Latest News on private equity markets

BlackRock CEO Larry Fink's pay fell 8.4% in 2019: filing

BlackRock Inc , the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 8.4% in 2019, a second straight year of decline, according to a filing on Thursday.



5 years ago

Facebook sues Bangkok resident for selling fraudulent ad tools

Facebook Inc sued a Bangkok-based Indian man on Thursday for developing and marketing a software to bypass the social network's advertising review process and deliver prohibited ads to users.



5 years ago

Frustration mounts on Main Street as entrepreneurs wait on banks and SBA for much-needed funding

As demand spikes for federal funds, new guidance and stalled payouts from the SBA on its Economic Injury Disaster Loans and advance grants are adding to frustrations and fears on Main Street.

5 years ago

U.S. Treasury chief to brief Trump on aviation aid review

U.S. Treasury Secretary Steve Mnuchin was due to brief President Donald Trump at the White House on Thursday about the government's review of requests for $32 billion in grants from passenger airlines, cargo carriers and airport contractors.



5 years ago

Trump says administration likely to release details on airline aid this weekend

President Donald Trump said on Thursday his administration would be releasing details over the weekend about its program to help U.S. airlines hit hard by the coronavirus outbreak.



5 years ago

Facebook must face renewed privacy lawsuit over user tracking

A federal appeals court on Thursday revived nationwide litigation accusing Facebook Inc of violating users' privacy rights by tracking their internet activity even after they logged out of the social media website.



5 years ago

Saudi, Russia agree record oil cut under U.S. pressure as demand crashes

OPEC and its allies led by Russia agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.



5 years ago

Mnuchin, Kudlow say U.S. economy could open in May, defying experts

The Trump administration's top economic officials said on Thursday they believe the U.S. economy could start to reopen for normal business in May, despite health experts' emphasis on prolonged social distancing measures to defeat the coronavirus.



5 years ago

Trump administration official says U.S. welcomes reports of OPEC+ oil cut deal

The United States welcomed on Thursday reports that OPEC and its allies agreed in principal to reduce oil production by 10 million barrels per day (bpd), a senior Trump administration official said on Thursday.



5 years ago

Instant View: OPEC+ cuts will not be enough to halt oil collapse - analysts

OPEC and other major oil producers on Thursday said they would cut output by 10 million barrels per day for two months in the face of a huge fall in demand due to the coronavirus crisis.



5 years ago

Caterpillar seeks fresh $3 billion loan to boost liquidity: source

Caterpillar Inc is in talks with banks for a fresh $3 billion nine-month revolving credit facility, a person familiar with the matter said on Thursday.



5 years ago

Investors caution cement, steel firms on EU climate lobbying

Cement and steel companies are being warned by investors over their lobbying on planned European Union carbon costs, saying they are effectively asking to be compensated twice over.



5 years ago

Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11

Volkswagen AG said Thursday it will furlough 1,500 workers at its U.S. assembly plant in Tennessee starting April 11 as the industry grapples with the ongoing coronavirus pandemic.



5 years ago

Trump says he had good call with Russia's Putin, Saudi king on oil

U.S. President Donald Trump said on Thursday he had a good conversation with Russian President Vladimir Putin and Saudi Arabia's King Salman and expected that OPEC and other countries would be announcing a deal soon.



5 years ago

Trump says airlines could receive grant details this weekend; sources say around 275 applied

U.S. President Donald Trump said on Thursday that airlines could receive details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak, which sources told Reuters has received around 275 applicants.



5 years ago