American Airlines CEO quells U.S. bankruptcy talk, says demand improving
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation...
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.
New college graduates might not have to pay their student loans for three years
The coronavirus pandemic has excerbated the growing sense that there's something broken with how the U.S. finances higher education. Plans to deliver relief to borrowers are...
FedEx set to take stake in German deliver firm Hermes: report
U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Nissan to begin restart of U.S. auto plants on June 1
Japanese automaker Nissan Motor Co said Wednesday it plans to begin restarting its shuttered U.S. manufacturing operations beginning June 1.
Ackman says hedge fund up 27% year to date, dumped Berkshire
William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire...
An alternative to high interest debt: KOHO pilots new feature that allows Canadians early access to their CERB benefits
Koho Release Brittany Bell May 27, 2020 TORONTO, May 27, 2020 (GLOBE NEWSWIRE) -- KOHO, Canada’s leading challenger bank, today announced it is piloting a new...
Wall Street gains with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted...
Boeing cutting more than 12,000 U.S. jobs, thousands more planned
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures in...
BlackRock votes to split CEO, chairman roles at Exxon Mobil
Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes...
U.S. businesses hammered by pandemic but see some green shoots, Fed says
U.S. businesses continued to be slammed by the effects of the novel coronavirus epidemic into the middle of May, a Federal Reserve report showed on Wednesday,...
Dollar treads water against euro; yuan sinks on U.S.-China tensions
The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to...
U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency...
Edtech’s biggest threat? Kids
Sifted Tim Smith May 26, 2020 As coronavirus has forced classrooms around the world to move online, kids are getting creative in trying to sabotage lessons...
Luxury homebuilder Toll Brothers scraps 2020 forecast on COVID-19 woes
U.S. luxury homebuilder Toll Brothers Inc on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to...
United reshuffles management as it prepares for uncertain recovery
United Airlines Holdings Inc is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby...