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Latest News on private equity markets

ConocoPhillips profit beats estimates on higher production

U.S. oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.



6 years ago

Facebook, Google, Twitter urged to do more to combat fake news in EU

Facebook , Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday.



6 years ago

Goldman says there are three big stock buyers that will keep the record rally going

Corporations, foreign investors and U.S. households are the three big market forces which could continue to drive demand for U.S. equities.

6 years ago

Pfizer beats profit estimates, raises 2019 earnings forecast

Pfizer Inc posted a third-quarter profit well ahead of analysts' estimates on higher sales of breast cancer drug Ibrance and raised its earnings forecast for the year, sending the largest U.S. drugmaker's shares up 3%.



6 years ago

Here's what every major analyst thinks about Alphabet's earnings miss

Major Wall Street analysts were sticking by Alphabet's stock after the company reported solid but unspectacular earnings on Monday after the bell.

6 years ago

Merck profit beats estimates as Keytruda sales surge

Merck & Co Inc reported a better-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast as sales of its blockbuster immunotherapy, Keytruda, crossed the $3 billion mark for the first time in a single quarter.



6 years ago

AT&T to reveal HBO Max pricing, details at WarnerMedia investor day

AT&T Inc executives on Tuesday are expected to reveal new details about pricing, programming and distribution of the company's forthcoming HBO Max streaming video service as they plot the phone giant's entrance into the streaming war.



6 years ago

Stocks cling to gains on trade hopes, mixed earnings weigh on Europe

World stocks hovered near a 15-month high on Tuesday underpinned by cautious optimism over a Sino-U.S trade deal and expectations of another dose of policy stimulus from the Federal Reserve, with safe havens such as gold and yen on the back foot.



6 years ago

GM cuts 2019 outlook as U.S. strike weighs on profits

General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.



6 years ago

Wall Street set for subdued open on mixed earnings reports

Wall Street was set to open lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer.



6 years ago

Saudi Aramco aims to begin planned IPO on November 3: sources

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.



6 years ago

Pfizer raises 2019 forecast on surging cancer drug sales

Pfizer Inc posted third-quarter profit well above analysts' estimates on higher sales of cancer drug Ibrance and arthritis medicine Xeljanz, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year.



6 years ago

After Boeing crashes, jet design rules to get tougher for all

Planemakers worldwide face tougher scrutiny and changes in the way aircraft are certified in the aftermath of two fatal crashes of Boeing 737 MAX jets, leading regulators have told Reuters.



6 years ago

Strong consumer spending drives Mastercard profit beat

Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as customers shrugged off fears of an economic slowdown and spent more with their credit and debit cards, boosting fees for the world's second-largest payment processor.



6 years ago

Kellogg profit beats on higher demand for snacks, frozen foods

Kellogg Co reported quarterly sales and profit above market expectations on Tuesday, benefiting from higher demand for its Pringles and Cheez-It snacks, as well as frozen foods.



6 years ago