Latest News on private equity markets

Coronavirus scams, feeding off investor fears, mimic fraud from the 2008 financial crisis

Coronavirus scams, feeding off investor fears, mimic fraud from the 2008 financial crisis

Frauds linked to the coronavirus are already surfacing, and they resemble wrongdoing that emerged during the financial crisis over a decade ago.

6 years ago
Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus

Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus

Panasonic Corp said on Saturday it will temporarily suspend production at its battery joint venture with U.S. electric carmaker Tesla Inc in Nevada because of the coronavirus outbreak.



6 years ago
NYC restaurants face mass layoffs as coronavirus cripples economic life: 'This is a crushing blow'

NYC restaurants face mass layoffs as coronavirus cripples economic life: 'This is a crushing blow'

Jobless claims across New York are spiking as the coronavirus forces restaurants and bars to lay off employees en masse.

6 years ago
Wells Fargo asks Fed to lift cap on growth to support customers: FT

Wells Fargo asks Fed to lift cap on growth to support customers: FT

Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported.



6 years ago
Finnish health boss questions WHO coronavirus testing advice

Finnish health boss questions WHO coronavirus testing advice

Finland's national health authority questioned on Friday the World Health Organization's call on countries to test as many patients as possible for coronavirus, after the country ran out of testing capacity this week.



6 years ago
Covid-19:  Resources and Guides for Businesses and Individuals

Covid-19: Resources and Guides for Businesses and Individuals

NCFA | March 20, 2020 Resources and Guides for Businesses Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses Business Development Bank of Canada - Business continuity plan and templates for entrepreneurs Business Development Bank of Canada – Support for entrepreneurs impacted by coronavirus Coronavirus disease (COVID-19): Resources for Canadian businesses Export Development Canada

6 years ago
United Airlines slashes international schedule by 95% for April

United Airlines slashes international schedule by 95% for April

United Airlines Holdings Inc said on Friday it would slash its international schedule by 95% for April because of government restrictions prohibiting travel in an effort to curb the spread of the coronavirus.



6 years ago
Volkswagen tests ventilator output as carmakers join coronavirus fight

Volkswagen tests ventilator output as carmakers join coronavirus fight

German carmaker Volkswagen said on Friday it was joining other manufacturers around the world to explore using 3D printing to make hospital ventilators to combat the coronavirus.



6 years ago
Wall Street weekahead: Coronavirus uncertainty muddies views on buying opportunities for plunging stocks

Wall Street weekahead: Coronavirus uncertainty muddies views on buying opportunities for plunging stocks

U.S. stock valuations are tumbling in the wake of the coronavirus-fueled market rout, but determining when equities are cheap enough to buy is a tricky proposition.



6 years ago
Goldman Sachs CEO's 2019 compensation rises 19%

Goldman Sachs CEO's 2019 compensation rises 19%

Goldman Sachs Group Inc Chief Executive David Solomon's total compensation rose by 19%, or $4 million, for 2019 compared with 2018, according to a regulatory filing released on Friday.



6 years ago
Lyft drivers can join new delivery service, founders donate salaries

Lyft drivers can join new delivery service, founders donate salaries

Lyft Inc on Friday told drivers they could sign up for work driving deliveries under a new service as ride-hailing demand plummets during the rapid spread of coronavirus in the United States.



6 years ago
Bank of America boosts hiring, worker pay amid coronavirus outbreak

Bank of America boosts hiring, worker pay amid coronavirus outbreak

Bank of America Corp's consumer division has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to concerns about the coronavirus outbreak.



6 years ago
Volkswagen to close factories in Mexico to protect public health

Volkswagen to close factories in Mexico to protect public health

German automaker Volkswagen will temporarily close its factories in Mexico's Puebla and Guanajuato states in a bid to preserve public health, the company's Mexican unit said in a statement on Friday, amid growing worries over the spread of the coronavirus.



6 years ago
U.S. senators question Amazon on coronavirus safety at warehouses

U.S. senators question Amazon on coronavirus safety at warehouses

Four Democratic U.S. senators on Friday expressed concern in a letter to Amazon.com Inc Chief Executive Jeff Bezos that the world's largest online retailer has not given enough support to warehouse staff during the coronavirus outbreak, according to a copy of the message seen by Reuters.



6 years ago
New York order spooks Wall Street, offsets calm from policy efforts

New York order spooks Wall Street, offsets calm from policy efforts

Wall Street retreated on Friday after New York ordered residents to stay home, rattling investors who had welcomed this week's fiscal and monetary measures to counter the coronavirus shock and help revive the safe-haven appeal of bonds and gold.



6 years ago