Latest News on private equities market

Technology issues strain work from home efforts at big U.S. banks

Citigroup Inc asked its non-essential workers across North America to hold off on logging into its remote access system until 1 p.m. on Thursday, as it braced for many employees to begin working from home, according to sources familiar with the matter.



5 years ago

Airbnb fields investor interest for stake sale: sources

Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday.



5 years ago

Catholics worldwide pray with pope for end to coronavirus pandemic

Catholics around the world joined Pope Francis in praying the rosary on Thursday night to ask God to end the coronavirus pandemic, which has killed more people in Italy than anywhere else.



5 years ago

U.S. airlines double down on request for cash as senate leader touts 'loans'

Major U.S. airlines on Thursday doubled down on a request for government cash grants even as Senate Majority Leader Mitch McConnell suggested assistance would be in the form of loans.



5 years ago

Tesla U.S. vehicle factory to suspend production due to coronavirus

Tesla Inc will suspend production at its California vehicle factory beginning on March 24 to comply with local orders aimed at curbing the spread of coronavirus, the company said on Thursday.



5 years ago

U.S. grocery meat supply to improve soon, after virus-fueled demand surge: Tyson Foods

Demand for U.S. meat at grocery stores will likely exceed supplies for at least another week, the chief executive of Tyson Foods Inc told Reuters on Thursday, as the coronavirus pandemic fuels panic buying among shoppers.



5 years ago

Markets rebound as policymakers further boost liquidity

European and American stocks rebounded on Thursday, halting further declines, in a sign further steps to boost liquidity by the U.S. Federal Reserve and other central banks has tentatively calmed markets that still fear a coronavirus-induced slowdown.



5 years ago

Senate Republican proposal rejects grants for U.S. airlines, could get equity

A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $58 billion in secured loans to help passenger and cargo airlines hit by the coronavirus crisis, but bar cash grants and could result in the government getting equity stakes.



5 years ago

James Bell, Laban Jackson to retire from JPMorgan board

JPMorgan Chase & Co said in a regulatory filing on Thursday that James Bell and Laban Jackson have decided to retire from board.



5 years ago

Wall Street ends higher to stem coronavirus sell-off

U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.



5 years ago

Airbnb fields interest from investors seeking a stake: sources

Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday.



5 years ago

U.S. aviation industry calls for immediate grants, loans to ensure survival

The leading U.S. airline trade group and dozens of other U.S. aviation industry trade groups on Thursday called for immediate grants, unsecured loans and limited tax measures to ensure the industry's ability to survive the spread of coronavirus.



5 years ago

Coronavirus deaths in Italy overtake China as economic damage mounts

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.



5 years ago

Starboard nominates four to eBay's board, wants outsider as CEO

Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company's 14-member board.



5 years ago

Factbox: From Boeing to Tennessee whiskey, coronavirus U.S. bailout requests top $2 trillion

As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump's administration and Congress.



5 years ago