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Latest News on private equity markets

Oil slides 2% as surplus forecast overshadows Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya's crude output.



5 years ago

Cramer: 'I love the clarity of vision' from Netflix CEO Reed Hastings on A.I. and avoiding ads

CNBC's Jim Cramer said Netflix's earnings call fostered optimism about a company he once called "an open sore on the market."

5 years ago

Laid-off Philadelphia refinery workers struggle with shrinking sector

Third-generation Philadelphia oil refinery worker Lee Murray wore his late father's hard hat every day of the 25 years he spent there.



5 years ago

Wall Street analysts buy into Netflix optimism amid Disney threat

Netflix Inc acknowledged pressure from Disney+ after the company reported its quarterly results. But executives largely brushed off the long-term global impact of rivals that also include Apple, Comcast Corp's NBCUniversal and AT&T Inc.



5 years ago

Meghan and Harry can flee to Canada but they will still owe taxes in the US

You can move to a different continent to escape your in-laws, but as long as you're still an American, the IRS will always be in your life. Here's what's ahead for the Duchess of Sussex as tax season kicks off.

5 years ago

Stocks tick up as China virus worries abate; oil drops

World stock markets bounced back on Wednesday, as swift updates from China about the spread of a new flu-like virus raised hopes the outbreak would be contained, while oil prices tumbled as a market surplus forecast outweighed supply concerns.



5 years ago

Boeing says new MAX delay not due to new technical issues

Boeing's decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.



5 years ago

Incoming Abbott CEO says not looking to do any deals

Abbott Laboratories' incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company's agenda.



5 years ago

U.S. OKs Kinder Morgan request to start Texas Lockridge natgas pipe work

The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc's Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas.



5 years ago

French anti-corruption agency runs checks on Renault

Renault on Wednesday said that France's anti-corruption agency was carrying out checks at the firm, confirming a French media report, though a source at the carmaker said the inspection was a routine matter.



5 years ago

No alternative to grounded Boeing 737 MAX, Aercap CEO says

The chief executive of aircraft leasing giant Aercap , which has 100 737 MAX jets on order from Boeing , on Wednesday said his airline customers remained confident in the grounded aircraft and there was no alternative.



5 years ago

U.S. home sales surge to near two-year high; supply at record low

U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued strong gains.



5 years ago

Michigan, Tesla settle suit over direct vehicle sales

Tesla Inc and the state of Michigan confirmed Wednesday they have resolved the company's 2016 lawsuit challenging the state's refusal to allow the company to sell vehicles directly to consumers.



5 years ago

S&P 500, Nasdaq hit record highs on IBM, chip power

The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed risks from a virus outbreak in China.



5 years ago

United says does not expect to fly the 737 MAX this summer

United Airlines Holdings Inc does not expect to fly the Boeing 737 MAX this summer, President Scott Kirby said on Wednesday, following news from Boeing Co that it does not expect to win approval for the MAX to fly again until mid-year.



5 years ago