Latest News on private equities market

Recording Academy fires first female CEO, alleging misconduct

The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.



5 years ago

White House set to meet with airline, cruise industry CEOs

The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed on Monday.



5 years ago

Novartis unit Sandoz agrees to pay $195 million to resolve antitrust charges

Novartis' generic drugs unit Sandoz has agreed to pay $195 million to reach a deferred prosecution agreement aimed at resolving antitrust charges, the Justice Department said on Monday.



5 years ago

Britain vows 'hard bargain' in list of demands for U.S. trade deal

Britain on Monday unveiled its mandate for trade talks with the United States, with Prime Minister Boris Johnson vowing to drive a hard bargain in negotiations that are set to test the two allies' "special relationship".



5 years ago

Trillium Asset calls for separation of J&J's CEO and chairman roles

Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.



5 years ago

Honda to cut production at Japanese plants on sourcing concerns

Japan's Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.



5 years ago

Google's self-driving sister, Waymo, gets first outside investors

Waymo, the self-driving unit of Alphabet Inc , said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors.



5 years ago

Dow has biggest daily jump since 2009 as Wall Street buys the dip

The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week's steep sell-off sparked by fears about the coronavirus.



5 years ago

Shareholder calls for separation of J&J's CEO and chairman roles

Trillium Asset Management LLC has called for the separation of Johnson & Johnson's chairman and chief executive officer roles, currently held by Alex Gorsky, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/200406/000020040620000014/a2020jnjproxy.htm by the healthcare conglomerate on Monday.



5 years ago

Bets on big Fed rate cuts rise as virus spreads, ECB vows action

Traders on Monday piled into bets the U.S. Federal Reserve will deliver a big dose of stimulus starting this month amid mounting concern over the economic impact from the coronavirus and indications that global central banks are readying a monetary rescue.



5 years ago

U.S.' Mnuchin, Powell to lead G7 finance call on coronavirus response

G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the widening coronavirus outbreak and its economic impact, a U.S. Treasury spokeswoman said on Monday.



5 years ago

Top central banks appear primed to act to combat coronavirus risk

The world's top three central banks look set to take steps to limit the economic damage from the fast-spreading coronavirus, with the heads of the European Central Bank and Bank of Japan issuing emergency statements on Monday that echoed one from U.S. Federal Reserve Chair Jerome Powell late last week.



5 years ago

Global shares extend rebound on policy action hopes

Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus.



5 years ago

Musk tweets support for Dorsey remaining as Twitter CEO

Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc's chief executive officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role.



5 years ago

Facebook pulls out of South by Southwest festival over coronavirus fears

Facebook Inc is pulling out of this year's South by Southwest (SXSW) music and tech festival over growing concerns about the coronavirus outbreak, a spokesperson for the company said on Monday.



5 years ago