Latest News on private equity markets

Spread of coronavirus accelerates in U.S. jails and prisons

Spread of coronavirus accelerates in U.S. jails and prisons

Sean Hernandez says he covers his mouth and nose with a t-shirt or towel when he leaves his cell, the only defense he can improvise against the coronavirus outbreak now sweeping through New York’s Rikers Island jail system.



6 years ago
Partisan divide returns in U.S. Congress on coronavirus next steps

Partisan divide returns in U.S. Congress on coronavirus next steps

Fresh partisan divisions flared on Sunday on the next steps for the U.S. Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Speaker Nancy Pelosi signaled she plans to move forward with it.



6 years ago
Tap your health savings account first for medical costs during the coronavirus outbreak

Tap your health savings account first for medical costs during the coronavirus outbreak

Health savings accounts, or HSAs, allow you to use tax-free money towards medical expenses. Here's how to use it during the coronavirus pandemic.

6 years ago
The U.S. weighs the grim math of death vs. the economy

The U.S. weighs the grim math of death vs. the economy

Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.



6 years ago
New Orleans doctors scramble as coronavirus deaths, cases soar

New Orleans doctors scramble as coronavirus deaths, cases soar

Emergency room doctor Thomas Krajewski stopped at the hospital room door at 2 a.m. to glance at the chart. He knew instantly the long odds faced by the patient inside: A man in his 70s, with a fever, short of breath.



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
Neobanks Can’t Fight the COVID-19 “Flight to Quality”

Neobanks Can’t Fight the COVID-19 “Flight to Quality”

Linkedin | Richard Turrin | March 29, 2020 Neobanks are caught in the middle of a coronavirus induced "flight to quality" that they may not be able to fight. Investors are moving capital away from risk and toward the safety of larger incumbents. Preliminary figures from the Federal reserve show large cash movements into the larger incumbent

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
Facebook commits $100 million to support news media hurt by virus crisis

Facebook commits $100 million to support news media hurt by virus crisis

Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.



6 years ago
Harley-Davidson says investor Impala drops plans for board nominations

Harley-Davidson says investor Impala drops plans for board nominations

Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.



6 years ago
IMF says ECB, ESM support key to strong EU coronavirus response

IMF says ECB, ESM support key to strong EU coronavirus response

The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pandemic.



6 years ago
Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes

Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes

UBS Group intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the global economy.



6 years ago
World equity markets edge higher despite oil plunge to 2002 lows

World equity markets edge higher despite oil plunge to 2002 lows

Global equity benchmarks rose slightly on Monday despite a drop in oil prices to their lowest levels since 2002, as central banks and the United States tried to contain damage from the rapidly spreading coronavirus that has upended the global economy.



6 years ago
UAE's flydubai to cut salaries for three months due to coronavirus

UAE's flydubai to cut salaries for three months due to coronavirus

United Arab Emirates' airline flydubai will cut salaries for three months from April due to the impact of the global coronavirus pandemic on its business, a spokeswoman said on Monday.



6 years ago
The historic $2 trillion CARES Act will be an economic lifeline for gig workers and freelancers

The historic $2 trillion CARES Act will be an economic lifeline for gig workers and freelancers

The $2 trillion federal stimulus package known as the CARES Act, signed into law by President Trump on Friday, takes unprecedented steps to provide a social safety net for the self-employed.

6 years ago