Latest News on private equities market

Uber expects up to $2.2 billion charge, drop in quarterly revenue due to pandemic

Uber expects up to $2.2 billion charge, drop in quarterly revenue due to pandemic

Uber Technologies Inc said on Thursday it expects an impairment charge of up to $2.2 billion in the first quarter due to the coronavirus outbreak and revenue to decline by $17 million to $22 million in the quarter.



6 years ago
Trump announces plan to reopen virus-ravaged U.S. economy

Trump announces plan to reopen virus-ravaged U.S. economy

U.S. President Donald Trump laid out guidelines on Thursday for reopening the coronavirus-ravaged U.S. economy, saying states should take a phased approach to let Americans return to work as conditions allow.



6 years ago
Coronavirus test ramp-up to help Abbott weather 'toughest quarter'

Coronavirus test ramp-up to help Abbott weather 'toughest quarter'

Abbott Laboratories Inc said on Thursday a recent ramp up in coronavirus tests production would help it ride out a tough current quarter as the outbreak chokes demand for its other diagnostic kits.



6 years ago
Boeing restarting commercial airplane production next week

Boeing restarting commercial airplane production next week

Boeing Co said it will resume commercial airplane production next week in Washington state after suspending operations last month in response to the coronavirus pandemic, and the company's chief executive told employees the aerospace industry will need financial help from the government.



6 years ago
Carnival CEO defends company's safety record as cruise industry remains grounded

Carnival CEO defends company's safety record as cruise industry remains grounded

Carnival Corp Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling high-profile coronavirus outbreaks aboard two of its ships.



6 years ago
Starboard ends proxy fight at eBay, withdraws director nominations

Starboard ends proxy fight at eBay, withdraws director nominations

Activist investor Starboard on Thursday ended its proxy fight at eBay by withdrawing its four director nominees four days after the ecommerce company named a new chief executive.



6 years ago
Man GLG hires Asia equities head from rival BlackRock

Man GLG hires Asia equities head from rival BlackRock

Man GLG, the discretionary investment arm of asset manager Man Group , has hired Andrew Swan from rival BlackRock to lead its Asia ex-Japan equities business, it said on Thursday.



6 years ago
Apple to reopen its sole branded store in South Korea on April 18

Apple to reopen its sole branded store in South Korea on April 18

Apple Inc said on Thursday it would reopen its sole retail store in South Korea on April 18, marking it the first site to return to business after it closed all stores outside Greater China last month due to the coronavirus outbreak.



6 years ago
Futures jump late following data on potential virus treatment, Trump guidelines

Futures jump late following data on potential virus treatment, Trump guidelines

U.S. stock index futures jumped in late trading on Thursday after a report of promising early data related to a potential COVID-19 treatment from Gilead Sciences and as guidelines for re-opening the U.S. economy came from the White House.



6 years ago
Factbox: Trump's coronavirus reopening guidelines

Factbox: Trump's coronavirus reopening guidelines

President Donald Trump rolled out his guidelines for how the United States can reopen businesses and schools shut down by the coronavirus Thursday evening.



6 years ago
How to prepare for unemployment before you get the pink slip

How to prepare for unemployment before you get the pink slip

As job losses mount, you can take a few steps now to ease the blow of a potential layoff or furlough.

6 years ago
Trump unveils three-stage process for states to end coronavirus shutdown

Trump unveils three-stage process for states to end coronavirus shutdown

U.S. President Donald Trump proposed guidelines on Thursday under which U.S. state governors could act to revive the U.S. economy from its coronavirus shutdown in a staggered, three-stage process.



6 years ago
Facebook's Libra cryptocurrency gets revamp in response to backlash

Facebook's Libra cryptocurrency gets revamp in response to backlash

Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.



6 years ago
Smithfield Foods shuts U.S. bacon, ham plants as coronavirus hits meat sector

Smithfield Foods shuts U.S. bacon, ham plants as coronavirus hits meat sector

Smithfield Foods Inc, the world's largest pork processor, said on Wednesday it would shutter two U.S. plants that process bacon and ham, after closing a separate hog slaughterhouse because of an outbreak of the coronavirus among employees.



6 years ago
Stocks slide as dire economic outlook weighs

Stocks slide as dire economic outlook weighs

World stock markets fell on Thursday, while bonds and the dollar held on to hefty gains, after a coronavirus-driven plunge in U.S. retail sales and factory production and increasing gloomy economic outlooks for Asia.



6 years ago