Latest News on private equities market

United Airlines sees first-quarter loss of $2.1 billion

United Airlines sees first-quarter loss of $2.1 billion

United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion in the first quarter, hurt by a sharp drop in travel demand from the coronavirus pandemic.



6 years ago
House Republican leader: still no deal on more coronavirus money for small U.S. businesses

House Republican leader: still no deal on more coronavirus money for small U.S. businesses

U.S. House Republican leader Kevin McCarthy said on Monday there was still no deal on a funding measure that would provide more relief for small businesses hurt by the coronavirus pandemic.



6 years ago
Burger chain Shake Shack to return $10 million government loan

Burger chain Shake Shack to return $10 million government loan

Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.



6 years ago
Futures slide as oil price slump hammers energy stocks

Futures slide as oil price slump hammers energy stocks

U.S. stock index futures fell on Monday as a slump in oil prices pounded energy stocks, with investors also bracing for another batch of dour first-quarter earnings reports and economic data.



6 years ago
Oil falls on concern over storage and earnings

Oil falls on concern over storage and earnings

Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1999, depressed by concern that U.S. crude storage will soon be full while companies prepare to report the worst quarterly earnings since the financial crisis.



6 years ago
Coronavirus pushes Latin America's budding startups into survival mode

Coronavirus pushes Latin America's budding startups into survival mode

The chief executive of Colombian food technology startup Muy had expected to spend the past few weeks gearing up to raise a dollop of fresh funds from venture capital firms for an ambitious expansion plan.



6 years ago
Exclusive: India foreign investment rules aimed at China to include Hong Kong - sources

Exclusive: India foreign investment rules aimed at China to include Hong Kong - sources

New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.



6 years ago
Futures pinned as oil price slump hammers energy stocks

Futures pinned as oil price slump hammers energy stocks

U.S. stock index futures fell on Monday as a slump in oil prices pounded energy stocks, with investors also bracing for another batch of dour first-quarter earnings reports and economic data.



6 years ago
Starbucks brings Beyond Meat to China with new plant-based lunch menu

Starbucks brings Beyond Meat to China with new plant-based lunch menu

Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc's products in a country where it is trying to recover from the novel coronavirus pandemic-led shutdown.



6 years ago
KFC to sell plant-based fried chicken made by Cargill in China

KFC to sell plant-based fried chicken made by Cargill in China

Yum China's KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday.



6 years ago
Four staffing units of Norwegian Air file for bankruptcy

Four staffing units of Norwegian Air file for bankruptcy

Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company's fleet, the budget carrier said on Monday.



6 years ago
Halliburton sees bleak North America activity, joins rivals in spending cuts

Halliburton sees bleak North America activity, joins rivals in spending cuts

Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil prices.



6 years ago
Bridgestone to suspend 11 Japanese plants during late April-early May

Bridgestone to suspend 11 Japanese plants during late April-early May

Japanese tyremaker Bridgestone Corp said on Monday it will suspend operations at its 11 domestic plants, including 8 tyre factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic.



6 years ago
Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus

Nissan to shut down global headquarters, other Japan facilities through mid-May due to virus

Nissan Motor Co on Tuesday said that it would temporarily shut down operations at its global headquarters and other facilities in Japan through early May to contain the spread of the coronavirus at its sites.



6 years ago
Asian stocks set to sink after historic U.S. oil rout

Asian stocks set to sink after historic U.S. oil rout

Asia shares were poised to track a Wall Street tumble on Tuesday after U.S. crude futures turned negative for the first time in history, crushed by a spectacular collapse in oil demand as the coronavirus pandemic derails the global economy.



6 years ago