Latest News on private equities market

U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say

U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say

U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.



6 years ago
Nigeria's oil hub quarantines 22 Exxon Mobil workers: governor

Nigeria's oil hub quarantines 22 Exxon Mobil workers: governor

Nigeria's Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.



6 years ago
NASA will launch astronauts from US soil for the first time in nearly a decade, with help from SpaceX

NASA will launch astronauts from US soil for the first time in nearly a decade, with help from SpaceX

NASA and SpaceX are targeting May 27 for the launch of Demo-2, the first crewed NASA launch in nearly a decade.

6 years ago
Amazon prepping to launch super-fast grocery delivery service in UK: The Grocer

Amazon prepping to launch super-fast grocery delivery service in UK: The Grocer

Online e-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the United Kingdom, trade magazine The Grocer reported on Friday, citing suppliers.



6 years ago
Boeing, Trump's restart plan boost Wall Street

Boeing, Trump's restart plan boost Wall Street

Wall Street bounced on Friday as Boeing said it would resume production of commercial jets next week, with investors also cheering President Donald Trump's plan to reopen the economy and on hopes of a potential drug to treat COVID-19.



6 years ago
U.S. leading indicator points to deep economic slump

U.S. leading indicator points to deep economic slump

A gauge of future U.S. economic activity suffered a record decline in March, suggesting the economy could struggle to pull out of a deep slump caused by the novel coronavirus outbreak.



6 years ago
P&G sees best U.S. sales in decades as shoppers stock up

P&G sees best U.S. sales in decades as shoppers stock up

Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.



6 years ago
NY Fed markets head says central bank will be transparent with new lending facilities

NY Fed markets head says central bank will be transparent with new lending facilities

Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem losses from a "synchronized global selloff" and to help markets function, a senior official at the New York Fed said Friday.



6 years ago
SEAT aims to restart car factories in Spain on April 27

SEAT aims to restart car factories in Spain on April 27

Carmaker SEAT plans to start up its plants in Spain on April 27, almost six weeks after it halted all output due to one of the world's worst national outbreaks of the coronavirus, the Volkswagen unit said on Friday.



6 years ago
Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales

Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales

Ford Motor Co on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash reserves as the coronavirus outbreak halted production and pummeled vehicles sales.



6 years ago
EY whistleblower awarded $11 million after suppression of gold audit

EY whistleblower awarded $11 million after suppression of gold audit

A British court awarded $11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates.



6 years ago
Brazil's loans to airlines would only be finalized in May: sources

Brazil's loans to airlines would only be finalized in May: sources

Government loans for Brazilian airlines battered by the coronavirus crisis would only be ready in May, and not later this month as some had hoped, two sources familiar with the matter told Reuters on Friday.



6 years ago
Airbus furloughs 3,000 French aerospace workers

Airbus furloughs 3,000 French aerospace workers

Airbus will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the planemaker said on Friday, in its latest effort to cope with the coronavirus crisis.



6 years ago
Exclusive: Chinese-backed owners committed to British HQ for Imagination Tech - source

Exclusive: Chinese-backed owners committed to British HQ for Imagination Tech - source

The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes, a source with knowledge of the matter said.



6 years ago
AT&T  denies investors a dial-in as annual meeting goes online

AT&T denies investors a dial-in as annual meeting goes online

Activist investors say telecommunications pioneer AT&T Inc will not take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gathering to cyberspace due to the COVID-19 pandemic would restrict shareholder input.



6 years ago