Latest News on private equities market

France's Le Maire urges global deal on tech tax after 'very good' proposals

France's Le Maire urges global deal on tech tax after 'very good' proposals

France's Finance Minister Bruno Le Maire said proposals unveiled on Wednesday by the Organisation for Economic Cooperation and Development (OECD) for a global overhaul of digital taxation were "very good" and urged the body's members to reach a deal early next year.



7 years ago
American Airlines cancels Boeing 737 MAX flights until Jan. 16

American Airlines cancels Boeing 737 MAX flights until Jan. 16

American Airlines Group Inc said Wednesday it is extending cancellations of Boeing 737 MAX flights through Jan. 15 as regulators continue to extensively review proposed software changes to the grounded plane.



7 years ago
New Thyssenkrupp CEO prepares ground for major job cuts

New Thyssenkrupp CEO prepares ground for major job cuts

New Thyssenkrupp chief executive Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such a step was necessary for a much-needed turnaround.



7 years ago
Analyst rates Peloton a 'buy' even after acknowledging it may not turn a profit for five years

Analyst rates Peloton a 'buy' even after acknowledging it may not turn a profit for five years

Baird initiated coverage on Peloton with an outperform rating and $28 target, saying that while the company might not be profitable for 5 years, there's a "sizable potential market" and

7 years ago
French finance minister says up to Renault's board to decide on management changes

French finance minister says up to Renault's board to decide on management changes

It was not up to the French state to interfere in management decisions at Renault , France's Finance minister said on Wednesday, following a report in business daily Le Figaro that the carmaker's CEO Thierry Bollore may be replaced soon.



7 years ago
China's Hikvision sees only limited impact from U.S. blacklisting

China's Hikvision sees only limited impact from U.S. blacklisting

Chinese video surveillance company Hikvision will only suffer a limited, short-term hit after being blacklisted by the U.S. government and will strive to get the ban lifted, its general manager said on Wednesday.



7 years ago
Multinationals face heftier tax hit in biggest overhaul for decades

Multinationals face heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.



7 years ago
Factbox: International tax faces biggest shake-up in decades under OECD plan

Factbox: International tax faces biggest shake-up in decades under OECD plan

The Organisation for Economic Cooperation (OECD) has proposed overhauling rules for taxing cross-border corporate income to bring them into line with the digital age.



7 years ago
JP Morgan cuts Disney earnings estimates and warns other analysts may too

JP Morgan cuts Disney earnings estimates and warns other analysts may too

J.P. Morgan said the launch of streaming platform Disney+ and the aquistition of the Fox entertainment assets is causing near-term financial uncertainty.

7 years ago
Stocks grind higher as investors cling to trade truce hopes

Stocks grind higher as investors cling to trade truce hopes

Stocks gained on Wednesday as investors clung to hopes that the United States and China could yet agree some sort of trade deal, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.



7 years ago
FedEx downgraded by Bernstein: 'Bull thesis has been shredded'

FedEx downgraded by Bernstein: 'Bull thesis has been shredded'

Bernstein downgraded FedEx shares to market-perform from outperform on Wednesday.

7 years ago
Exxon names BAML to run Malaysia asset sales: sources

Exxon names BAML to run Malaysia asset sales: sources

Exxon Mobil has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.



7 years ago
Rescue talks for Thomas Cook Germany are going well: liquidator

Rescue talks for Thomas Cook Germany are going well: liquidator

Talks with potential strategic and private equity investors to rescue Thomas Cook's German tour business going well and many investors have expressed interest in the company as a whole or in its branches, the insolvent company's liquidator said.



7 years ago
California power cutoff begin as wildfire risks rise

California power cutoff begin as wildfire risks rise

Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said.



7 years ago
BT seeks to repair customer ties with new services and products

BT seeks to repair customer ties with new services and products

The boss of Britain's biggest telecoms provider BT on Wednesday set out plans to improve the company's relationship with customers with new superfast services, more technical support and a return of its brand to the high street.



7 years ago