Latest News on private equity markets

France's Carrefour gives masks after staff walkout over coronavirus

France's Carrefour gives masks after staff walkout over coronavirus

Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday.



6 years ago
Macy's to furlough nearly 130,000 employees as virus keeps stores shut

Macy's to furlough nearly 130,000 employees as virus keeps stores shut

Macy's Inc said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus.



6 years ago
Harley-Davidson settles board fight with investor Impala

Harley-Davidson settles board fight with investor Impala

Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America's oldest and best-known motorcycle maker.



6 years ago
Disney Chairman Bob Iger to forgo salary amid virus crisis

Disney Chairman Bob Iger to forgo salary amid virus crisis

Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek.



6 years ago
Williams-Sonoma, Pottery Barn unit made unsubstantiated 'made in America' claims: FTC

Williams-Sonoma, Pottery Barn unit made unsubstantiated 'made in America' claims: FTC

Luxury kitchenware company Williams-Sonoma Inc and its Pottery Barn unit have agreed to stop making unsubstantiated "made in America" claims and to pay $1 million, the Federal Trade Commission said on Monday.



6 years ago
Lockdown set to stymie Fiat attempt to restart some Italian production

Lockdown set to stymie Fiat attempt to restart some Italian production

A probable extension of Italy's lockdown could frustrate an attempt by Fiat Chrysler to resume some vehicle production at three Italian plants next week, a union representative said on Monday.



6 years ago
Wall Street gains as U.S. extends shutdown to limit virus spread

Wall Street gains as U.S. extends shutdown to limit virus spread

U.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors to await more signs on the next stages of a deepening economic crisis.



6 years ago
Aston Martin furloughing some staff after coronavirus plant closures

Aston Martin furloughing some staff after coronavirus plant closures

Britain's Aston Martin said on Monday it is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories.



6 years ago
Coronavirus drives U.S. March auto sales off a cliff

Coronavirus drives U.S. March auto sales off a cliff

U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place.



6 years ago
Bostic: Fed programs could be broadened if they have missed important parts of economy

Bostic: Fed programs could be broadened if they have missed important parts of economy

As U.S. officials role out trillions of dollars in new economic support, a Federal Reserve policymaker on Monday said focus will now shift to whether those programs prove adequate or need to be expanded even further.



6 years ago
Mylan offers concessions to address EU concerns about Pfizer deal

Mylan offers concessions to address EU concerns about Pfizer deal

Generic drugmaker Mylan NV has offered concessions to address European Union antitrust concerns about its bid for Pfizer's off-patent branded drugs business Upjohn, a filing on the European Commission site showed on Monday.



6 years ago
Kohl's extends store closure, draws down $1 billion credit facility amid coronavirus outbreak

Kohl's extends store closure, draws down $1 billion credit facility amid coronavirus outbreak

Kohl's Corp said on Monday it would extend the duration of store closure, and fully draw down on its $1 billion revolving credit facility to control damages from the coronavirus pandemic.



6 years ago
J&J, U.S. government plan one billion doses of coronavirus vaccine

J&J, U.S. government plan one billion doses of coronavirus vaccine

Johnson & Johnson said on Monday it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than 1 billion doses of a vaccine it is testing to fight the new coronavirus that has killed more than 34,000 people around the world.



6 years ago
J&J, Moderna sign deals with U.S. to produce possible coronavirus vaccines

J&J, Moderna sign deals with U.S. to produce possible coronavirus vaccines

The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to expand manufacturing capacity within the United States for vaccines to prevent the new coronavirus even before safe and effective ones become available.



6 years ago
BP will not cut jobs over next three months: CEO Looney

BP will not cut jobs over next three months: CEO Looney

Oil major BP PLC will not cut jobs over the next three months, Chief Executive Officer Bernard Looney said, even as the company seeks to reduce spending following an oil price crash.



6 years ago