ConocoPhillips CEO says surprised by swift recovery in oil prices
ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Amazon issues one-year pause on police use of facial recognition software
Amazon.com Inc on Wednesday said it was implementing a one-year moratorium on police use of its facial recognition software, a reversal of its long-time defense of...
Tyson Foods says cooperating with DoJ in chicken price-fixing probe
Tyson Foods Inc said on Wednesday it was cooperating with the U.S. Department of Justice on a price-fixing investigation in the poultry industry, under a program...
Dollar, stocks slip as Fed signals slow growth
The dollar slid to a three-month low and a gauge of global stocks fell on Wednesday after the Federal Reserve projected a more sluggish recovery than...
Possible Fed move to cap yield rise could further weaken U.S. dollar
The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure...
Better three months late than never for Fed 'Main Street' loans, Powell says
It is not too late for small and medium-sized U.S. businesses to benefit from the Federal Reserve's "Main Street" lending program, Chair Jerome Powell said on...
Boeing supplier Spirit announces layoffs due to virus, 737 MAX impacts
Aircraft parts maker Spirit AeroSystems Holdings Inc announced on Wednesday a 21-day layoff for staff doing production and support work for Boeing Co's 737 program.
Fed shifts tone from repeated lockdown fears to jobs focus
At Fed Chair Jerome Powell's policy meeting press conference six weeks ago he talked repeatedly about the possibility of second and third waves of the novel...
Amazon implements one-year moratorium on police use of facial recognition software
Amazon.com Inc said on Wednesday it was implementing a one-year moratorium on the use of its facial recognition software by the police following backlash over the...
Fiat, PSA face EU antitrust probe over $50 billion merger: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50...
Lufthansa says up to 26,000 employees at risk of losing jobs
Lufthansa admitted on Wednesday that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the German...
S&P 500, Dow finish lower in volatile trade on dour Fed forecasts
The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected...
Nikola in talks with automakers for Badger pickup truck production: founder
Nikola Corp , a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to...
Europe's Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion
European food ordering firm Just Eat Takeaway.com NV on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc and create the...
White House works to move stalled airline contact tracing plan: sources
The White House wants a plan in place by Sept. 1 for airlines to collect contact tracing information from U.S.-bound international passengers, but will not immediately...