Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook
Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup , according to a U.S. regulatory filing.
Market wire
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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.
Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing , Facebook and Citigroup , according...
Fed warns of 'significant' financial vulnerabilities from pandemic
The U.S. Federal Reserve warned Friday that the financial sector faces "significant" vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances...
Amazon says 'appropriate' executive to be available, as U.S. panel calls on Bezos to testify
Amazon.com Inc said on Friday it would make an "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to...
J.C. Penney has need for speed in bankruptcy, lawyer says
J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due...
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on...
Fed says around 600 smaller banks tapped PPP facility in its first days
Around 600 banks, most of them small community institutions, tapped the Federal Reserve's Paycheck Protection Program facility for about $30 billion of loans as of May...
Italian PM Conte says Fiat Chrysler entitled to seek state-backed loan
Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler Automobiles NV (FCA) was entitled to apply for Italy's state guarantees on loans as the...
Fiat Chrysler asked Rome for a three-year state-backed loan for its Italian operations: union
Fiat Chrysler (FCA) has asked the Italian government for a state-backed three-year loan, to help the automaker pay suppliers and continue its investment plan in the...
Canada's Trudeau to look at possible further aid for airlines, after Air Canada layoffs
Canadian Prime Minister Justin Trudeau said on Saturday he would look at possible ways to help airlines further, but laid out no new measures after the...
Belgium tells Lufthansa state aid possible if conditions met
The Belgian government said on Friday it was committed to reaching a deal with Lufthansa to save its Belgian subsidiary Brussels Airlines if the future of...
Amazon says 'appropriate' executive available after U.S. House panel calls on CEO Bezos to testify
Amazon.com Inc said on Friday it would make the "appropriate" executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to...
Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info - sources
The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660...
U.S. gave no assurances to Taiwan's TSMC for license to sell to Huawei: official
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be...
J.C. Penney files for bankruptcy protection
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19...