Cargo carriers reap rewards of coronavirus chaos
Cargo carriers have become a hot corner of the airline industry as airlines idle planes to face the coronavirus pandemic
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.
Millions more Americans file for jobless benefits; productivity tanks
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as...
Panama's Copa Airlines planning to retire Boeing 737-700 fleet
Panama's Copa Airlines said on Thursday that it is planning to retire early its fleet of 14 older Boeing 737-700 NG planes, the latest carrier to...
Lufthansa seeks 9 billion euro bailout amid political discussions
Lufthansa is negotiating a 9 billion euro ($9.71 billion) bailout with Germany's economic stabilisation fund to ensure its future, the airline said on Thursday, confirming an...
Stay on evictions in New York will continue through August, Gov. Cuomo says
New York Gov. Andrew Cuomo extended the moratorium on evictions through August. The state has been the epicenter of the coronavirus pandemic.
Exclusive: Michigan governor to announce manufacturing can reopen in state - sources
Michigan Governor Gretchen Whitmer on Thursday is expected to announce that the state's factories can reopen soon, removing one of the last major obstacles to North...
'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened
Bubble-like tech stocks remain among the biggest winners this year, and their strength has pushed the Nasdaq Composite into positive territory on Thursday.
Virgin Atlantic job cuts will help win new investment -internal memo
Virgin Atlantic's planned 3,150 job cuts will show the airline is taking "self-help" measures and help it to win financial support from either the British government...
Federal business disaster loans now capped at $150,000 and limited to agriculture
The Small Business Administration has sharply curtailed the Economic Injury Disaster Loan program, limiting new applicants to only agricultural businesses and capping max loan amounts at...
JetBlue posts quarterly loss, scales back Airbus orders
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus...
Stocks climb, shaking off U.S. jobs data, thanks to China trade relief
World shares rose on Thursday after Chinese exports proved far stronger than expected, while the U.S. dollar climbed to two-week highs on its safe-haven status after...
Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to...
White House weighs pushing tax deadline back to Sept. 15
To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even...
N26 raises another $100M in Series D extension
Techcrunch Romain Dillet May 5, 2020 Fintech startup N26 now has a proper funding war chest to face the economic downturn. The Berlin-based startup has extended...
Egyptian billionaire Naguib Sawiris sees oil at $100 in 18 months, says he would buy airlines
Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at...