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Latest News on private equity markets

Ford to offer hands-free driving in 2021 - six years after Tesla

Ford Motor Co said on Thursday that it will offer hands-free driving on its new Mustang Mach-E in fall 2021, six years after Tesla Inc and four years after General Motors Co introduced similar systems.



5 years ago

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources

The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.



5 years ago

KKR to buy Dutch vacation park operator Roompot

U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot for an undisclosed sum.



5 years ago

U.S. Chamber urges China to accelerate purchases of U.S. goods

The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.



5 years ago

Automakers rev up U.S. assembly lines, wary of outside risks to workers

Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside.



5 years ago

Dollar and yen supported by fears of new pandemic wave; Norway's crown shines

The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven currencies, while the Norwegian crown was a star performer.



5 years ago

Mother's Day sales uptick doesn't cover coronavirus downturn, Washington D.C. florist says

Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.



5 years ago

Futures drift lower ahead of jobless claims data

Futures tracking the S&P 500 and Dow indexes edged lower on Thursday as caution over an uptick in COVID-19 infections in parts of the United States and China weighed on the mood ahead of a weekly jobless claims report.



5 years ago

Top economists want to swap those $600 unemployment benefits with up to $400 a week

A group of economists has proposed replacing the weekly $600 unemployment enhancement with up to $400 a week and encouraging people to find jobs with payroll subsidies.

5 years ago

Chanel warns virus impact will linger on luxury sector

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.



5 years ago

U.S. weekly jobless claims remain high as second wave of layoffs hits industries

A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.



5 years ago

Here's how to get back in the stock market if you sold out of fear when it was down

If you headed for cash when stocks were down and now have seller's remorse, there are some things you should consider before jumping back in, experts say.

5 years ago

Kroger expects to top 2020 outlook, beats estimates for profit, sales

Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocking up on essentials during the coronavirus lockdowns.



5 years ago

World stocks drift lower as second wave virus fears mount

Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.



5 years ago

Wells Fargo investment adviser to sell feeder fund platform to iCapital

Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount.



5 years ago