Rationale for FCA-PSA merger deal 'stronger than ever': Elkann
The reasons behind the proposed merger of car makers Fiat Chrysler and Peugeot-owner PSA are "stronger than ever" as the COVID-19 pandemic adds to existing challenges...
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.
Target profit sinks 64% as COVID-19 costs offset gains from sales surge
Target Corp reported a 64% plunge in quarterly profit on Wednesday, pummeled by costs to tackle the coronavirus outbreak, even as panic-buying during the crisis lifted...
Lowe's beats sales estimates as lockdowns spur home improvement spending
Lowe's Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling...
Stocks adrift as vaccine rally falters
European stocks slipped lower on Wednesday and gold gained as a sceptical press report undermined some hopes for a COVID-19 vaccine and concern about obstacles to...
Germany approves new powers to block foreign takeovers in healthcare
Germany gave itself new powers to veto hostile foreign takeover bids for healthcare companies on Wednesday, a measure designed to ensure a continuous supply of essential...
Norwegian Air's lessors including China's BOC take main ownership
Lessors including China's BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit...
Dutch government's 2019 purchase of Air France-KLM shares 'irregular': audit office
A 2019 move by the Dutch government to buy a 14% stake in Air France-KLM was not in accordance with the country's laws, the Netherlands' Court...
Britain's Rolls-Royce to axe 9,000 jobs in air travel slump
Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation...
U.S. blacklists Chinese logistics firm over business with Iran airline
Washington on Tuesday imposed sanctions on a China-based company it accused of acting on behalf of U.S.-blacklisted Mahan Air, the Treasury Department said, and denounced the...
Rolls Royce could shut some factories with job cuts programme: CEO
Rolls Royce could close some of its factories as part of a programme to cut 9,000 jobs in response to the crisis in the global aviation...
UK will look at helping Rolls Royce employees and the sector: minister
Britain will look at how it can help the employees of Rolls-Royce after the engine maker said it would cut at least 9,000 jobs from its...
Norwegian Air gets $271 million state-backed loan after debt restructuring
Budget airline Norwegian Air has secured a long-sought credit guarantee from Norway's government after completing a debt restructuring, it said on Wednesday, allowing it to survive...
Stocks adrift as vaccine rally falters; gold and bonds rise
Asian stocks struggled to extend the week's rally on Wednesday, and gold and bonds firmed, as a sceptical press report dented some hopes for a COVID-19...
Angola's oil exploration evaporates as COVID-19 overshadows historic reforms
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt...
Britain's Rolls-Royce to cut 9,000 jobs amid air travel slump
Britain's Rolls-Royce said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that will...