Latest News on private equity markets

Occidental nears deal with activist Icahn on proxy battle: source

Occidental nears deal with activist Icahn on proxy battle: source

U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter.



6 years ago
Airbus says plants to reopen at slower production rate

Airbus says plants to reopen at slower production rate

Airbus confirmed on Sunday it would resume only partial aircraft production when its French and Spanish factories reopen on Monday after a four-down shutdown to tackle health concerns over the coronavirus.



6 years ago
Domestic travel, airline hubs the latest hit as coronavirus restrictions tighten

Domestic travel, airline hubs the latest hit as coronavirus restrictions tighten

Airlines cancelled more flights on Monday as Australia and New Zealand advised against non-essential domestic travel, the United Arab Emirates (UAE) halted flights for two weeks and Singapore and Taiwan banned foreign transit passengers.



6 years ago
Boeing worker at Everett plant dies from coronavirus: Seattle Times

Boeing worker at Everett plant dies from coronavirus: Seattle Times

A worker at Boeing Co's Everett factory outside Seattle who had the coronavirus has died, the Seattle Times reported on Sunday, citing co-workers, a union official and a Facebook post by the man's brother.



6 years ago
Ford, GM, Tesla getting 'go ahead' to make ventilators: Trump

Ford, GM, Tesla getting 'go ahead' to make ventilators: Trump

U.S. President Donald Trump said on Sunday that U.S. automakers Ford Motor Co, General Motors Co and Tesla Inc had been given the green light to produce ventilators and other items needed during the coronavirus outbreak.



6 years ago
Starbucks closes most U.S., Canada cafes, moves to drive-through

Starbucks closes most U.S., Canada cafes, moves to drive-through

Starbucks Corp said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.



6 years ago
Airlines appear to come up short in bid to win cash grants in rescue package

Airlines appear to come up short in bid to win cash grants in rescue package

A last-ditch effort by the chief executives of major U.S. airlines to try to win cash grants to weather the coronavirus crisis looked to be unsuccessful, four congressional aides and airline officials said late Saturday.



6 years ago
Amazon raises overtime pay for warehouse workers

Amazon raises overtime pay for warehouse workers

Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.



6 years ago
Musk, Medtronic discuss ventilators amid coronavirus outbreak

Musk, Medtronic discuss ventilators amid coronavirus outbreak

As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief Executive Officer Elon Musk said he has had a discussion about ventilators with medical device maker Medtronic.



6 years ago
Volkswagen CEO warns factory closures may drag on for weeks

Volkswagen CEO warns factory closures may drag on for weeks

Volkswagen AG CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned.



6 years ago
Virus hit UK companies told to halt financial statements

Virus hit UK companies told to halt financial statements

Britain's listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, the Financial Conduct Authority said on Saturday.



6 years ago
Exclusive: Agitating bondholders press Argentina to step up efforts

Exclusive: Agitating bondholders press Argentina to step up efforts

Agitating bondholders have written to Argentina's government, accusing it of not doing enough to allow the country's crucial debt restructuring negotiations to make progress, according to bondholder sources involved in the process.



6 years ago
Emirates stops flights to New York and other cities as virus crushes demand

Emirates stops flights to New York and other cities as virus crushes demand

Emirates is suspending flights to cities including New York, Delhi and Melbourne due to the coronavirus outbreak that has severely hit travel demand.



6 years ago
Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.



6 years ago
Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.



6 years ago