Latest News on private equities market

The judge hearing a complaint from state attorneys general seeking to stop T-Mobile US Inc from buying Sprint Corp for $26 billion will hold a pre-trial hearing next week.

Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.

U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade, U.S. investment, immigration and privacy, a White House spokesman said.

The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber's petition to waive tariffs on electric scooters and at least 50 separate requests by General Motors Co.

An executive of Huawei Technologies Co Ltd said on Thursday that the Chinese telecoms giant is in the process of potentially launching its "Hongmeng" operating system (OS) to replace the U.S. Android OS.

Democratic presidential hopeful Joe Biden on Thursday took umbrage with e-commerce giant Amazon.com Inc's $0 federal tax bill in 2018 and said no company making billions in profits should pay a lower tax rate than firefighters and teachers.

Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion.

Jeffrey Gundlach expects the dollar to finish the year lower.

Wall Street was set to open slightly lower on Wednesday as worries of a protracted U.S.-China trade war was heightened by Washington's tough stance, but losses were limited by tame inflation data that supported the case for an interest rate cut.

U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year.

The strategy will entail a bet on falling rates, rising gold, against the dollar and "at some point" stocks, the hedge fund magnate said.

Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.

Ethiopia is aiming to award telco licenses to multinational mobile companies by the end of the year, ending a state monopoly and opening up one of the world's last major closed telecoms markets, three people with direct knowledge of the process said.

Ford Motor Co said on Wednesday its North American unit will spend $180 million to correct a suspension issue in Explorer vehicles.

U.S. stocks opened flat on Wednesday as Washington's tough stance heightened worries of a prolonged U.S.-China trade war, with losses offset by tame inflation data that supported the case for an interest rate cut.