Latest News on private equities market

Asia stocks fall after U.S. crude collapses for second day

Asia stocks fall after U.S. crude collapses for second day

Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis.



6 years ago
Facebook to buy 10% stake in telco unit of India's Reliance Industries for $5.7 billion

Facebook to buy 10% stake in telco unit of India's Reliance Industries for $5.7 billion

Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services.



6 years ago
Global CEOs see U-shaped recession due to coronavirus: survey

Global CEOs see U-shaped recession due to coronavirus: survey

Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won't survive the pandemic, a survey of thousands of chief executives showed on Wednesday.



6 years ago
JPMorgan Chase plans to return employees to work in phases: memo

JPMorgan Chase plans to return employees to work in phases: memo

JPMorgan Chase & Co, the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working from home for more than five weeks back onsite in stages, according to an internal memo seen by Reuters.



6 years ago
Oil prices recover ground after market turmoil fuels price plunge

Oil prices recover ground after market turmoil fuels price plunge

Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.



6 years ago
White House mulls liability protection for reopening businesses: Trump adviser

White House mulls liability protection for reopening businesses: Trump adviser

The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation tries to repair the economic damage wrought by the coronavirus, a top White House adviser said on Tuesday.



6 years ago
Snap shares rise 20% as coronavirus spurs use, revenue growth beats Street

Snap shares rise 20% as coronavirus spurs use, revenue growth beats Street

Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.



6 years ago
Amazon staff take off work to raise safety concerns in pandemic: activists

Amazon staff take off work to raise safety concerns in pandemic: activists

A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting on Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic.



6 years ago
Chipotle March same-store sales drop even as delivery orders surge

Chipotle March same-store sales drop even as delivery orders surge

Chipotle Mexican Grill Inc on Tuesday reported a 16% drop in March same-store sales while online orders surged, as it was forced to keep stores closed because of the coronavirus pandemic.



6 years ago
LendingClub to lay off about a third of employees due to coronavirus

LendingClub to lay off about a third of employees due to coronavirus

Online lender LendingClub Corp said on Tuesday it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs amid the economic fallout of the COVID-19 pandemic.



6 years ago
Netflix adds 15.8 million customers during quarantine, warns boost is temporary

Netflix adds 15.8 million customers during quarantine, warns boost is temporary

Netflix Inc on Tuesday reported a surge in new sign-ups as audiences stayed in their homes to help fight the novel coronavirus and binged on series such as "Tiger King," but the company predicted a weaker second half of the year if quarantine orders are lifted.



6 years ago
Explainer: How does Texas have the power to curb the state's oil output?

Explainer: How does Texas have the power to curb the state's oil output?

Texas oil and gas regulators in coming days are poised to decide whether to order larger producers in the state to shut in 20% of their output, wading into global oil politics as the coronavirus crisis slashes demand for oil .



6 years ago
U.S. Senate passes nearly $500 billion coronavirus bill aiding small business

U.S. Senate passes nearly $500 billion coronavirus bill aiding small business

The U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and to aid hospitals dealing with large numbers of seriously ill patients.



6 years ago
United Airlines announces stock offering, shares slip

United Airlines announces stock offering, shares slip

United Airlines Holdings Inc on Tuesday announced a stock offering of 39.25 million shares, sending its shares down 3% in extended trading.



6 years ago
Texas Instruments forecasts weak earnings to reflect coronavirus threat

Texas Instruments forecasts weak earnings to reflect coronavirus threat

Texas Instruments Inc on Tuesday forecast current-quarter revenue and profit largely below Wall Street estimates after posting first-quarter results above expectations, as the chip industry braces for a big hit from the coronavirus outbreak.



6 years ago