Latest News on private equities market

Embraer swaps commercial aviation chief after failed Boeing deal

Brazilian planemaker Embraer SA said on Monday it was replacing the head of its commercial aviation unit after a planned deal to have Boeing Co take over that division fell apart in April.



4 years ago

For shrinking stock markets, corona crisis looks like a turning point

The coronavirus crisis is likely to reverse a decade-long trend of shrinking equity supply that helped to power the longest bull market in history as cash-strapped companies are forced to raise equity instead of buying back their shares.



4 years ago

Fears of fresh virus wave hit Wall Street, S&P 500 slips below 3,000 points

Wall Street's main indexes slumped with the S&P 500 falling below 3,000 points on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery.



4 years ago

United Airlines pledges loyalty program for $5 billion loan

United Airlines said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand.



4 years ago

Carmaker PSA cuts back on transfer of Polish workers to French plant

France's PSA , the maker of Peugeot cars, on Monday said it would only transfer a small group of Polish workers to help out in a French plant where production is being increased, following a backlash over the knock-on effect for local jobs.



4 years ago

UAW president, U.S. prosecutor to meet for union reform talks on June 30

United Auto Workers (UAW) President Rory Gamble will meet Matthew Schneider, the U.S. attorney for the Eastern District of Michigan, at the end of the month in Detroit to begin negotiations for reforming the union, UAW said on Monday.



4 years ago

BP wipes up to $17.5 billion from assets with bleaker oil outlook

BP will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels.



4 years ago

Treasury Secretary Steven Mnuchin says he will talk to lawmakers about small business bailout disclosure

Mnuchin's statements indicating the Treasury and Small Business Administration would not be disclosing the names of those who took out PPP loans angered high-ranking Democrats.

4 years ago

Fed launches long-awaited Main Street lending program

The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, launching arguably the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic.



4 years ago

Explainer: How Fed's Main Street program compares to other small business pandemic aid

The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic.



4 years ago

Stocks, oil slide on fears of second pandemic

Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.



4 years ago

Amazon CEO Jeff Bezos is willing to testify before congress: letter

Amazon Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of antitrust law by big tech firms, according to a letter to the committee.



4 years ago

Wall Street gripped by fears of fresh virus wave

U.S. stocks dropped on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery that had driven a sharp rise in Wall Street's main indexes over the past month.



4 years ago

GE picks Embraer planemaking chief to run aviation unit

General Electric Co on Monday tapped the planemaking head of Brazil's Embraer to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic.



4 years ago

LSE offers no concessions to avert deeper EU probe of Refinitiv deal: sources

The London Stock Exchange will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe.



4 years ago