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Latest News on private equity markets

Delta Air waives travel change fees for South Korea as coronavirus spreads

Delta Air Lines Inc said on Wednesday it has expanded its travel change fee waiver to include Seoul, South Korea, through April 30, as coronavirus spreads to regions outside China.



5 years ago

U.S. Supreme Court allows retirement plan lawsuit against Intel

The U.S. Supreme Court on Wednesday refused to back stricter deadlines for workers to sue retirement plans over alleged mismanagement, ruling Intel Corp cannot avoid a suit accusing it of unlawfully making high-risk investments that cost retirement plan beneficiaries hundreds of millions of dollars.



5 years ago

Debt among oldest Americans skyrockets 543% in two decades

Debt among older Americans has increased dramatically since 1999, due partly to the erosion of the country's social safety net.

5 years ago

ESG investing is a 'complete fraud,' Chamath Palihapitiya says

Social Capital founder Chamath Palihapitiya said ESG investing is 'a lot of sizzle, no steak.'

5 years ago

Warren Buffett is 'completely wrong and outdated' on bitcoin, Chamath Palihapitiya says

Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin.

5 years ago

Wall Street gains ground after virus-driven selloff

Wall Street's main indexes rose about 1% on Wednesday after suffering their worst four-day percentage fall in more than a year on fears of the economic damage from the global spread of the coronavirus.



5 years ago

Virgin Money plans to cut 500 jobs and close 52 branches

British challenger bank Virgin Money is planning to cut 500 jobs as it presses ahead with cost-cutting after bulking up through the merger of Virgin Money and Clydesdale and Yorkshire Banking Group in 2018, it said on Wednesday.



5 years ago

Walmart in talks with third parties over investment in UK arm Asda

Walmart , the world's largest retailer, is in talks with third parties regarding a possible investment in Asda, its UK supermarket arm that it tried, and failed, to merge with rival Sainsbury's last year.



5 years ago

Oil inches up on U.S. crude inventories, coronavirus limits gains

Oil prices edged up on Wednesday after U.S. crude in storage grew less than expected and gasoline inventories dropped, but hundreds of new coronavirus cases reported in Asia, Europe and oil-producing countries in the Middle East limited gains.



5 years ago

Lufthansa and United weigh takeover of Portugal's TAP: Sueddeutsche

Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.



5 years ago

What Bloomberg's tax return might tell us — if we get to see it

What we can learn from the former mayor's tax return will depend on whether he releases a heavily redacted Form 1040. Look to these supplemental forms to shed light on Bloomberg's finances.

5 years ago

Toll Brothers says home sales in California impacted by coronavirus

Home builder Toll Brothers Inc said on Wednesday that the coronavirus outbreak in China had led to shortages of lighting fixtures and small appliances, forcing it to delay sales of some homes in California, one of its biggest markets.



5 years ago

Fund investors retreat from U.S. stocks as coronavirus fears weigh

Investors pulled nearly $3.3 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, snapping the longest streak of asset gains since July, according to data released Wednesday by the Investment Company Institute.



5 years ago

Oil falls more than 1% as virus spreads in Middle East and Europe

Oil prices fell more than 1% on Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East stoked fears that energy demand would decline, while crude oil inventories in the United States grew.



5 years ago

Wall Street leads stocks higher, oil falls as virus concerns linger

Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global economy.



5 years ago