Volkswagen pays 9 million euros to end proceedings against chairman, CEO
Volkswagen said it agreed with a German court to pay 9 million euros ($9.9 million) to end legal proceedings against its chairman and chief executive, who...
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.
Ford requires visitors to wear masks but unclear if Trump will comply
Ford Motor Co on Tuesday reiterated its policy that all visitors to its manufacturing plants must wear a mask but said the White House will ultimately...
U.S. economy won't reclaim all of its lost ground until after 2021: CBO
The U.S. economy should bounce back sharply in the third quarter after its deep coronavirus-related collapse, but it will not fully retake its lost ground until...
U.S. workers hit McDonald's with class action over COVID-19 safety
Five McDonald's workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19...
Trump wants payroll tax holiday to mitigage coronavirus economic pain: Kudlow
White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants a payroll tax holiday for U.S. workers in the hopes of staunching...
Mnuchin defends U.S. fiscal response to pandemic, seeks payroll loan extension
U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration's fiscal response to the coronavirus pandemic and told senators he was willing to consider extending...
Visa’s digital dollar concept opens a door to central bank currencies
American Banker John Adams May 18, 2020 The coronavirus recovery is accelerating government involvement in payments, providing Visa a chance to turn a developing currency concept...
S&P 500 flat after mixed retail earnings
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results from...
Airlines say ticket cancellations slowing but demand recovery still distant
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives...
Oil dips as U.S. Senate grills Fed chair, Treasury secretary
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages...
The HEROES Act may allow you to undo this required withdrawal from your retirement account
The new coronavirus relief bill, which has passed the House, would permit retirees to undo last year's required minimum distributions from individual retirement accounts and retirement...
Facebook to launch new shopping feature across apps
Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network's platforms, Chief Executive...
Airlines say ticket cancellations slowing; Delta sees cash flow break-even this year
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and signs of improving demand, with Delta Air Lines Inc saying its cash flow...
France's Renault reaches deal on 5 billion euro state-backed loan: sources
French carmaker Renault has sealed a deal with banks on a 5 billion-euro ($5.47 billion) state-guaranteed loan to help the company to cope with the coronavirus...
GM says it is 'almost there' on million-mile electric vehicle battery
General Motors Co is "almost there" on developing an electric vehicle battery that will last one million miles, a top executive said on Tuesday.