Latest News on private equities market

PepsiCo drops Aunt Jemima branding; Uncle Ben's, others under review

PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.



4 years ago

JPMorgan gets China's nod for first fully foreign-owned futures business

China on Thursday approved JPMorgan's application to operate the first fully foreign-owned futures business, as the world's second-largest economy pushes ahead with opening its multi-trillion-dollar financial market.



4 years ago

Sharp learning curve for bosses as WFH goes global

Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom's Czech operations in the city of Brno, was frustrated with staff video calls. His team didn't like turning on their cameras and the discussion was stilted.



4 years ago

Oil prices tick up amid mixed signals from U.S. data

Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.



4 years ago

Amazon to hire 3,000 people in South Africa for customer service roles

Amazon.com Inc is hiring 3,000 people in South Africa this year to provide support to customers in North America and Europe, it said on Thursday.



4 years ago

Ford to offer hands-free driving in 2021 - six years after Tesla

Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.



4 years ago

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources

The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.



4 years ago

KKR to buy Dutch vacation park operator Roompot

U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.



4 years ago

U.S. Chamber urges China to accelerate purchases of U.S. goods

The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.



4 years ago

Automakers rev up U.S. assembly lines, wary of outside risks to workers

Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.



4 years ago

Dollar and yen supported by fears of new pandemic wave; Norway's crown shines

The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.



4 years ago

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.



4 years ago

Futures drift lower ahead of jobless claims data

Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.



4 years ago

Top economists want to swap those $600 unemployment benefits with up to $400 a week

A group of economists has proposed replacing the weekly $600 unemployment enhancement with up to $400 a week and encouraging people to find jobs with payroll subsidies.

4 years ago

Chanel warns virus impact will linger on luxury sector

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.



4 years ago