Latest News on private equity markets

Spain aims to convince Nissan to change mind on Barcelona plant, hopes Renault stays

Spain will do everything it can to get Nissan to reverse its decision to close its Barcelona plant, Foreign Minister Arancha Gonzalez Laya said on Thursday.



5 years ago

Southwest Airlines adds routes catering to business travelers

Southwest Airlines Co said on Thursday it was adding new routes with more frequencies and nonstop flights from Phoenix, Denver, Las Vegas and Nashville.



5 years ago

Stocks, euro rise on recovery hopes, U.S.-China tensions lift gold

Equity markets climbed on Thursday as more businesses returned to work and as a 750-billion-euro stimulus plan in Europe lifted regional stock indices and the euro, but gold rebounded on deteriorating U.S.-China relations.



5 years ago

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

Morgan Stanley has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion, two sources told Reuters.



5 years ago

General Electric CEO warns of negative cash flow in 2020

General Electric Co on Thursday warned 2020 free cash flow would be negative as it struggles with weakness in its aviation and power units due to the coronavirus outbreak.



5 years ago

Champagne sales sink in a world with little to celebrate

Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.



5 years ago

Trump set to order review of law that protects social media companies

U.S. President Donald Trump is expected to order a review of a law that has long protected internet companies, including Twitter and Facebook, an extraordinary attempt to intervene in the media that experts said was unlikely to survive legal scrutiny.



5 years ago

Volkswagen approves further projects in Ford alliance

Volkswagen said on Thursday its supervisory board had approved further projects in its alliance with Ford .



5 years ago

Social Security trust funds could run out even faster due to the coronavirus pandemic

The Social Security Administration's latest estimate for when its trust funds will be depleted show little change. But it did not factor in one thing: Covid-19. Now, researchers at the Wharton School at the University of Pennsylvania have come up with their own estimates, and retirees may not like the results.

5 years ago

Oil prices rise on higher U.S. gasoline demand, refinery runs

Oil futures rose on Thursday, erasing earlier losses, on signs U.S. gasoline demand is rising despite a big surprise build in crude inventories and worries that China's new Hong Kong security law could result in trade sanctions.



5 years ago

Canada's Huawei extradition ruling could unleash more Chinese backlash

A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd executive to the United States leaves Canada vulnerable to further retaliation from Beijing, analysts said.



5 years ago

U.S. major airlines roll out more options to avoid staff lay-offs

The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary leave or early retirement in the hope of avoiding widespread furloughs in the fall, company memos show.



5 years ago

New York's Cuomo says businesses can turn away people not wearing masks

New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear a mask or face covering, stressing masks were critical to preventing the spread of the novel coronavirus.



5 years ago

Spain says it will do all it can to reverse Nissan closure, workers protest

Spain said on Thursday it would do everything possible to stop Nissan from closing its main car factory in the country as angry workers burned tyres and shouted "War" outside the Barcelona plant.



5 years ago

Exclusive: U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus.



5 years ago