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Latest News on private equity markets

Cineworld suspends dividend, defers pay to cushion virus hit; shares soar

Cineworld's shares soared 36% on Tuesday after it suspended its dividend and said it was in talks with landlords, film studios and major suppliers to offset the impact of the closure of all its 787 cinemas due to the coronavirus pandemic.



4 years ago

Your lender might let you miss a few mortgage payments. Three questions you should ask first

Lenders are allowing borrowers affected by the coronavirus pandemic to miss some of their mortgage payments. But there's more to this relief than meets the eye. What you should know.

4 years ago

More than half of Americans can't pass a basic quiz on Social Security

Deciding when to claim Social Security is one of the biggest decisions a retiree can make. Yet many Americans who are near retirement can't pass a basic test on rules pertaining to those benefits. Find out if you can answer the questions most respondents got right and wrong.

4 years ago

Goldman Sachs must face class action over conflicts of interest, risky mortgages

Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime securities before the 2008 financial crisis.



4 years ago

Hopes of progress against virus lift stocks, weigh on dollar

World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.



4 years ago

Side effects: Fuel demand crash shuts U.S. ethanol plants, meatpackers lack refrigerant

A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying side-effect: less carbon dioxide is now available to chill beef, poultry and pork.



4 years ago

Exxon lops 30% off 2020 spending, deeper and later than rivals

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble.



4 years ago

Wall Street gains on signs of coronavirus slowdown

Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working.



4 years ago

Southwest building June flight schedule to reflect 'different phases of recovery'

Southwest Airlines Co said on Tuesday it would publish this week a new flight schedule for June 6 to June 27 with overall flight activity dropping by about 50% while taking into account "different phases of the recovery anticipated ahead."



4 years ago

Millions of aviation jobs at risk, airlines can't afford refunds: IATA

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline finances were so fragile they could not afford to refund customers.



4 years ago

Pandemic to wipe out 6.7% of working hours worldwide in second quarter: ILO

The COVID-19 pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of this year, equivalent to the labour of 195 million full-time workers, the International Labour Organization (ILO) said on Tuesday.



4 years ago

U.S. economy will eventually reopen but with big changes: White House's Kudlow

The Trump administration is aiming to reopen the U.S. economy when the nation's top health experts give the go-ahead, but Americans' lives will be drastically different, White House economic adviser Larry Kudlow said on Tuesday.



4 years ago

Honda, Nissan furlough U.S. workers as auto demand plummets

Honda Motor Co and Nissan Motor Co on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country.



4 years ago

WeWork sues SoftBank after $3-billion tender offer falls through

WeWork's owner, The We Company, has sued SoftBank Group , challenging its largest shareholder's decision to terminate a $3 billion tender offer for shares in the office-space sharing firm.



4 years ago

Your forgivable loan may be undercut by this provision of the Paycheck Protection Program

Some small businesses may not benefit from the Paycheck Protection Program's forgivable loans as much as they think.

4 years ago