Latest News on private equities market

Booking Holdings CEO tests positive for coronavirus

Booking Holdings CEO tests positive for coronavirus

Online travel agency Booking Holdings said on Wednesday Chief Executive Officer Glenn Fogel has tested positive for coronavirus.



6 years ago
U.S. crude oil futures jump 5% at open

U.S. crude oil futures jump 5% at open

U.S. crude oil futures rose 5% on the open on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic.



6 years ago
U.S. will work with global oil producers to address volatility in markets: Trump adviser

U.S. will work with global oil producers to address volatility in markets: Trump adviser

The United States "will work with the world's largest oil producers to address volatility in global oil markets," U.S. President Donald Trump's national security adviser Robert O'Brien said on Wednesday.



6 years ago
U.S. sues to force Altria to unwind investment in JUUL

U.S. sues to force Altria to unwind investment in JUUL

The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL.



6 years ago
EU industry chief sees no quid pro quo in Chinese firms' 'mask diplomacy'

EU industry chief sees no quid pro quo in Chinese firms' 'mask diplomacy'

EU industry chief Thierry Breton says he does not see any ulterior motive behind Huawei [HWT.UL] and other Chinese companies' donations of face masks to the bloc and that solidarity is the best way to tackle the global coronavirus outbreak.



6 years ago
Challengers rev their engines to fight Trump's auto emissions weakening

Challengers rev their engines to fight Trump's auto emissions weakening

Just two months after taking office, President Donald Trump in March 2017 traveled to Michigan to announce that he would undo ambitious vehicle emissions standards mandated under his predecessor Barack Obama, portraying the reversal as a boost to the U.S. auto industry centered in the Midwestern state.



6 years ago
Fiat Chrysler, GM try discounts, online buying to lift plunging U.S. sales

Fiat Chrysler, GM try discounts, online buying to lift plunging U.S. sales

With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing customers to buy vehicles online.



6 years ago
Wall Street dives 4% as virus pandemic fears intensify

Wall Street dives 4% as virus pandemic fears intensify

Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.



6 years ago
All businesses seeing 30% drop in revenue due to pandemic will be eligible for 75% wage subsidies: Trudeau

All businesses seeing 30% drop in revenue due to pandemic will be eligible for 75% wage subsidies: Trudeau

CBC News | Kathleen Harris | March 30, 2020 PM warns of 'serious consequences' for companies that abuse the system Businesses and non-profit organizations seeing a drop of at least 30 per cent in revenue due to COVID-19 will qualify for the government's 75 per cent wage subsidy program, Prime Minister Justin Trudeau announced today

6 years ago
Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source

Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source

Deutsche Bank is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter said on Wednesday.



6 years ago
Airlines facing what official calls 'deepest crisis ever'

Airlines facing what official calls 'deepest crisis ever'

As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world's airlines called the last few months "its deepest crisis ever."



6 years ago
Carrefour teams up with Uber Eats for lockdown deliveries

Carrefour teams up with Uber Eats for lockdown deliveries

French supermarket retailer Carrefour and Uber Eats said on Wednesday they would launch a new delivery service aimed at helping Parisians buy essential goods and food during the nationwide lockdown triggered by the coronavirus crisis.



6 years ago
Wall St. slumps at open as coronavirus fears intensify

Wall St. slumps at open as coronavirus fears intensify

U.S. stock indexes tumbled at the open on Wednesday, as investors fled to safe-haven assets following the first slide in U.S. private payrolls since 2017 and dire predictions on the U.S. death toll from the coronavirus.



6 years ago
U.S. factory activity in March was weakest since 2009: IHS Markit

U.S. factory activity in March was weakest since 2009: IHS Markit

The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed on Wednesday.



6 years ago
U.S. private payrolls post first drop in two-and-a-half years

U.S. private payrolls post first drop in two-and-a-half years

U.S. private payrolls dropped in March for the first time in 2-1/2 years, likely as businesses shut down in compliance with strict measures to contain the coronavirus epidemic, supporting economists' views that the longest employment boom in history probably ended last month.



6 years ago