Latest News on private equity markets

Wall Street hovers at record highs; FedEx sinks

The S&P 500 and Nasdaq extended a record rally on Wednesday, even as FedEx limited gains after cutting its annual profit forecast for the second time this year.



6 years ago

UK union seeks guarantees on manufacturing after Peugeot-Fiat merger

Britain's biggest union is seeking guarantees on the long-term future of Peugeot's plants in Britain after the French carmaker struck a binding deal on Wednesday with Fiat Chrysler to create the world's fourth-biggest carmaker.



6 years ago

Millennial investors in California are fleeing to these 3 tax havens: survey

The under-40 crowd in the Golden State is ready for tax-friendlier climes, according to data from Wealthfront, an investment management firm. These three states are among their top destinations.

6 years ago

Merry Christmas from Next Decentrum Technologies!

Next Decentrum | Tristram | Dec 18, 2019 Merry Christmas and all our best to the NCFA community from Next Decentrum. Hussein, Rama, Shawn, Rodrigo and Tristram Next Decentrum is an edtech company focused on developing the future of education using curated content. We provide subject matter experts with an easy way to organize curated

6 years ago

Peruvian prosecutor investigating deaths of two McDonald's employees

A Peruvian prosecutor's office said it was investigating the death of two teenaged employees in a McDonald's-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.



6 years ago

Despite IPO flameouts, 2019 sets record for U.S. unicorn births

Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.



6 years ago

Indian tribunal backs Mistry's reinstatement as chairman of Tata Sons

Cyrus Mistry, who has been embroiled in a legal battle with Tata Group since being ousted in 2016, won backing from a tribunal to be reinstated as executive chairman of its holding company, lawyers said on Wednesday.



6 years ago

Dollar gains on Fed rates view; stocks edge higher

The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.



6 years ago

Airbus sees strong sales haul this year on Asia demand, long-range A321

Airbus is on course to end 2019 with a rise in its order backlog after netting more sales than deliveries across its major products, a senior executive said on Wednesday, thanks partly to strong demand in Asia.



6 years ago

Daimler agrees to $20 million settlement over U.S. vehicle recalls

Daimler AG's Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.



6 years ago

FedEx shares dive 10% after profit warning; analysts see worse coming

FedEx Corp shares tumbled more than 10% on Wednesday after the company slashed its 2020 profit forecast a second time, as it revamps its business to replace slumping air shipments with lower-profit residential deliveries.



6 years ago

Wall Street builds on record-setting rally; FedEx drops

The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run as optimism about global economic growth strengthens, limited somewhat by a steep drop in FedEx shares.



6 years ago

Peugeot boss Tavares has car manual for fixing Fiat Chrysler

With a track record of streamlining Peugeot's portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France's most profitable carmaker with Fiat Chrysler (FCA).



6 years ago

Apple, Amazon, Google partner to make smart home devices more compatible

Amazon.com Inc , Apple Inc and Alphabet Inc's Google are partnering to lay the groundwork for better compatibility among their smart home products, the companies said on Wednesday.



6 years ago

U.S. SEC proposes allowing more investors access to private companies

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.



6 years ago