Fed expands 'Main Street' program to firms with up to 15,000 workers
The U.S. Federal Reserve on Thursday widened a key program to nurse the "Main Street" economy through the coronavirus pandemic, agreeing to lend to even larger...
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.
Nokia first quarter in profit, revenues miss consensus
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts' estimates, as it took a hit of about 200 million euros to...
Comcast warns of steeper impact of coronavirus as first quarter revenue narrowly misses forecast
Comcast Corp on Thursday reported first quarter revenue that fell shy of Wall Street's estimate, and warned of a weaker second quarter as a result of...
Britain's Sainsbury's warns coronavirus profit impact could be £500 million
British supermarket group Sainsbury's estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend payment...
Millions of Americans continue to seek jobless benefits; consumer spending tanks
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures...
McDonald's profit misses estimates, shares drop 4%
McDonald's Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the...
Oil prices set to cap off nightmare month with gains
Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back...
KLM expects talks on financial aid to take weeks: Telegraaf
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De Telegraaf...
ConocoPhillips to sharply cut oil production as low prices hit earnings
U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total...
The devil's in the detail for junk debt investors facing coronavirus defaults
Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they're frantically scouring the terms...
Twitter gains users, beats estimates but ad trends alarm investors
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors...
U.S. economy may not need more stimulus to weather coronavirus hit: White House official
The U.S. economy may be able to weather the hit from the coronavirus with the stimulative policies already in the pipeline without the need for more...
Fed to expand reach of 'Main Street' lending program
The U.S. Federal Reserve on Thursday widened a key program to nurse the "Main Street" economy through the coronavirus pandemic, agreeing to lend to even larger...
S&P 500, Dow slip after grim jobless claims data
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock...
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork...