Boeing to cut workforce by 10% and reduce 787 production due to pandemic
Boeing Co said on Wednesday it would cut its workforce by about 10% and further reduce 787 Dreamliner production after reporting a loss for the second...
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.
IAG shares fall after warning over slow recovery
Shares in airline group IAG fell 3% after the airline group launched a plan to shrink its main British Airways business, axing staff numbers by a...
John Lewis Partnership names former Sainsbury's director James Bailey as new Waitrose boss
Britain's John Lewis Partnership [JLPLC.UL] has appointed James Bailey, a former director of Sainsbury's , to be the new boss of its upmarket supermarket chain Waitrose,...
Wall Street jumps on hopes of potential coronavirus drug
U.S. stocks opened higher on Wednesday after Gilead Sciences gave an encouraging update on a potential COVID-19 treatment, while upbeat earnings reports from Boeing and Google-parent...
Fed likely to renew pledge to use all tools to brace economy
The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday...
Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite
Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion...
You might be able to get more college aid money now due to the coronavirus pandemic
Now more than ever, it may pay for students to negotiate with colleges for more money towards tuition.
Cramer: Promising data from coronavirus drug trial 'beginning of the end of the true nightmare'
CNBC's Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against...
Boeing to cut staff by 10% amid coronavirus pandemic
Boeing Co CEO Dave Calhoun told employees on Wednesday that the largest U.S. planemaker is reducing the size of its workforce by about 10% amid a...
New college grad job outlook is more competition and lower pay
As unemployment spikes, new college grads must compete for open positions against applicants with more experience.
Next shores up finances as sales crash in British lockdown
Next said it had sold property, suspended share buybacks and dividends and delivered higher cost savings to shore up its finances and get the British clothing...
Daimler sees profits at Mercedes-Benz Cars rising in 2020
Daimler said it expected the operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level, even as the corona pandemic forced...
BA parent bets on cost cuts, not government, to survive coronavirus crisis
IAG's move to axe up to 12,000 jobs at its main British Airways business reflects boss Willie Walsh's preference to slash costs rather than seek a...
Renault may cut sub-contractors to save up to 200 million euros: sources
Renault is considering cutting the number of sub-contractors it uses to develop car models in its engineering division potentially saving the carmaker between 100 million to...
Boeing cuts 787 production after second straight quarter of losses
Boeing Co reported a loss for the second straight quarter and said on Wednesday it would cut its workforce by about 10% as the planemaker further...