California sues Education Secretary DeVos, saying she has failed to implement student loan forgiveness program
Ninety-nine percent of loan forgiveness applications under a congressionally mandated program were rejected between May 2018 and May 2019.
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.
Gilead's remdesivir could see $7 billion in annual sales on stockpiling boost: analyst
Gilead Sciences Inc's potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to...
Saudi, Russia reach deal on oil cuts, raising pressure for compliance
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on...
U.S. private payrolls fall less than expected in May
U.S. private payrolls fell less than expected in May, with employers laying off another 2.76 million workers.
Here's how far hackers are willing to go to steal your stimulus check
Rip-off artists will stop at nothing to trick confused Americans out of their cash. Scammers created more than 145,000 fishy domain registrations using the term "stimulus...
3M names General Electric exec Monish Patolawala as CFO
U.S. industrial conglomerate 3M Co on Wednesday appointed General Electric Co executive Monish Patolawala as the company's chief financial officer, effective July 1.
U.S. sanctions four shipping firms for transporting Venezuelan oil
The U.S. Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to oust socialist...
Volkswagen to install Porsche's CEO as VW brand chief: Auto Motor and Sport
Volkswagen Chief Executive (CEO) Herbert Diess will promote Porsche CEO Oliver Blume to become head of the VW brand as part of a broader management reshuffle,...
Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak...
Oil rises nearly 3% ahead of OPEC+ meeting, easing lockdowns
Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely...
Stock futures hit three-month high on prospects of economic recovery
U.S. stock index futures hit a three-month high on Tuesday as hopes of a rebound from a coronavirus-led economic slump prevailed over fears of disruption from...
Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic
The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.
Twitter names ex Google CFO Pichette as chair, Kordestani to stay on
Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's...
Bank of America pledges $1 bln to address racial, economic inequality
Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow...
Wall St. set for higher open on prospects of economic recovery
Wall Street's main indexes were set to hit fresh three-month highs on Tuesday as optimism over reopening businesses overshadowed fears of more disruptions from protests in...