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Latest News on private equity markets

COVID-19 infects more than 3,000 U.S. meatpacking workers: union

More than 3,000 U.S. meatpacking workers have tested positive for COVID-19 and at least 44 workers have died, the country's largest meatpacking union said on Thursday, reflecting an increasing toll on plant employees.



5 years ago

Trump could sign order on social media companies later on Thursday: White House

U.S. President Donald Trump could sign an executive order on social media companies later on Thursday, but the timing could change, White House Press Secretary Kayleigh MacEnany said, after Twitter urged readers to check facts in tweets sent by Trump earlier this week for the first time.



5 years ago

Renault poised to announce 15,000 layoffs worldwide: union

French car maker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a turnaround plan to cope with slumping demand and excess costs, a representative for the CFDT union said after meeting with the company on Thursday.



5 years ago

General Electric cash flow forecast disappoints, shares fall

General Electric expects to burn more cash than expected in the second quarter, as the industrial conglomerate struggles with weakness in its aviation business due to the coronavirus crisis, Chief Executive Officer Larry Culp said on Thursday.



5 years ago

Senator sees U.S. sticking to trade deal with China despite pandemic concerns

U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade deal with China despite concerns over Beijing's handling of the coronavirus pandemic.



5 years ago

Ryanair's holiday bookings surge, sees UK dropping quarantine

Ryanair expects Britain to join other European nations in dropping COVID-19 quarantine plans in the coming weeks, its CEO told Reuters on Wednesday, as he reported a "big surge" in holiday bookings from the country.



5 years ago

Trump threatens to regulate or shut down social media companies

U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for the first time added a warning to some of his tweets prompting readers to fact check the president's claims.



5 years ago

Greensill drops libel suit against Reuters over bond story

Greensill Capital said it has dropped a libel suit against Reuters over a story which said that the financing group had provided a false statement to market participants in 2018.



5 years ago

Euro rallies on EU recovery fund proposals, yuan falls

The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion).



5 years ago

Stocks, euro rise on massive EU stimulus plan

World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.



5 years ago

Why U.S. energy CEOs will get big payouts despite oil meltdown

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.



5 years ago

U.S. mortgage applications rise for sixth straight week

U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy's recovery from the novel coronavirus crisis even as high unemployment is expected to linger.



5 years ago

Wall Street set for higher open as recovery hopes outweigh Sino-U.S.tensions

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic recovery, eclipsing concerns over simmering tensions between the United States and China.



5 years ago

A growing number of colleges could close for good post-pandemic

As the spring semester comes and goes, the future looks even more uncertain for colleges and universities across the country.

5 years ago

Ralph Lauren posts bigger-than-expected loss as lockdowns hammer sales

Ralph Lauren Corp posted a bigger-than-expected quarterly loss on Wednesday as stores across the world that sell its jackets, coats and Polo shirts were forced to close due to the COVID-19 pandemic.



5 years ago