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Latest News on private equity markets

Mattel revenue beats on Barbie dolls, BTS K-pop band toys

Mattel Inc reported a surprise jump in quarterly revenue on Tuesday as newer models energized demand for its flagship Barbie brand, while the launch of dolls based on Korean pop-sensation BTS lifted international sales.



6 years ago

Amgen third-quarter revenue falls 3%, biosimilar sales rise

Amgen Inc on Tuesday said competition for older off-patent drugs sent third-quarter revenue down 3%, but share repurchases and biosimilar sales helped it achieve higher-than-expected profit, and the company raised its full-year outlook.



6 years ago

WhatsApp sues Israel's NSO for allegedly helping spies hack phones around the world

WhatsApp sued Israeli surveillance firm NSO Group on Tuesday, accusing it of helping government spies break into the phones of roughly 1,400 users across four continents in a hacking spree whose targets included diplomats, political dissidents, journalists and senior government officials.



6 years ago

NCAA board votes to let student athletes endorse brands, accept sponsors

U.S. college athletes can profit from brand sponsorships and endorsement deals under a new rule approved on Tuesday by the governing board of the NCAA, the organization that regulates U.S. collegiate sports.



6 years ago

Ex-FDA chief Gottlieb sees investment opportunity in 'unloved' antibiotics

As a private investor, former U.S. Food and Drug Administration Commissioner Scott Gottlieb is focused on an area where few have found success in recent years: developing new antibiotics.



6 years ago

SEC probes AIG unit that sells retirement plans to teachers: WSJ

The U.S. Securities and Exchange Commission is probing sales and disclosure practices at Valic, a unit of U.S. insurer American International Group Inc , the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.



6 years ago

Global stocks falter, dollar slips on potential U.S.-China trade delay

Global stocks faltered on Tuesday as strong earnings from U.S. drugmakers Merck and Pfizer and expectations the Federal Reserve will cut rates was offset by a potential delay in a U.S.-China trade deal, which clouded sentiment and weakened the dollar.



6 years ago

Barbie, K-pop's BTS power Mattel's surprise revenue rise; shares jump

Mattel Inc reported a surprise jump in quarterly revenue on Tuesday as newer models energized demand for its flagship Barbie brand, while the launch of dolls based on Korean pop-sensation BTS lifted international sales.



6 years ago

Mercedes recalls some EQC electric cars due to potentially faulty bolt

Daimler is recalling some new Mercedes-Benz EQC electric cars because of a potentially defective bolt in the differential, the company said on Tuesday.



6 years ago

Amgen posts higher biosimilar sales, ends neuroscience program

Amgen Inc on Tuesday said competition for its older drugs sent third-quarter revenue down 3%, but biosimilar sales were strong and the quarterly results were ahead of Wall Street estimates.



6 years ago

J&J says new tests find no asbestos in same baby powder bottle that sparked recall

Johnson & Johnson said on Tuesday that 15 new tests found no asbestos in a bottle of baby powder that the U.S. Food and Drug Administration says tested positive for trace amounts of asbestos, a finding the agency stands by.



6 years ago

AT&T reveals date HBO Max will take on Disney, Netflix

AT&T Inc executives on Tuesday said the company's HBO Max streaming video service that will launch in May 2020 is expected to reach 75 million to 90 million global subscribers by 2025, with about 50 million of these coming from the United States.



6 years ago

U.S. telecoms supply chain rules, seen hitting Huawei, under review: official

Rules to implement a White House executive order that is expected to pave the way for China's Huawei to be banned from the U.S. telecoms supply chain are "under consideration and review," a Commerce Department official said on Tuesday.



6 years ago

In South Korea's dangerous shipyards, subcontracted workers are most at risk

Park Chol-hee was working the holiday shift at Samsung Heavy Industries' Geoje shipyard on Labour Day, 2017, when a giant crane collided with another and crashed to ground, killing six people, including Park's younger brother.



6 years ago

AT&T reveals HBO Max price and date it will take on Disney, Netflix

AT&T Inc executives on Tuesday said the company's HBO Max streaming video service will cost $15 per month -- the same price it currently charges for HBO -- when it launches in May 2020, marking an aggressive entry into the streaming wars.



6 years ago