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Latest News on private equity markets

Shell to suspend construction of Pennsylvania chemical facility

Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.



4 years ago

JPMorgan Chase to close 1,000 Chase branches on coronavirus concerns

JPMorgan Chase and Co will temporarily shut about 1,000 bank branches, roughly 20%, to protect employees and reduce the spread of the coronavirus, according to a memo the bank sent to employees Wednesday.



4 years ago

Simon Property to close U.S. malls, retail outlets as coronavirus spreads

Simon Property Group Inc , America's biggest mall operator, said on Wednesday it would temporarily close all its retail properties, including the Forum Shops at Caesars Palace in Las Vegas, to tackle the fast-spreading coronavirus.



4 years ago

UK faces 'massive shortage' of ventilators - Swiss manufacturer

Britain faces a "massive shortage" of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday.



4 years ago

6 Things to Consider Before You Make Investing Decisions

Guest Post | March 18, 2020 If there’s an open secret that most successful businessmen share, it’s this: diversify your investments. In this way, if one venture results in failure, you are ensured that you have other aspects of your business that will support you through this rough patch. The question is, how do you

4 years ago

How to support small businesses crushed by coronavirus with a gift certificate

To help small businesses survive the coronavirus economic shock, online lender Kabbage created a platform where shoppers can buy a gift certificate now to be redeemed in-store later.

4 years ago

GM studying if automaker could support production of medical equipment

General Motors Co on Wednesday confirmed it is considering how it could support production of medical equipment like ventilators that may be needed during the coronavirus outbreak.



4 years ago

Dow loses almost all that it gained during Trump's presidency

As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average effectively erased the last of the once sizeable gains it made under U.S. President Donald Trump.



4 years ago

Tesla prepares to reduce staff by 75% at California plant: Bloomberg News

Tesla Inc is preparing to reduce staffing by about 75% at its lone U.S. assembly plant after initially resisting an order from the local sheriff, Bloomberg News reported on Wednesday, citing a county spokesman.



4 years ago

Marriott withdraws 2020 outlook as cancellations mount due to coronavirus

U.S. hotel operator Marriott International Inc said on Wednesday it was withdrawing its 2020 financial outlook as cancellations mount due to the coronavirus outbreak.



4 years ago

NYSE to shift fully to e-trading from March 23 on coronavirus worries

Intercontinental Exchange Inc said the New York Stock Exchange (NYSE) will temporarily close the trading floors and move fully to electronic trading beginning Monday due to the coronavirus outbreak.



4 years ago

The story on the Street: 'People sell what they can sell, not what they want to sell'

The rush for the exits is breathtaking and feverish, brought on by a biological threat whose ultimate reach remains uncertain.

4 years ago

Wall Street slumps again as fears continue to spiral, Dow all but erases 'Trump-bump'

U.S. stocks deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump's 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity.



4 years ago

Air Canada to suspend majority of its international, U.S. trans-border flights

Air Canada said on Wednesday it would gradually suspend the majority of its international and U.S. trans-borderflights by March 31 in response to the coronavirus crisis.



4 years ago

Tesla to limit workers at California factory with virus lockdown order, county says

Tesla Inc has agreed to reduce the number of active workers at its California vehicle factory, but remains in talks over other measures to comply with a regional lockdown to curb the spread of coronavirus, a county spokesman said on Wednesday.



4 years ago