Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons
Buyout firm Apollo Global Management said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden U.S. supermarket...
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.
FCA-PSA deal terms 'set in stone' for 50-50 merger
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA's chairman said on Wednesday, brushing off talk that some aspects...
Fed policymakers pledged to act as appropriate, minutes show
Federal Reserve policymakers re-upped a pledge to keep interest rates near zero until they are confident the U.S. economy is on track to recovery, a detailed...
Air France axes A380, Emirates seen cutting deliveries
The world's largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe its...
Volkswagen admits car ad racist, apologizes
Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would...
No going back: New imperatives for European banking
McKinsey Company By Matthieu L, Debasish P, Ildiko R, Hiro S, and Marcus S May 18, 2020 Now is the time for Europe’s banking leaders to...
Oil gains, stocks rally on renewed recovery hopes
Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from...
Dow shuts Midland operations after flood waters sweep in
Dow Inc said on Wednesday it has shut down all operating units at its headquarters in Midland, Michigan, after flood waters breached its sites following the...
Tax return filings crater as Americans are holding off until July 15
The Treasury Department and the IRS gave taxpayers three more months to submit their 2019 returns and pay any amounts due. Americans are taking advantage of...
U.S. workplace safety agency steps up COVID-19 inspections
The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the...
Canada recommends masks, says emergency loans have no cap but many limits
There will be no cap on the size of Canada's emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions,...
Investor Ricky Sandler pushes for herd immunity approach to coronavirus after his hedge fund loses billions
Hedge fund manager Ricky Sandler is privately telling his friends that he supports the idea of herd immunity as a way to fight the coronavirus and...
JPMorgan to use common desks to make offices easier to clean after pandemic
When JPMorgan Chase & Co staff return to offices in regions slowly re-opening from the coronavirus lockdown, some may be required to sit at common desks,...
U.S. House to vote on extending small business coronavirus loan program
Lawmakers in the U.S. House of Representatives plan to vote again next week on giving small businesses more time to utilize their coronavirus aid under the...
U.S. arrests two men wanted by Japan over ex-Nissan boss Carlos Ghosn's escape
U.S. authorities on Wednesday arrested a former Special Forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan...