Latest News on private equities market

Drug firms avert landmark opioid trial as talks on $48-billion settlement set to resume

Drug firms avert landmark opioid trial as talks on $48-billion settlement set to resume

Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic.



6 years ago
Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand.



6 years ago
U.S. allows Chevron to drill for oil in Venezuela for three more months

U.S. allows Chevron to drill for oil in Venezuela for three more months

The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.



6 years ago
Howard Hughes announces management reshuffle, to sell assets worth $2 billion

Howard Hughes announces management reshuffle, to sell assets worth $2 billion

Howard Hughes Corp , which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle.



6 years ago
Santander to sell Puerto Rico unit to FirstBank in $1.1 billion deal

Santander to sell Puerto Rico unit to FirstBank in $1.1 billion deal

Banco Santander said on Monday it had agreed to sell Santander Bancorp, the Spanish lender's retail and commercial banking franchise in Puerto Rico, to FirstBank Puerto Rico in a deal valued at $1.1 billion.



6 years ago
China asks WTO for $2.4 billion sanctions against U.S. in latest clash

China asks WTO for $2.4 billion sanctions against U.S. in latest clash

China is seeking $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization ruling in a case that highlights White House complaints about the global trade body.



6 years ago
UBS, Simmons Energy pare bankers as shale M&A slows: sources

UBS, Simmons Energy pare bankers as shale M&A slows: sources

UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.



6 years ago
Colorado abandons legal effort to stop Sprint, T-Mobile merger

Colorado abandons legal effort to stop Sprint, T-Mobile merger

Colorado became on Monday the second state to drop out of an effort by state attorneys general to stop T-Mobile US Inc's $26 billion merger with Sprint Corp .



6 years ago
Oil prices fall 1% as global demand concerns grow

Oil prices fall 1% as global demand concerns grow

Oil prices fell more than 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, prompting renewed concern that a slowing global economy would reduce demand for oil.



6 years ago
11 tips for 11 million women – how female entrepreneurs can beat the odds

11 tips for 11 million women – how female entrepreneurs can beat the odds

Women are currently majority owners of 38% of U.S. small businesses, up from 29% in 2007. Yet the road for women entrepreneurs is uphill, with around 20% of businesses failing in the first year. Here are 11 tips to beat these odds.

6 years ago
Deutsche Bank plans job cuts of at least 10% in rates unit: Bloomberg

Deutsche Bank plans job cuts of at least 10% in rates unit: Bloomberg

Deutsche Bank AG said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender's sweeping revamp in July, Bloomberg reported on Monday.



6 years ago
Colorado drops out of states' fight to stop Sprint, T-Mobile merger

Colorado drops out of states' fight to stop Sprint, T-Mobile merger

Colorado has decided to drop out of an effort by state attorneys general to T-Mobile US's merger with Sprint in exchange for 2,000 jobs, the Colorado attorney general's office said in a statement.



6 years ago
Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.



6 years ago
Apple starts selling locally assembled iPhone XR in India

Apple starts selling locally assembled iPhone XR in India

Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled against cheaper products from rivals.



6 years ago
This small stock may have just won earnings season already surging 31% in a single day

This small stock may have just won earnings season already surging 31% in a single day

PetMed Express soared more than 30% on Monday after the online pet pharmacy said its quarterly profit topped Wall Street's estimates.

6 years ago