Latest News on private equity markets

S&P futures tread water as Sino-U.S. tensions weigh

Futures contracts for the S&P 500 were largely flat on Thursday as investors weighed hopes of an economic recovery against underlying tensions between the United States and China.



5 years ago

U.S. states, cities may snub Fed lending program over high rates

High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from the coronavirus outbreak, analysts said.



5 years ago

Nissan plans to slash costs after first loss in 11 years

Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.



5 years ago

Nissan says to close Barcelona plant from December

Nissan Motor Co intends to close its Barcelona main plant and two nearby facilities starting from December 2020, but it will keep open two facilities in northern Spain, the chairman of Nissan in Europe, Gianluca De Ficchy, said on Thursday.



5 years ago

Trump leapfrogs back ahead of Obama in stock market gains

U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.



5 years ago

Amazon to offer permanent roles to 70% of 175,000 new U.S. hires

Amazon.com Inc plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday.



5 years ago

GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns

General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.



5 years ago

Renault to take 3.6 billion euro hit from Nissan losses

French carmaker Renault said on Thursday that losses at its Japanese partner Nissan , in which it has a 43% stake, would drag on its on net earnings by 3.6 billion euro ($3.96 billion) in the first quarter.



5 years ago

Here's how unpaid debts are handled when a person passes away

Several factors determine how unpaid obligations are treated at death, including the type of debt and whose name is on it, as well as applicable state laws.

5 years ago

Home trading triggers bank 'black hole' surveillance alerts

Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "black holes" in surveillance systems, industry officials say.



5 years ago

Latin America grabs world spotlight for airline bankruptcies

LATAM Airlines and Avianca Holdings survived the Great Depression, but just a few weeks of quarantines forced both companies into bankruptcy, marking Latin America as the world's top spot for airline financial ruin.



5 years ago

Dollar General sales surge on coronavirus-driven demand

Dollar General Corp reported its biggest rise in quarterly sales in at least 14 years on Thursday, benefiting from a surge in demand from customers stocking up on groceries and household essentials amid the COVID-19 pandemic.



5 years ago

U.S. firms shield CEO pay as pandemic hits workers, investors

Sonic Automotive Inc , which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then it changed its executives' pay packages - handing them a multimillion-dollar windfall.



5 years ago

Dollar Tree quarterly same-store sales rise 7%

Dollar Tree Inc reported a surge in quarterly same-store sales on Thursday, joining rival Dollar General , as the discount retailer benefited from consumers stockpiling on groceries and other essentials due to the coronavirus crisis.



5 years ago

Exclusive: UK retailer Debenhams cuts 'hundreds' of head office staff - sources

British department store group Debenhams has cut "hundreds" of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people with knowledge of the situation told Reuters.



5 years ago