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Latest News on private equity markets

Stamps.com jumps more than 65% Thursday, a year after crashing nearly 50% in a single day

The company reported an adjusted profit of $2.12 per share. Analysts polled by Refinitiv expected earnings of $1.03 per share.

5 years ago

T-Mobile, Sprint near agreement on new merger terms: WSJ

T- Mobile US and Sprint Corp are nearing an agreement on new merger terms and the final deal could be announced as soon as Thursday, the Wall Street Journal reported citing people familiar with the matter.



5 years ago

Tesla gets court approval to clear forest for German Gigafactory

Tesla Inc got approval from a German court on Thursday to continue to cut down forest near the capital Berlin to build its first European car and battery factory, in a defeat for local environmental activists.



5 years ago

Wall St. eases, led by tech decline on mounting fears coronavirus could spread

U.S. stocks fell on Thursday, led by declines in technology heavyweights, after reports of new coronavirus cases in China and other countries intensified fears over its spread and impact on the global economy.



5 years ago

Dropbox beats quarterly revenue estimates on strong subscriber growth

Dropbox Inc on Thursday reported quarterly revenue that beat Wall Street estimates, as the file hosting company signed on more customers on its platform.



5 years ago

Dollar slams yen and safe-haven status, gold gains

The rally in U.S. equities took a pause and the strong dollar got stronger on Thursday, rising to a three-year high against a basket of trading partner currencies, after a steep slide in the Japanese yen called into question its safe-haven status.



5 years ago

Exclusive: Sears snags new financial lifeline as losses continue - sources

U.S. department store operator Sears has reached a deal for a fresh financial lifeline totaling roughly $100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy, people familiar with the matter said on Thursday.



5 years ago

Morgan Stanley's E*Trade deal to test Washington's regulatory mood in election year

Morgan Stanley's takeover of brokerage E*Trade Financial Corp  reflects a more relaxed regulatory mood in Washington, but it is still a gamble in an election year that will see Democrats continue to shine a spotlight on Wall Street excesses, said analysts.



5 years ago

Dropbox shares rise after upbeat results, share buyback plan

Dropbox Inc on Thursday reported a better-than-expected quarterly profit, raised its outlook for operating margin and announced a $600 million share buyback, sending its shares up 11% in trading after the bell.



5 years ago

T-Mobile, Sprint amend merger terms; to close deal as early as April 1

T- Mobile US and Sprint Corp said on Thursday that they had agreed on new merger terms and were looking to close the deal as early as April 1.



5 years ago

Airbus investing up to 1 billion euros on A220 passenger jet program this year

Airbus SE plans to invest between 500 million euros and 1 billion euros ($539 million-$1.08 billion) this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Canada.



5 years ago

New Mexico AG sues Google for collecting personal data of school children

New Mexico Attorney General Hector Balderas on Thursday filed a lawsuit against Alphabet Inc's Google, alleging that it acquired personal information from school children in the state violating their privacy rights.



5 years ago

Branson targets younger cruise crowd with DJs, tattoos and yoga

British entrepreneur Richard Branson will unveil the "Scarlet Lady" on Friday, a 60,000 tonne cruise liner complete with a tattoo studio and yoga deck aimed at drawing in a younger generation of holiday-makers.



5 years ago

Outbreak will not change China's commitments to buy U.S. goods: senior U.S. official

The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.



5 years ago

Airbus investing up to 1 billion euros in A220 passenger jet program this year

Airbus SE plans to invest between 500 million euros and 1 billion euros ($539 million-$1.08 billion) this year on its A220 passenger jet program, Chief Executive Guillaume Faury said on Thursday at the company's A220 factory in Mirabel, just outside Montreal.



5 years ago