Latest News on private equity markets

Facebook closes Seattle office after contractor catches coronavirus

Facebook closes Seattle office after contractor catches coronavirus

Facebook Inc said on Thursday a contractor at its Seattle office has been diagnosed with the coronavirus and that it would shut the location through March 9.



6 years ago
PetroChina suspends some gas contracts as coronavirus hits demand: sources

PetroChina suspends some gas contracts as coronavirus hits demand: sources

PetroChina has suspended some natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, as a seasonal plunge in demand adds to the impact on consumption from the coronavirus outbreak.



6 years ago
UK ready to support regional airports after Flybe collapse: minister

UK ready to support regional airports after Flybe collapse: minister

Britain "stands ready" to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament.



6 years ago
Oil rises as OPEC backs deeper supply cuts

Oil rises as OPEC backs deeper supply cuts

Oil rose on Thursday after major producers agreed on deeper output cuts to bolster prices as worries intensify over the fast-spreading coronavirus outbreak and its impact on the global economy and crude consumption.



6 years ago
Europe stocks, U.S. futures sink as coronavirus quashes rebound

Europe stocks, U.S. futures sink as coronavirus quashes rebound

European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.



6 years ago
OPEC agrees large oil output cut amid virus outbreak if Russia joins: sources

OPEC agrees large oil output cut amid virus outbreak if Russia joins: sources

OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said.



6 years ago
Southwest Airline sees hit to first-quarter revenue from coronavirus outbreak

Southwest Airline sees hit to first-quarter revenue from coronavirus outbreak

Southwest Airlines Co on Thursday warned its first-quarter operating revenue would take a hit of up to $300 million from the coronavirus outbreak, prompting it to cut its quarterly revenue outlook.



6 years ago
HP rejects Xerox's raised takeover offer

HP rejects Xerox's raised takeover offer

HP Inc on Thursday rejected Xerox Holdings Corp's raised takeover bid of about $35 billion, saying that the offer still undervalued the personal computer maker.



6 years ago
Transforming Britain's John Lewis could take five years, new boss warns

Transforming Britain's John Lewis could take five years, new boss warns

The new chairman of British retailer John Lewis warned on Thursday it could take up to five years to revive the employee-owned group hit by sliding profits.



6 years ago
Exxon CEO sticks to spending targets despite oil downturn

Exxon CEO sticks to spending targets despite oil downturn

Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Tuesday it would stick to its spending plans even as its rivals trim costs.



6 years ago
Coronavirus hit to airlines could top $100 billion, Flybe collapses

Coronavirus hit to airlines could top $100 billion, Flybe collapses

The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world.



6 years ago
Oil falls, OPEC seeks Russian backing for deeper supply cuts

Oil falls, OPEC seeks Russian backing for deeper supply cuts

Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.



6 years ago
India plans to airlift components from China to help local tech industry: sources

India plans to airlift components from China to help local tech industry: sources

India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China.



6 years ago
Record profit lifts Aviva shares, pays out on coronavirus claims

Record profit lifts Aviva shares, pays out on coronavirus claims

Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the outlook.



6 years ago
British airline Flybe collapses as coronavirus deals final blow

British airline Flybe collapses as coronavirus deals final blow

British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the long-struggling carrier one of the first big corporate casualties of the coronavirus outbreak.



6 years ago