Latest News on private equities market

Exclusive: U.S. companies can work with Huawei on 5G standards - Commerce Department

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China's Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.



4 years ago

Tesla negotiating incentives for possible Texas vehicle assembly plant, report says

Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.



4 years ago

NYSE to reopen trading floor to some market makers on Wednesday

The New York Stock Exchange will allow a limited number of market makers to return to its trading floor on Wednesday, a spokesperson said, nearly three months after closing it due to the coronavirus pandemic.



4 years ago

A 'Medigap' policy picks up some costs that Medicare won't. Here are tips for choosing one

Medigap policies are standardized regardless of which insurance company sells them and where you live, yet there can be a big variation in premiums from insurer to insurer. Here's how some of that pricing works and other tips for navigating your options.

4 years ago

IAG's Walsh rejects lawmakers' criticism over British Airways plan

British Airways is fighting for its survival and has acted lawfully, Willie Walsh, the chief executive of the airline's owner IAG said on Monday, in a terse response to lawmakers who heavily criticised its treatment of employees.



4 years ago

JPMorgan to bring back more traders to office next week: source

JPMorgan Chase & Co plans to start returning more traders and sales staff to its Manhattan headquarters starting next week with volunteers, a source familiar with the matter said on Monday.Roughly 20% of the bank's sales and trading staff have worked at its New York office throughout the coronavirus pandemic. Starting on June 22, the bank will gradually increase its in-office staff to as much as 50% by mid-July, the source said.



4 years ago

Wall Street closes higher as Fed soothes recovery worries

Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.



4 years ago

JPMorgan is bringing more traders back to New York headquarters starting next week

Wall Street is on the cusp of reopening its trading floors amid what has been a historic run in markets.

4 years ago

Apple-backed study sheds light on physical sales through App Store

Apple Inc on Monday released the results of a study that found its App Store spurred $458 billion in sales last year from categories such as retail of physical goods, ride-hailing and advertising from which the iPhone maker takes no commission.



4 years ago

Embraer to receive $600 million loan, partly backed by government, due to coronavirus

Planemaker Embraer said on Monday it will receive a $600 million loan, financed partly by Brazil's government, to help the company weather the coronavirus crisis that has ravaged the air travel industry.



4 years ago

Two former Pinterest policy employees say they faced racism at work

Two former Pinterest employees who left the image-sharing company in late May publicly alleged in tweets on Monday that they had experienced racial discrimination in the workplace.



4 years ago

Federal disaster loan program applications no longer limited to agricultural businesses

The Small Business Administration is reopening its Economic Injury Disaster Loan and EIDL advance grant portal to a broader array of eligible small businesses and nonprofits affected by the coronavirus pandemic, beginning Monday.

4 years ago

Delta to resume passenger flights to China next week

Delta Air Lines said on Monday it would resume passenger flights to Shanghai from Seattle, via Seoul, next week following Chinese government approval for U.S. carriers to fly there, with once weekly flights from Seattle and Detroit beginning in July.



4 years ago

U.S. companies can work with Huawei on 5G, other standards: Commerce Dept

The United States on Monday confirmed a Reuters report that it will amend its prohibitions on U.S. companies doing business with China's Huawei [HWT.UL] to allow them to work together on setting standards for next-generation 5G networks.



4 years ago

GM CEO optimistic on U.S. demand, China, EV profitability

General Motors Co's top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric vehicles at a profit, especially in China.



4 years ago