Latest News on private equities market

Effort to disqualify lawyer part of U.S. campaign against Huawei: counsel

The effort to stop a former U.S. Justice Department official from representing Huawei is another step in a broader U.S. government campaign against the Chinese company, a lawyer for Huawei argued on Wednesday.



6 years ago

U.S. safety agency cites Tesla Autopilot design as factor in 2018 California crash

The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc's Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.



6 years ago

U.S. sues to stop Novelis purchase of Aleris

The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc's [NVLXC.UL] proposed $2.6 billion purchase of Aleris Corp because of concern over higher prices for aluminum sheet used to make cars.



6 years ago

Fed's rate-cut debate focuses on 'robust' U.S. consumer

Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting.



6 years ago

U.S. imposes duties on structural steel from China, Mexico

The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value.



6 years ago

GM CEO Barra set to hold White House meetings on Thursday: sources

General Motors chief executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising fuel efficiency standards, three people briefed on the matter said.



6 years ago

New York City sues T-Mobile over 'rampant' customer sales abuses

New York City sued T-Mobile USA Inc on Wednesday, accusing the fourth-largest U.S. mobile phone company of engaging in "rampant" sales abuses of customers for its lower-priced, prepaid wireless brand, Metro by T-Mobile.



6 years ago

Slack forecasts bigger third-quarter loss, slowing revenue growth; shares tumble

Slack Technologies Inc forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in its first report as a public company on Wednesday, as it faces intense competition from Microsoft Corp and others.



6 years ago

U.S. biodiesel industry leaders urge Trump's EPA to lift biodiesel mandate

U.S. biodiesel industry leaders told an Environmental Protection Agency regional administrator in Houston on Wednesday that they want the Trump administration to boost the volume of biodiesel that oil refiners must blend into their fuel each year, two sources familiar with the matter said.



6 years ago

Nissan CEO Saikawa admits to misconduct in compensation: Jiji

Nissan Motor Co Chief Executive Hiroto Saikawa admitted to misconduct involving stock-related compensation and said he planned to return the portion he had wrongfully received, Jiji news agency reported.



6 years ago

Big investment banks have worst start to year since 2006

The world's largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition on Thursday.



6 years ago

GM CEO Barra set to hold White House meetings Thursday with Trump: sources

General Motors Chief Executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising vehicle fuel efficiency standards, three people briefed on the matter said.



6 years ago

Exclusive: In U-turn, Ford ditches plan to unify China sales system after partners push back

Ford Motor Co has scrapped a plan to create a unified national sales company for China that stoked mistrust of the automaker at its joint venture partners and contributed to a spectacular collapse in sales in the world's biggest car market.



6 years ago

Dozen Goldman partners could possibly exit by 2019-end: WSJ

As many as a dozen partners at Goldman Sachs Group Inc are negotiating an exit from the bank and are likely to leave by the end of 2019, the Wall Street Journal reported on Wednesday.



6 years ago

Mexico's government says U.S. duties on structural steel part of normal investigation

Mexico's government said on Wednesday that new duties imposed on some Mexican structural steel by the U.S. Commerce Department are part of a normal investigation when an industry feels it is being affected by imports that use unfair practices, such as dumping or subsidies.



6 years ago