Latest News on private equities market

U.S. weekly jobless claims fall, but millions still unemployed

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.



4 years ago

Japan's Takeda to sell some Asia-focused drugs to Celltrion for $278 million

Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea's Celltrion Inc for $278 million, it said on Thursday



4 years ago

Here's how the pandemic is reshaping career planning for college students

College students returning to school, or just entering, this fall may be wondering what, if anything, they should do to adjust in the light of the coronavirus pandemic. One option may be to reconsider their choice of major.

4 years ago

Factbox: Unilever's bid to end Anglo-Dutch dual-headed structure

Anglo-Dutch Unilever plans to become a single holding company based in Britain, unwinding a dual-headed structure which has been in place for 90 years.



4 years ago

Dems, GOP continue to spar over extension of extra $600 in unemployment benefits

Democrats and Republicans in Congress are butting heads over the extension of enhanced unemployment payments past July, when they're scheduled to expire.

4 years ago

Wall Street slides at open on fears of second virus wave

U.S. stocks opened sharply lower on Thursday with the Nasdaq falling after a four-day rally on fears of a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve.



4 years ago

Employers face reckoning from the George Floyd protests—pressure to close the racial wage gap

Protests against police brutality are shining a light on the issue of systemic racism. Will companies finally take steps to address the racial pay gap?

4 years ago

Pershing Square's Ackman eyes $1 billion-plus 'blank-check' company, sources say

Ackman, whose New York-based hedge fund has more than $10 billion in assets under management, is working with investment banks Jefferies, UBS Group AG and Citigroup on the IPO, referred to on Wall Street as a special purpose acquisition company (SPAC), the sources said.

4 years ago

PayPal pledges over $500 million to support minority-owned U.S. businesses

PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.



4 years ago

Medicare isn't free. Here's how much you may need to pay for it in retirement

The amount you pay out of pocket through Medicare could climb well into six-figure territory over the course of your retirement, depending on your specific coverage and your use of the health-care system.

4 years ago

Exclusive: Pershing Square's Ackman eyes $1 billion-plus 'blank-check' company - sources

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind, according to people familiar with the matter.



4 years ago

Uber, Lyft drivers are employees, says California regulator

Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will now be considered employees under California's new gig worker law, the state's public utilities agency said on Thursday.



4 years ago

Cramer on stock market plunge: There's been a 'happiness trade' out of sync with 'everything'

"I think you just kind of have to let it come down and see whether there's anything left of the day traders after they have their margin calls," said "Mad Money" host Jim Cramer.

4 years ago

Volkswagen blames cultural insensitivity for ad criticised as 'racist'

Volkswagen on Thursday apologised for posting on its Instagram page last month an advert widely criticised as "racist", and said it was published because of a lack of cultural sensitivity.



4 years ago

Wall Street lower on fears of new virus wave, Fed's cautious outlook

The S&P 500 and the Dow Jones hit a one-week low on Thursday, after a sharp climb over the past month, as investors worried about a second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve.



4 years ago