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Latest News on private equity markets

U.S. jobless claims exceed six million for second week in a row

A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy.



4 years ago

Airbus's landmark jet output cut faces crucial test

Airbus's decision to cut output of its best-selling jet by a third amid coronavirus marks a huge shift for the European planemaker, which has enjoyed virtually unbroken growth since it began competing toe-to-toe with Boeing almost 20 years ago.



4 years ago

Explainer: Next from the Fed - Help for Main Street

The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.



4 years ago

Morgan Stanley CEO diagnosed with coronavirus in March, since recovered -bank video

Morgan Stanley Chief Executive Officer James Gorman was diagnosed as being infected by the novel coronavirus after first experiencing symptoms nearly a month ago and has fully recovered, according to a video that was sent to the bank's employees on Thursday.



4 years ago

Oil slumps, investors say OPEC supply cuts won't be enough

Oil prices slumped on Thursday, giving back an earlier 10% surge as investors doubted the emerging supply-cut agreement between members of OPEC and its allies would adequately address the global fuel demand collapse caused by the coronavirus pandemic.



4 years ago

Dollar drops after Fed launches new loan program, curbing safety bids

The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.



4 years ago

Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg

Caterpillar Inc is in talks with banks for a new $3 billion nine-month revolving credit facility, Bloomberg https://bloom.bg/34nIvAB reported on Thursday, citing people familiar with the matter.



4 years ago

Unemployed and eligible for Social Security? Here's what you need to know

If you're out of work and 62 or older, you may be tempted to claim Social Security retirement benefits to fill your income gap. But there are consequences for getting those checks early. Here's everything you need to know before you make a decision.

4 years ago

Volkswagen furloughs workers at Tennessee auto plant starting April 11

Volkswagen AG said it will furlough workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.



4 years ago

Instant View: OPEC+ potential cuts won't be enough to halt oil collapse - analysts

OPEC and other major oil producers on Thursday discussed potential big output cuts in the face of a huge fall in demand due to the coronavirus crisis.



4 years ago

Wall Street rises on latest Fed rescue program

Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve unleashed its latest program designed to buttress local governments and businesses crushed by moves to slow the coronavirus outbreak.



4 years ago

Mnuchin says U.S. economy could open in May, defying experts

U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite experts' emphasis on prolonged social distancing measures to defeat the coronavirus.



4 years ago

Fed, BoE push deeper into uncharted territory in face of coronavirus slump

The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.



4 years ago

Citigroup starts accepting paycheck protection program application

Citigroup Inc said on Thursday, that it has started accepting applications for the $349 billion small business bailout fund.



4 years ago

Air France KLM says it needs government support to continue operations

Air France KLM said that despite cost-cutting measures to stave off the impact of the coronavirus crisis, it expects it will be short of cash in the third quarter, but said it was confident that the French and Dutch governments would support the group.



4 years ago