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Latest News on private equity markets

Google's fast-growing Meet video tool getting Zoom-like layout, Gmail link

Google will allow business and education users on Gmail.com to directly take calls on its video conferencing tool Meet starting Thursday, a new feature being offered as the Alphabet Inc unit seeks to capitalize on security and other concerns with rival services.



5 years ago

Takeway can integrate Just Eat, British watchdog says

Britain's Competition and Markets Authority (CMA) has decided Dutch online food ordering company Takeaway.com can proceed with its integration of Just Eat, the company said on Thursday, although an investigation into the combination continues.



5 years ago

Fed says backstop for small business loans fully operational

The Federal Reserve's program to back emergency government loans to small businesses is "fully operational," the U.S. central bank said on Thursday, a boost to banks as they await a possible expansion to the total amount of funds they will be allowed to disburse to help companies through the coronavirus crisis.



5 years ago

Wall Street set for higher open on lockdown easing hopes, jobless claims

Wall Street was set to open higher on Thursday as weekly jobless claims fell slightly from the previous week and on hopes President Donald Trump would push to ease strict stay-at-home restrictions.



5 years ago

Abbott beats profit estimates but suspends forecast on coronavirus concerns

Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-led uncertainty.



5 years ago

Ferrari producing valves to convert underwater masks for Covid-19 treatment

Luxury carmaker Ferrari is producing specialist valves at its Maranello factory to convert snorkel masks into respirators used to treat coronavirus patients, Chairman John Elkann said on Thursday.



5 years ago

US banks have an opportunity to be 'heroes' in the coronavirus crisis, fund manager says

U.S. banks have a huge opportunity to emerge from the coronavirus as "heroes" and "good guys," a fund manager told CNBC on Wednesday.

5 years ago

BlackRock's assets under management shrink amid market turmoil

BlackRock Inc's assets under management dipped sharply in the first quarter amid turmoil in global markets caused by concerns about the economic fallout of the coronavirus outbreak.



5 years ago

U.S. weekly jobless claims highlight economic carnage from coronavirus

A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak.



5 years ago

Coronavirus hurts corporate activism as M&A, buybacks decline

Activist shareholders are likely to scale back campaigns in coming weeks as target companies brace for a deep recession and their favorite calls for change - ranging from mergers to returning cash - are ignored during the coronavirus outbreak.



5 years ago

Facebook to notify users who have engaged with harmful COVID-19 posts

Facebook Inc said on Thursday it would start notifying users who had engaged with false posts about COVID-19 which could cause physical harm, such as drinking bleach to cure the virus, and connect them to accurate information.



5 years ago

U.S. opposes massive liquidity IMF boost: Mnuchin

The United States opposes creation of liquidity through issuance of the International Monetary Fund's Special Drawing Rights (SDRs) as part of the response to the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Thursday.



5 years ago

VW ditches outlook after COVID-19 hammers first-quarter profit

Germany's Volkswagen Group withdrew its outlook for 2020 on Thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81% in the first quarter.



5 years ago

Morgan Stanley profit plunges, warns of more pain ahead

Morgan Stanley posted a 32% fall in quarterly profit on Thursday as the coronavirus pandemic stalled dealmaking and warned that the crisis would continue to weigh on its operations in the coming months.



5 years ago

Stocks head for higher ground, Italian bond stress eases

Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies and a bounce in oil offset some truly dismal global economic data.



5 years ago