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Latest News on private equity markets

Major U.S. internet firms agree not to cancel service over next 60 days: FCC

The Federal Communications Commission said Friday that major internet providers - including Comcast Corp, AT&T Inc and Verizon Communications Inc - agreed not to terminate service for subscribers for the next 60 days if they are unable to pay their bills due to disruptions caused by the coronavirus.



4 years ago

Iran security forces to empty city streets to fight coronavirus

Security forces will empty the streets of cities across Iran in the next 24 hours in a drive to fight the spread of the new coronavirus, state television reported on Friday.



4 years ago

Renault's two Spanish plants to stop for two days amid coronavirus outbreak

French auto maker Renault's two Spanish plants, in Valladolid and in Palencia, will cease production for two days next week due to a lack of components amid a coronavirus epidemic, a company spokesman said on Friday.



4 years ago

British Airways in battle for 'survival' over coronavirus

British Airways warned that its survival was at stake on Friday as its CEO told staff of plans to cut jobs and ground aircraft to tackle the "worsening situation" caused by coronavirus.



4 years ago

Wall Street rebound loses steam on report Trump to declare emergency

A rebound on Wall Street on Friday fizzled out following reports that President Donald Trump was set to declare a national emergency to tackle the rapidly spreading coronavirus outbreak.



4 years ago

GM, Ford to have white-collar employees work remotely starting Monday

U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.



4 years ago

Activist fund Elliott backs SoftBank's $4.8 billion buyback plan

Activist investor Elliott Management said on Friday it supports SoftBank Group Corp's latest move to buy back up to $4.8 billion of its shares.



4 years ago

Airline stocks soar on hopes for financial relief from coronavirus, Delta up 10%

Airlines are arguably the hardest hit industry due to the travel restrictions to slow down the spreading of the coronavirus.

4 years ago

Apple shifts annual developers conference to online-only format

Apple Inc on Friday called off the in-person portion of its annual developers conference scheduled to be held in San Jose and said it would run the program entirely online in June because of coronavirus fears.



4 years ago

World stocks rise on spending hopes but bounce fizzles

Stocks across the globe bounced back on Friday after historic drops, but hopes of more central bank stimulus and government spending went only so far and the comeback lost steam in a week of pandemic panic-selling across markets.



4 years ago

Keep calm and carry on: what is the logic behind Britain's coronavirus bet?

British Prime Minister Boris Johnson has cautioned that more families will lose their loved ones to the coronavirus but has taken a distinctly different approach to tackling the outbreak.



4 years ago

Icahn is shorting the commercial real estate market, which he says is going to 'blow up'

Billionaire investor Carl Icahn told CNBC's Halftime Report on Friday that his largest short position is in commercial real estate.

4 years ago

Volkswagen's Spanish unit SEAT to stop on Monday: spokesman

The main plant of Volkswagen AG's Spanish unit Seat in Martorell near Barcelona will stop output on Monday for an unspecified time due to logistical problems linked to the coronavirus epidemic, a company spokesman said on Friday.



4 years ago

AT&T asks employees to work from home amid virus fears

U.S. carrier AT&T Inc on Friday asked its employees to work from home amid rising fears of the coronavirus, joining a list of tech majors working to curb the spread.



4 years ago

UK banks prop up SMEs with £7bn amid coronavirus outbreak

FintechFutures | Ruby Hinchliffe | March 11, 2020 UK banks are taking a number of measures to help prop up the country’s small and medium-sized enterprises (SMEs) as the coronavirus continues to spread and impact businesses globally. NatWest has committed a £5 billion fund, whilst Lloyds Banking Group has committed £2 billion in fee-free finance

4 years ago