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Latest News on private equity markets

U.S. federal court tells SEC, Justice Dept to review RBS whistleblower case

The U.S. Justice Department and Securities and Exchange Commission must review whether an ex-Royal Bank of Scotland employee is owed a whistleblower payout and provide documents relating to his case, a federal U.S. court said on Tuesday.



5 years ago

Uber approaches Grubhub with acquisition offer: sources

Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.



5 years ago

The U.S. needs more fiscal help to fight coronavirus, Fed officials say

U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.



5 years ago

Occidental offering employees voluntary buyouts over next two weeks: document

Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.



5 years ago

Asian stocks set to slip on coronavirus fears, vaccine timing

Asian equities were set to pull back on Wednesday as heightened concerns about coronavirus infections and the timing for a vaccine outweighed the lift from rebounding oil prices and upbeat corporate earnings in Europe.



5 years ago

Musk, Texas governor talk about potential Tesla move to Lone Star state

Texas Governor Greg Abbott said on Tuesday that he spoke with Elon Musk, the chief executive of Tesla Inc , in recent days about a potential move of the company's electric vehicle assembly plant to the Lone Star state.



5 years ago

Occidental offering voluntary job buyouts, citing need for spending cuts: document

Occidental Petroleum Corp is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for "severe dislocations" in its business.



5 years ago

Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue - letter

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.



5 years ago

Las Vegas Sands ends plans to open Japan integrated resort casino project

Las Vegas Sands said in a statement on Wednesday it has ended its plans to open an integrated resort (IR) casino in Japan.



5 years ago

Contact tracing, temperature checks and masks: airline industry outlines new norms

Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate all of the risks during the pandemic, according to a briefing document seen by Reuters.



5 years ago

South Korea shoppers line up before dawn ahead of expected Chanel price hike

More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, as they rushed to buy products in the hope of beating price increases expected to kick in later in the week.



5 years ago

Stocks fall on renewed virus fears, Powell speech in focus

Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.



5 years ago

Legendary investor Stanley Druckenmiller says he doesn't like the way the market is set up

Hedge fund manager Stanley Druckenmiller told the Economic Club of New York that he was skeptical of the stocks right now.

5 years ago

Expert tips on how to cope with the coronavirus-related money stressors keeping Americans up at night

While the coronavirus has millions of Americans on edge worrying about the threat of disease, it also has many stressed from the economic fallout triggered by the pandemic. Top of mind: not having enough savings, losing a job and the inability to pay debts. Here are some tips on how to cope, according to mental health and financial experts.

5 years ago

Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world's top producers.



5 years ago