KRTL BioTech

Latest News on private equity markets

McDonald's pulls 2020 outlook as quarterly comparable sales fall 3.4%

McDonald's Corp posted a steeper-than-expected decline in quarterly comparable store sales and the company pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter stores and stick to delivery or take-out.



4 years ago

The Fed is lifting Wells Fargo's asset cap so it can help lend to small business

The Fed had imposed the restrictions following the bank's fake account scandal in which it created millions of accounts for customers without their knowledge.

4 years ago

Cramer says he and hedge fund billionaire David Tepper are confused by the market's recent rally

"There's a curious disconnect between when you speak to the companies, most of which are closed, and what's going on in the market," CNBC's Jim Cramer said Wednesday.

4 years ago

Oil futures pare gains after U.S. inventories surge most on record

Oil prices pulled back Wednesday, with benchmark Brent turning negative as U.S. crude inventories surged the most on record, but the pullback was muted by hopes that a meeting between OPEC and allied producers on Thursday will trigger output cuts.



4 years ago

Nordstrom temporarily shutters headquarters on coronavirus fears

Nordstrom Inc has temporarily shut down its corporate headquarters in Seattle due to the spread of the coronavirus in the area, the retailer said in a filing on Wednesday.



4 years ago

Ferrari to pilot employee screening for coronavirus: Elkann

Luxury group Ferrari will pilot a project to conduct voluntary screening of employees and their families to better fight the novel coronavirus outbreak, the head of holding group Exor , which controls the supercarmaker, said on Wednesday.



4 years ago

Video service Zoom taking security seriously: U.S. government memo

Video conferencing company Zoom has been responsive to concerns over its software, the U.S. Department of Homeland Security (DHS) said in a memo recently distributed to top government cybersecurity officials and seen by Reuters.



4 years ago

Exclusive: Venezuela gasoline shortages worsen as U.S. tells firms to avoid supply - sources

Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only provide diesel, according to five people familiar with the situation.



4 years ago

Fed modifying asset cap so Wells Fargo can make more small business loans

The U.S. Federal Reserve said on Wednesday it would "temporarily and narrowly" modify the growth restriction on Wells Fargo & Co's asset cap so the bank can make more loans under government assistance programs for small businesses hurt by the coronavirus disruption.



4 years ago

Walmart's Mexico unit hires over 7,700 employees to manage higher demand

Walmart de Mexico, known locally as Walmex , has hired 7,741 employees to manage higher volume and demand at its stores, the retailer said in a statement on Wednesday



4 years ago

McDonald's pulls forecast as coronavirus outbreak hits quarterly sales

McDonald's Corp posted a steeper-than-expected decline in first-quarter comparable store sales and the burger chain pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter stores and stick to delivery or take-out.



4 years ago

Coming next from the Fed: How much 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

Skipping a mandatory distribution from your IRA? Everything you need to know

Congress gave retirement savers a bit of relief, allowing them to skip required minimum distributions from their IRAs and retirement plans in 2020. Here are a few frequently asked questions and answers.

4 years ago

Airbus cuts jet production to cope with coronavirus crisis

Airbus on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis.



4 years ago

Lufthansa's Austrian unit negotiates state aid, job cuts

Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier said on Wednesday, adding the talks were at an early stage and will probably take weeks.



4 years ago