Travel firm TUI to make big cost cuts to ride out pandemic hit
European travel company TUI on Wednesday said it needs to reduce its fixed cost base by 30% and cut thousands of jobs as it looks to...
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.
Sony reports 57% drop in fourth-quarter profit, declines to give outlook
Japan's Sony Corp on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to uncertainty...
Maersk warns global container demand to shrink this year
Shipping giant A.P. Moller-Maersk on Wednesday warned of a sharp drop in global container volumes due to the coronavirus pandemic after posting flat first-quarter revenues in...
Aston Martin posts deep loss as coronavirus outbreak hits sales
Aston Martin posted a first-quarter pretax loss of 119 million pounds ($146 million) after sales dropped by nearly a third due to the impact of the...
More than 300 lawmakers urge IMF, World Bank to cancel poor countries' debt
Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in...
Mexico's president revs up car industry, and wider economy
President Andres Manuel Lopez Obrador will lay out a roadmap on Wednesday for Mexico to re-open its economy, with a focus on the automotive sector whose...
Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg
Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces...
South Korean shoppers go the distance to beat Chanel price hike
More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, shrugging off concern about a...
TUI to make big cost cuts to survive pandemic hit
European travel company TUI said that it needed to cut its fixed cost base by 30% and thousands of jobs would be lost as it looks...
Mitsubishi halves SpaceJet development budget, reconsiders U.S. variant
Mitsubishi Heavy Industries said it was halving the annual development budget for Japan's first regional jet in half a century, the M90 SpaceJet, as the coronavirus...
Intel Capital invests in Chinese chip companies amid tech tensions
Intel Capital, the venture arm of chipmaker Intel Corp , has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as...
Stock buybacks are on track to be the lowest ever this quarter
Companies have spent 35% less on stock buybacks in 2020 than at the same point last year, according to Bank of America.
Op-Ed: When it comes to investing, it's not just how much you make, it's what you keep after taxes
Market selloffs can actually create an opportunity to enhance long-term portfolio objectives. One of the most important concepts in portfolio management is tax-smart investing.
Hundreds of public companies hold on to small business loans as deadline to return money nears
Many public companies that tapped PPP have so far escaped scrutiny because they aren't household names. CNBC found 49 companies with a market capitalization of at...
Any extension of $600 unemployment benefits would help these jobs and industries the most
Workers in certain industries, such as retail, accommodation and food services, stand to benefit most from an extension to enhanced unemployment benefits.