SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's...
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.
Travel disruptions, cost cutting key issues for U.S. business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19...
EasyJet to cut 4,500 jobs to stay competitive after crisis
Britain's easyJet plans to cut up to 4,500 jobs and shrink its fleet to adjust to the smaller travel market which is forecast to emerge from...
TFI and InvestHK Event (Jun 11): Why Hong Kong? Why now? Fundraising opportunities and new trends in a post-COVID-19 world
TFI and InvestHK May 27 Toronto Finance International (TFI) would like to invite the Canadian FinTech ecosystem to join a presentation with InvestHK and RaceCapital to...
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump...
Costco profit falls on coronavirus-related costs
Costco Wholesale Corp reported a 7.5% fall in quarterly profit on Thursday, as it spent more on wages and sanitizing its warehouse clubs and halted sales...
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will be...
California regulator approves PG&E's Chapter 11 reorganization plan
Power regulator California Public Utilities Commission (CPUC) has approved PG&E Corp's Chapter 11 reorganization plan, the San Francisco-based utility company said on Thursday.
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right direction, but still...
GM to increase North America vehicle production
General Motors said on Thursday it would start increasing vehicle production in North America from next week to meet rising demand.
Salesforce cuts annual estimates on COVID-19 hit
Salesforce.com Inc cut its annual revenue and profit forecasts on Thursday, as the cloud-based business software maker allowed clients to defer payments and provided its sales...
U.S. major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to accept voluntary...
Trump move could scrap or weaken law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an...
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source...
UPS adds 'peak' surcharge amid coronavirus fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged...