Latest News on private equity markets

Performance Food furloughs 3,000 employees as coronavirus takes toll

Grocery distributor Performance Food Group Co said on Monday it had furloughed about 3,000 employees and cut pay, while funneling 1,100 workers to help keep its retail clients' shelves stacked as it deals with the pressures exerted on supply chains and its business by the coronavirus crisis.



2 months ago

Oil prices edge higher after output cut, but demand worries weigh

Oil prices edged higher on Monday in a muted response to a global deal on record output cuts amid concerns over whether the pact will head off an oil glut as the coronavirus pandemic hammers demand.



2 months ago

Wall Street tumbles as investors brace for dour earnings

Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.



2 months ago

Factbox: Spread of coronavirus closes North American meat plants

Major meat companies in the United States and Canada have closed plants temporarily due to cases of the new coronavirus and concerns about its spread.



2 months ago

Dish Network cuts jobs, re-evaluates business in coronavirus fallout

Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off.



2 months ago

Grant: Fast Funding for COVID-19 Science

Fast Grants | Apr 7, 2020 Science funding mechanisms are too slow in normal times and may be much too slow during the COVID-19 pandemic. Fast Grants are an effort to correct this. If you are a scientist at an academic institution currently working on a COVID-19 related project and in need of funding, we

2 months ago

McDonald's faces class action over 'pervasive sexual harassment'

McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.



2 months ago

Athene pays $45 million fine in first settlement of New York pension transfer probe

Athene Holding Ltd agreed on Monday to pay a $45 million civil fine to settle charges it conducted insurance business in New York without a license, the first settlement in a probe into an industry where life insurers take over corporate pension plans.



2 months ago

What do the next ten years hold?

Expoential View | Azeem Azhar | Jan 2020 I’m Azeem Azhar. I’m exploring how our societies and political economy will change under the force of rapidly accelerating technologies and other trends. I convene Exponential View to help us explore these topics. Making predictions is complicated once we understand that the system we are trying to predict is

2 months ago

Crude gains on output deal, shares slip on recession fears

Stocks on Wall Street slid while crude prices edged higher on Monday as a global deal on record output cuts failed to quell concerns on whether the pact is enough to head off an oil glut as the coronavirus pandemic hammers economies worldwide.



2 months ago

Wall Street slides as investors brace for dour earnings

Wall Street's main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.



2 months ago

Leon Cooperman says gov't shouldn't let companies go bankrupt because of coronavirus

Bailouts would "avoid the huge surge in unemployment, and they will get a return on their investment," billionaire Leon Cooperman said.

2 months ago

GE offers to buy back at least $9 billion in debt, plans new longer-maturities issue

General Electric Co offered on Monday to buy back at least $9 billion in debt as part of a plan to cut its financial risk and manage liquidity in response to the downturn in business caused by the coronavirus pandemic.



2 months ago

Ford making masks to protect workers against COVID-19

Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks certified for medical use.



2 months ago

How the coronavirus downturn may change your plans to retire at 65

The economic fallout from the coronavirus could be coming for your retirement plans. Depending on your work prospects, that could mean retiring much earlier or later than you had originally planned.

2 months ago