Latest News on private equity markets

Former UAW President Gary Jones charged in U.S. corruption probe

Former UAW President Gary Jones charged in U.S. corruption probe

Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.



6 years ago
Southwest CEO on coronavirus: "We could discount prices tomorrow and it wouldn't do any good"

Southwest CEO on coronavirus: "We could discount prices tomorrow and it wouldn't do any good"

Southwest Airlines Chief Executive Gary Kelly said on Thursday that the airline was not running dramatic fare sales in response to a drop-off in demand due to the spreading coronavirus.



6 years ago
Dow sinks 1,000 points on alarm over virus spreading in United States

Dow sinks 1,000 points on alarm over virus spreading in United States

Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the coronavirus death toll in the United States rose to 11 and travel related stocks took a severe beating.



6 years ago
Airbus draws a blank in February after Boeing's order-free January

Airbus draws a blank in February after Boeing's order-free January

European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.



6 years ago
Social Security scams are on the rise. Here's what you need to know to stop them

Social Security scams are on the rise. Here's what you need to know to stop them

You may have received a pesky call from someone claiming to be from the Social Security Administration. And while many people hang up, others do get duped, to the tune of millions of dollars. These are the warning signs to watch for.

6 years ago
Walmart's Flipkart faces further anti-trust probe in India

Walmart's Flipkart faces further anti-trust probe in India

Walmart Inc's Flipkart faces a further anti-trust probe in India after an appellate tribunal asked the competition watchdog to investigate whether the company had abused its dominant position in e-commerce.



6 years ago
Portugal's TAP cancels 1,000 flights in March-April as coronavirus hits demand

Portugal's TAP cancels 1,000 flights in March-April as coronavirus hits demand

Portugal's flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall in demand and said it envisaged an unspecified impact on revenues.



6 years ago
Big tech firms ask Seattle employees to work from home over coronavirus fears

Big tech firms ask Seattle employees to work from home over coronavirus fears

Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.



6 years ago
World stocks tumble as coronavirus cases rise outside China

World stocks tumble as coronavirus cases rise outside China

Global equity markets tumbled and the dollar slid on Thursday as the number of coronavirus cases outside China mounted rapidly, leading California to declare an emergency and HSBC in London to send more than 100 staff home.



6 years ago
AT&T partners with Google Cloud for 5G edge computing

AT&T partners with Google Cloud for 5G edge computing

AT&T Inc has partnered with Alphabet Inc's Google Cloud to use 5G edge computing technologies to help clients improve speed and increase security by running applications closer to end users.



6 years ago
Trump may be eligible for a tax break after donating his salary to stop the coronavirus

Trump may be eligible for a tax break after donating his salary to stop the coronavirus

The president has been donating his pay to federal agencies and recently announced a gift to the Department of Health and Human Services. Here's how giving to the U.S. Treasury could help you save on taxes.

6 years ago
Coronavirus, politics and trade compound problems for Airbus A330neo

Coronavirus, politics and trade compound problems for Airbus A330neo

Airbus is battling to shore up support for its A330neo wide-body passenger jet as the coronavirus crisis, geopolitics and trade wars raise fresh questions over demand for the aircraft, industry sources said.



6 years ago
Exxon to push ahead with spending plans despite investor concerns

Exxon to push ahead with spending plans despite investor concerns

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged those of competitors, which are cutting costs.



6 years ago
Kazakhstan says OPEC+ countries yet to reach consensus on extension: TASS

Kazakhstan says OPEC+ countries yet to reach consensus on extension: TASS

Kazakhstan's Energy Minister Nurlan Nogayev said on Thursday that OPEC and non-OPEC oil exporters have not yet reached consensus on the parameters of an extension on their oil output deal, the TASS news agency reported.



6 years ago
3M taps regional suppliers to meet soaring demand for masks

3M taps regional suppliers to meet soaring demand for masks

Diversified manufacturer 3M Co has avoided major supply chain disruptions from the coronavirus outbreak by sourcing materials for its protective face masks from regional suppliers instead of far-flung locations, a company official told Reuters.



6 years ago