Latest News on private equities market

BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp

BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp

British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.



7 years ago
Fed divided on policy, discount rate votes show

Fed divided on policy, discount rate votes show

U.S. central bankers may have been more deeply divided than previously understood over the decision last month to cut interest rates for the first time in more than a decade, records from meetings held across the Fed's 12 regional Fed banks suggest.



7 years ago
Explainer: Ex-Google engineer faces severe penalties in self-driving trade secrets case

Explainer: Ex-Google engineer faces severe penalties in self-driving trade secrets case

U.S. prosecutors on Tuesday brought a criminal case against a former high-ranking Google engineer, alleging he stole confidential technology from the company's self-driving car unit before joining rival Uber Technologies Inc .



7 years ago
Ex-Google engineer charged with taking stolen self-driving secrets to Uber

Ex-Google engineer charged with taking stolen self-driving secrets to Uber

The U.S. Department of Justice on Tuesday filed criminal charges accusing Anthony Levandowski, a pioneer in self-driving car technology, of stealing trade secrets from his former employer Google before joining rival Uber Technologies Inc .



7 years ago
Wall Street slips as financials drag, trade outlook clouds

Wall Street slips as financials drag, trade outlook clouds

Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty over any progress in trade negotiations between the United States and China took a toll.



7 years ago
Oil futures extend gains on larger-than-expected U.S. crude draw

Oil futures extend gains on larger-than-expected U.S. crude draw

Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.



7 years ago
Deutsche Bank says records sought in Trump congressional probe include tax returns

Deutsche Bank says records sought in Trump congressional probe include tax returns

Financial records related to U.S. President Donald Trump and three of his children that congressional Democrats have requested from Deutsche Bank AG include tax returns, the bank disclosed in a court filing on Tuesday.



7 years ago
Papa John's hires Arby's head as CEO to drive turnaround

Papa John's hires Arby's head as CEO to drive turnaround

Papa John's International Inc on Tuesday named Arby's Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending shares of the world's third-largest pizza chain up nearly 10%.



7 years ago
Stocks trade flat as recession fears simmer, gold gains

Stocks trade flat as recession fears simmer, gold gains

A gauge of global equities traded little changed on Tuesday, pulled lower by sliding stocks on Wall Street as prospects of a U.S.-China trade deal remained uncertain and demand for U.S. Treasuries and precious metals rose on recession fears.



7 years ago
American Airlines 'confident' of Boeing 737 MAX flying this year: executive

American Airlines 'confident' of Boeing 737 MAX flying this year: executive

American Airlines Group Inc is "confident" that its Boeing Co 737 MAX aircraft will fly this year, in time for the holidays, Senior Vice President of Customer Experience Kerry Philipovitch told reporters on Tuesday.



7 years ago
Oil strengthens in volatile trade ahead of expected U.S. crude drawdown

Oil strengthens in volatile trade ahead of expected U.S. crude drawdown

Oil prices rose in volatile trade on Tuesday supported by expectations of a drawdown in U.S. crude inventories, though gains were capped by worries about a recession and uncertainty over a China-U.S. trade deal.



7 years ago
Timeline: Autonomous car pioneer Levandowski faces criminal charges of stealing from Alphabet

Timeline: Autonomous car pioneer Levandowski faces criminal charges of stealing from Alphabet

The U.S. Department of Justice on Tuesday filed criminal charges against Anthony Levandowski, accusing the former high-ranking Alphabet Inc engineer of stealing the company's self-driving car technology before joining rival Uber Technologies Inc .



7 years ago
Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources

OxyContin maker Purdue Pharma and its owners, the Sackler family, is in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.



7 years ago
U.S. yield inversion deepens, stokes recession fears

U.S. yield inversion deepens, stokes recession fears

The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for government bonds.



7 years ago
BP exits Alaska with $5.6 billion sale to Hilcorp

BP exits Alaska with $5.6 billion sale to Hilcorp

British oil major BP said on Tuesday it had agreed to sell its Alaskan operations for $5.6 billion to privately held oil and natural gas explorer Hilcorp Alaska as part of its divestment plans.



7 years ago