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Latest News on private equity markets

How to get more college aid money now amid the coronavirus pandemic

Now more than ever, it may pay for students to negotiate with colleges for more money towards tuition.

5 years ago

China committed to Phase 1 trade deal despite pandemic: U.S. official

China remains "very, very committed" to meeting its commitments under a Phase 1 trade deal with the United States, despite the unprecedented economic and health impacts of the new coronavirus pandemic, a senior U.S. trade official said on Wednesday.



5 years ago

KFC operator Yum's same-store sales, profit falls as lockdowns bite

Yum Brands Inc reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus.



5 years ago

Amazon turns to Chinese firm on U.S. blacklist to meet thermal camera needs

Amazon.com Inc has bought cameras to take temperatures of workers during the coronavirus pandemic from a firm the United States blacklisted over allegations it helped China detain and monitor the Uighurs and other Muslim minorities, three people familiar with the matter told Reuters.



5 years ago

Juul plans to cut a third of its workforce- WSJ

Juul Labs Inc is planning to cut around a third of its staff as the e-cigarette maker faces a relentless series of regulatory headaches and falling market share, the Wall Street Journal reported on Wednesday.



5 years ago

Shares jump after upbeat coronavirus drug data, oil surges

World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices surged.



5 years ago

Coronavirus savages U.S. economy in first quarter; bigger hit still to come

The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history.



5 years ago

Anthem sees more people opting for govt plans as coronavirus hammers job market

Anthem Inc said on Wednesday that the COVID-19 pandemic could trigger a big shift in business mix and push more people into Medicaid or Obamacare health plans from employer-sponsored ones due to job losses across industries.



5 years ago

Amazon's foreign websites named in U.S. piracy and counterfeiting report

Several of Amazon.com Inc's foreign websites have been added to the U.S. trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.



5 years ago

Wall Street uniform to get a new accessory - the face mask

Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get them safely back into the office.



5 years ago

Blue Apron shares sink as coronavirus order bump fails to boost sales

Shares of Blue Apron Holdings Inc slumped as much as 33% on Wednesday as the meal-kit company posted a steep decline in quarterly sales even after seeing a boost in orders from Americans confined to their homes amid coronavirus-led lockdowns.



5 years ago

Lyft to cut 982 jobs due to coronavirus outbreak

Lyft Inc plans to lay off 982 employees, or 17% of the ride-hailing firm's workforce, due to economic challenges caused by the coronavirus pandemic, the company said in a regulatory filing on Wednesday.



5 years ago

Boeing to shrink workforce and production as coronavirus slams industry

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss.



5 years ago

Wall Street jumps on coronavirus drug hopes; Fed decision awaited

U.S. stocks jumped to seven-week highs on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants.



5 years ago

KFC parent Yum says April sales improving after virus hits Q1

Yum Brands Inc said on Wednesday sales in April showed signs of improvement as stay-at-home consumers ordered in more and diners returned to restaurants after certain countries started to ease restrictions.



5 years ago