Latest News on private equity markets

Whiting files for Chapter 11 bankruptcy as oil prices hover at $20

U.S. shale producer Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 a barrel.



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'The other bomb that's dropping' — Cramer's warning as first shale company files for chapter 11

U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday, in what Jim Cramer said could be "the first of many."

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What You Should Know About Online Tools During the COVID-19 Crisis

Electronic Frontier Foundation | Lindsay Oliver |March 19, 2020 A greater portion of the world’s work, organizing, and care-giving is moving onto digital platforms and tools that facilitate connection and productivity: video conferencing, messaging apps, healthcare and educational platforms, and more. It’s important to be aware of the ways these tools may impact your digital

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T-Mobile completes merger with Sprint

T-Mobile US Inc said on Wednesday it officially completed the merger with Sprint Corp , solidifying its postion as the No.3 wireless providers in the U.S.



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U.S. construction spending unexpectedly falls in February

U.S. construction spending unexpectedly fell in February and could decline further as the coronavirus pandemic wreaks havoc on the economy.



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U.S. factory activity contracts in March; orders tumble to 11-year low: ISM

U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists' views that the economy was in recession.



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U.S. dollar gains as steep global economic slump looms

The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic.



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Equities drop as evidence mounts of deep global recession

World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a deep recession.



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Kroger comparable sales surge 30% in March, borrows $1 billion

Kroger Co's comparable sales surged about 30% in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and had borrowed $1 billion to boost liquidity, the grocer said on Wednesday.



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U.S. private payrolls post first drop in two-and-a-half years

U.S. private payrolls dropped in March for the first time in 2-1/2 years, likely as businesses shut down in compliance with strict measures to contain the coronavirus epidemic, supporting economists' views that the longest employment boom in history probably ended last month.



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U.S. factory activity in March was weakest since 2009: IHS Markit

The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed on Wednesday.



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Wall St. slumps at open as coronavirus fears intensify

U.S. stock indexes tumbled at the open on Wednesday, as investors fled to safe-haven assets following the first slide in U.S. private payrolls since 2017 and dire predictions on the U.S. death toll from the coronavirus.



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Carrefour teams up with Uber Eats for lockdown deliveries

French supermarket retailer Carrefour and Uber Eats said on Wednesday they would launch a new delivery service aimed at helping Parisians buy essential goods and food during the nationwide lockdown triggered by the coronavirus crisis.



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Airlines facing what official calls 'deepest crisis ever'

As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world's airlines called the last few months "its deepest crisis ever."



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Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source

Deutsche Bank is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter said on Wednesday.



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