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Latest News on private equity markets

Boeing dealt new blow as Airbus launches long-range A321

Boeing suffered a fresh setback on the opening of the Paris Airshow on Monday as its engine supplier announced a delay for the U.S. planemaker's all-new 777X jet while Airbus launched a rival plane aimed at the middle of the market.



6 years ago

Oil prices fall 1% as economic worries outweigh tanker tensions

Oil prices slipped more than 1% on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil tankers in the Gulf of Oman last week.



6 years ago

U.S. businesses beg to be left off Trump's tariff list

Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative's Office opposing President Donald Trump's plan to slap tariffs on another $300 billion of Chinese imports.



6 years ago

Billionaire Patrick Drahi agrees to buy Sotheby's in $3.7 billion deal

Patrick Drahi, the billionaire behind telecoms and media group Altice, has agreed to buy art auction house Sotheby's in a deal worth $3.7 billion on an enterprise value basis.



6 years ago

Wall St. opens slightly higher; Fed meet eyed

U.S. stocks eked out gains at the open on Monday, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an interest rate cut later this year.



6 years ago

Boeing lifts 20-year industry demand forecast to $6.8 trillion

Boeing Co raised its rolling 20-year industry forecast for passenger aircraft by 3% on Monday, fueled by strong air traffic predictions, though global geopolitical and economic risks could upset the rosy outlook.



6 years ago

Tesla's Elon Musk becomes 'Daddy DotCom' on Twitter

Silicon Valley billionaire Elon Musk tweeted https://twitter.com/elonmusk/status/1140481957341495296 late on Sunday that he had "just deleted" his Twitter account, while also changing his Twitter display name to "Daddy DotCom".



6 years ago

Fashion house Chanel parades its independence as its profits rise

Luxury fashion group Chanel, whose star designer Karl Lagerfeld passed away in February, reported higher annual sales and profits on Monday and once again reaffirmed its independence, stating it was not for sale.



6 years ago

Sotheby's auction house is being taken private by group controlled by art collector Patrick Drahi

Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.

6 years ago

Wall St. moves higher; Fed policy meeting on the horizon

U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates.



6 years ago

UK hopes Trump and Xi can ease trade tensions at G20 summit: Hammond

Britain hopes that U.S. President Donald Trump and Chinese President Xi Jinping can make progress on easing trade tensions when they meet later this month at a summit of world leaders in Japan, British finance minister Philip Hammond said.



6 years ago

Citi combines rates and currencies businesses

Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.



6 years ago

KPMG to pay $50 million for using stolen data, exam fraud: SEC

Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a $50 million penalty, the Securities and Exchange Commission said on Monday.



6 years ago

Supreme Court says lower court should reexamine case over same-sex couple denied wedding cake

The top court scrapped a ruling from the Oregon Court of Appeals in favor of the same-sex couple. The owners of the bakery, which refused the make the cake due to religious beliefs, claimed that state fines pushed them out of business.

6 years ago

Goldman Sachs is sounding the alarm to clients that technology stocks are overvalued

It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.

6 years ago