBank clinches deal to take over WeWork: sources

SoftBank Group Corp has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.



6 years ago