Latest News on private equities market

S&P 500 slips in volatile trade following Fed

The S&P 500 was down slightly in choppy trading on Wednesday after the Federal Reserve repeated its promise of support for the economy but projected a 6.5% decline in gross domestic product this year.



4 years ago

Ford recalls 2.15 million U.S. vehicles for potentially faulty door latches

Ford Motor Co said on Wednesday it will recall 2.15 million U.S. vehicles with potentially faulty door latches.



4 years ago

Nikola in talks with automakers for Badger pickup truck production: founder

Nikola Corp , a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.



4 years ago

S&P 500, Dow finish lower in volatile trade on dour Fed forecasts

The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year.



4 years ago

Lufthansa says up to 26,000 employees at risk of losing jobs

Lufthansa admitted on Wednesday that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the German carrier than a figure of more than 10,000 flagged a few weeks ago.



4 years ago

Fiat, PSA face EU antitrust probe over $50 billion merger: sources

Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday.



4 years ago

Amazon implements one-year moratorium on police use of facial recognition software

Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the use of racially biased surveillance technology amid ongoing protests in the United States.



4 years ago

Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts

Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co's 737 program.



4 years ago

Better three months late than never for Fed 'Main Street' loans, Powell says

It is not too late for small and medium-sized U.S. businesses to benefit from the Federal Reserve's "Main Street" lending program, Chair Jerome Powell said on Wednesday, even though its launch in the coming days will be nearly three months after the central bank announced the nearly $600 billion program.



4 years ago

Possible Fed move to cap yield rise could further weaken U.S. dollar

The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure that interest rates remain near zero for some time.



4 years ago

Dollar, stocks slip as Fed signals slow growth

The dollar slid to a three-month low and a gauge of global stocks fell on Wednesday after the Federal Reserve projected a more sluggish recovery than the market expected, but the Nasdaq hit a fresh high on expectations of low interest rates past 2022.



4 years ago

Tyson Foods says cooperating with DoJ in chicken price-fixing probe

Tyson Foods Inc said on Wednesday it was cooperating with the U.S. Department of Justice on a price-fixing investigation in the poultry industry, under a program that could protect the meat processor from criminal prosecution.



4 years ago

ConocoPhillips CEO says surprised by swift recovery in oil prices

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term.



4 years ago

Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion

European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.



4 years ago

Tailored Brands may seek Chapter 11 protection if COVID effect continues

Men's Wearhouse owner Tailored Brands Inc said on Wednesday it may have to seek bankruptcy protection or discontinue operations, if the COVID-19 crisis continues to pummel sales.



4 years ago