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Latest News on private equity markets

After a rush for more small business funding, PPP loan money remains untapped

More than a month into round two of the Paycheck Protection Program, there's more than $120 billion still left unallocated for small businesses.

5 years ago

FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.



5 years ago

Twitter names Patrick Pichette as chair of board

Twitter Inc said on Tuesday that it appointed Patrick Pichette as chair of the social network's board of directors, replacing Omid Kordestani.



5 years ago

Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional

An advocacy group backed by the tech industry filed a lawsuit on Tuesday against President Donald Trump's executive order on social media, as U.S. technology companies have been fighting White House efforts to weaken a law that protects them.



5 years ago

Zoom doubles full-year revenue forecast on remote-work boost

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, riding on a surge in usage of its video conferencing platform due to coronavirus-driven lockdown measures globally.



5 years ago

Equities cruise to three-month highs, dollar under protest pressure

World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.



5 years ago

GM should emerge from pandemic with permanently lower costs: CEO

General Motors Co should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday.



5 years ago

Wall Street closes up on signs of economic rebound

A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.



5 years ago

LVMH's takeover of Tiffany seen as uncertain: WWD

French luxury goods group LVMH's $16.2-billion takeover of Tiffany & Co is looking less likely to go through, amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported on Tuesday.



5 years ago

Advocacy group sues to block Trump social media executive order

A Washington-based advocacy group on Tuesday asked a U.S. judge to invalidate an executive order on social media companies President Donald Trump signed last week claiming it violates the First Amendment.



5 years ago

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.



5 years ago

Wells Fargo stops giving loans to most independent car dealerships

Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.



5 years ago

Zoom doubles forecast for full-year revenue on remote-work boost

Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.



5 years ago

Twitter names ex-Google CFO Patrick Pichette chairman

Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.



5 years ago

Lyft says May rides jump 26% from prior month

Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.



5 years ago