Latest News on private equities market

State AGs fighting T-Mobile, Sprint merger request new trial date in December

State AGs fighting T-Mobile, Sprint merger request new trial date in December

An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.



7 years ago
UK's Pearson notifies thousands of U.S. students of data breach

UK's Pearson notifies thousands of U.S. students of data breach

British education company Pearson Plc on Thursday said it has notified customers of a data breach that resulted in unauthorized access to about 13,000 school and university accounts, mainly in the United States.



7 years ago
Brazil's Vale dam disasters trigger $2 billion in fresh writedowns

Brazil's Vale dam disasters trigger $2 billion in fresh writedowns

Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.



7 years ago
Beyond Meat's secondary stock offering priced at $160 per share

Beyond Meat's secondary stock offering priced at $160 per share

Meat alternatives company Beyond Meat Inc said on Wednesday a secondary offering of 3.25 million new shares would be priced at $160 per share, an 18.6% discount to the stock's closing price.



7 years ago
State AGs fighting T-Mobile, Sprint merger request new trial date in Dec

State AGs fighting T-Mobile, Sprint merger request new trial date in Dec

An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.



7 years ago
Australia's Qantas says it will not trim Alliance stake despite competition concerns

Australia's Qantas says it will not trim Alliance stake despite competition concerns

Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over its acquisition of 19.9% in its rival.



7 years ago
Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.



7 years ago
Asian shares seen falling on 'hawkish' Fed outlook

Asian shares seen falling on 'hawkish' Fed outlook

Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing cycle after delivering a 25-basis-point cut.



7 years ago
Major U.S. banks lower benchmark interest rates following Fed rate cut

Major U.S. banks lower benchmark interest rates following Fed rate cut

Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.



7 years ago
Fed cuts interest rates, signals it may not need to do more

Fed cuts interest rates, signals it may not need to do more

The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up the economy against risks including global weakness.



7 years ago
Text of the FOMC statement

Text of the FOMC statement

Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:



7 years ago
PG&E says it 'strongly disagrees' delayed maintenance played role in Camp Fire

PG&E says it 'strongly disagrees' delayed maintenance played role in Camp Fire

PG&E Corp said in court papers on Wednesday that it "strongly disagrees" with a suggestion in a Wall Street Journal article that the company knowingly deferred maintenance on equipment that caused California's Camp Fire, the deadliest and most destructive wildfire in California's modern history.



7 years ago
Fitbit lowers 2019 revenue forecast, shares sink 16%

Fitbit lowers 2019 revenue forecast, shares sink 16%

Wearable device maker Fitbit Inc forecast third-quarter revenue below analysts' estimates and lowered its 2019 sales outlook as the company expects weak smartwatch sales and lower average selling price.



7 years ago
S&P 500 posts biggest drop since May after Fed cut, Powell comments

S&P 500 posts biggest drop since May after Fed cut, Powell comments

The Dow and S&P 500 suffered their biggest daily percentage drops since May 31 on Wednesday after the Federal Reserve cut interest rates for the first time in a decade, but remarks by Fed Chair Jerome Powell dampened expectations for further cuts going forward.



7 years ago
Dollar rises after Fed cuts rates, signals move is one-off

Dollar rises after Fed cuts rates, signals move is one-off

The U.S. dollar rose to two-year highs on Wednesday after Federal Reserve Chair Jerome Powell, having made the first cut to interest rates since 2008, signaled the move was not the start of a rate-cutting cycle.



7 years ago