Latest News on private equities market

Oil plummets 6% as Saudi says oil production fully restored

Oil plummets 6% as Saudi says oil production fully restored

Oil prices dropped about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output.



7 years ago
Aramco IPO will be ready within coming 12 months: chairman

Aramco IPO will be ready within coming 12 months: chairman

Saudi Aramco chairman Yassir al-Rumayyan said on Tuesday a planned initial public offering (IPO) of the state oil giant would be ready within the coming 12 months and that the kingdom was committed to the listing.



7 years ago
U.S. official says Washington believes Saudi attacks came from southwest Iran

U.S. official says Washington believes Saudi attacks came from southwest Iran

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday.



7 years ago
Toyota invests $391 million at its Texas truck assembly plant

Toyota invests $391 million at its Texas truck assembly plant

Toyota Motor Corp said on Tuesday it was investing $391 million at its truck assembly plant in San Antonio, Texas, as part of the Japanese automaker's plan to invest $13 billion in its U.S. operations over five years through 2021.



7 years ago
Wall Street mixed as investors await interest rate cut

Wall Street mixed as investors await interest rate cut

Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.



7 years ago
Juul's sales halted in China days after launch

Juul's sales halted in China days after launch

U.S. e-cigarette maker Juul Labs Inc said on Tuesday its products were not currently available on e-commerce web sites in China, days after it entered the world's single-largest market for tobacco consumption with over 300 million smokers.



7 years ago
Uber drivers are protesting again — here's how much drivers earn and what the job is really like

Uber drivers are protesting again — here's how much drivers earn and what the job is really like

CNBC spoke with Uber drivers about how their financial lives are faring.

7 years ago
U.S. manufacturing production rebounds, outlook remains weak

U.S. manufacturing production rebounds, outlook remains weak

U.S. manufacturing output increased solidly in August, boosted by a surge in the production of machinery and other goods, but the outlook for factories remains weak amid rising headwinds from trade tensions and slowing global economies.



7 years ago
Walmart likely discriminated against female workers, U.S. agency says

Walmart likely discriminated against female workers, U.S. agency says

Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.



7 years ago
Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources

Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources

Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, people familiar with the matter said on Monday.



7 years ago
White House says not involved in contract talks with GM, UAW union

White House says not involved in contract talks with GM, UAW union

The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said.



7 years ago
HSBC has started 'strategic review' of French retail operation: unions

HSBC has started 'strategic review' of French retail operation: unions

HSBC has initiated a strategic review of its French retail operation, French unions said on Tuesday.



7 years ago
U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the Trump administration.



7 years ago
U.S. 'falling behind' in global race to develop electric vehicle supply chain

U.S. 'falling behind' in global race to develop electric vehicle supply chain

The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.



7 years ago
Wall Street subdued as focus shifts to Fed

Wall Street subdued as focus shifts to Fed

U.S. stocks were little changed on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.



7 years ago