Latest News on private equity markets

Nvidia forecasts sales above estimates, powered by data center results

Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.



5 years ago

Top safety official at Waymo self-driving unit stepping down

Alphabet Inc’s Waymo self-driving unit said on Thursday that its chief safety officer, Debbie Hersman, was stepping down but would remain as a consultant to the company.



5 years ago

Facebook's Zuckerberg embraces remote work beyond Silicon Valley

Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.



5 years ago

'I've not yet signed Renault loan', says French finance minister

France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.



5 years ago

U.S. strikes at a Huawei prize: chip juggernaut HiSilicon

The latest U.S. government action against China's Huawei takes direct aim the company's HiSilicon chip division--a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools that are central to its success.



5 years ago

Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras

President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.



5 years ago

Lear Corp asks some Mexico workers to restart activity on Friday

U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.



5 years ago

GM restarting Silao, Mexico eight-speed transmission line

General Motors Co on Thursday was restarting the eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state, according to a company message sent to workers.



5 years ago

EasyJet board looks set to win latest battle with Stelios

EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.



5 years ago

Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts

Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.



5 years ago

GM kicks off restart in Mexico as Lear Corp readies for return

General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.



5 years ago

SoftBank Group's sale of 5% telco unit stake to raise $2.9 billion

SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.



5 years ago

Asia shares set to fall as Sino-U.S. strains hit confidence

Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.



5 years ago

GM starts to reopen plants in Mexico

General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.



5 years ago

Proxy adviser ISS recommends vote 'against' executive pay at Alphabet

Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote "against" the company's proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.



5 years ago