Latest News on private equity markets

Fiat Chrysler, GM try discounts, online buying to juice dormant auto sales

With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand moved to reboot demand with seven-year, no interest loans and programs allowing customers to buy vehicles online.



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U.S. restaurants seek $325 bln of federal aid due to coronavirus hit

((This March 18 story, corrects headline and first paragraph to say aid requested was $325, not $455 billion.))



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

Kroger Co's comparable sales surged about 30% in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1 billion to boost its cash reserve as it prepared for any fallout from the health crisis.



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Insurers fret as company bosses face coronavirus legal claims

Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.



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Swiss distillery shifts from schnapps to sanitizer

A Swiss distillery has converted its production of pear schnapps to make disinfectant hand gel for use against the coronavirus.



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Wall Street sinks as coronavirus anxiety grows

The Dow Jones tumbled more than 700 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.



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'The other bomb' — 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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This tax break may resurface in the next coronavirus bill – and CPAs are dreading it

In an interview with The New York Times, House Speaker Nancy Pelosi raised the prospect of retroactively reinstating the state and local tax deduction. If this happened, you may be filing amended returns for 2018 and 2019.

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Here's how to change, cancel or even book upcoming travel plans

As travel policies continue to change amid the global pandemic, experts offer advice on how to cancel or change your next trip.

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Better Buy: Square vs. American Express

Nasdaq Markets | Brian Withers | March 31, 2020 Amid the market volatility, two financial services companies held investor presentations in the past several weeks. Digital payments ecosystem Square (NYSE: SQ) and financial services company American Express (NYSE: AXP) provided updates on the current market situation, and, more importantly, their long-term growth plans. Both companies play

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Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs.



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Accenture: Fintech, Cybersecurity and Methods to Handle Threat

FintechZoom | Jung Min-seo | April 1, 2020 What’s the cybersecurity risk panorama for fintechs in 2020? Accenture’s perception offers some readability The tempo of digital transformation throughout the monetary panorama continues to quicken. In such an atmosphere the digital or cyber risk proposition evolves quickly, making it important to take care of the best

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Eight virtual banks transforming Hong Kong’s fintech sector

Fintech Magazine | By Matt High | March 31, 2020 We take a closer look at the eight innovative virtual banks that are digitally disrupting Hong Kong's financial services industry using technologies like AI, machine learning and Big Data With a national GDP of $341.4bn, Hong Kong is a rapidly growing economy and a centre

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Dow falls 600 points to start second quarter as virus anxiety grows

The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and the White House issued a dire warning on the U.S. death toll from the coronavirus pandemic.



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EU trade chief sees no quid pro quo in Huawei's 'mask diplomacy'

EU industry chief Thierry Breton on Wednesday said he did not see any ulterior motive behind Huawei's [HWT.UL] donations of face masks to the bloc and that solidarity was the best way to tackle the global coronavirus outbreak.



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