Southwest cuts Boeing jet deliveries after first quarterly loss in nine years
Southwest Airlines Co said on Tuesday it has agreed with Boeing Co to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its...
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.
Hedge fund manager Kyle Bass: I'm surprised at size of market bounce given the terrible economy
"The Fed has come in and done everything that it possibly could and then some," the Hayman Capital founder added.
UBS posts 40% first-quarter net profit rise as wealth shows resilience
The world's largest wealth manager, UBS , reported a 40% rise in January-March profit on Tuesday, buoyed by ultra rich clients reshuffling portfolios to cope with...
Spirits maker Diageo to raise $2.5 billion from debt offering
Diageo , the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to the...
BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demand
BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warned of exceptional...
Marks & Spencer strengthens liquidity to cope with coronavirus impact
British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18...
Oil prices dive as world runs low on storage capacity while demand plunges
Oil prices slumped again on Tuesday amid concern about dwindling crude storage capacity worldwide and fears that fuel demand may only recover slowly once countries ease...
Mnuchin warns some U.S. firms could face criminal liability over coronavirus loans
The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout,...
Fast food sector hopes stimulus checks boost sales after tough quarter
Slumping sales at big fast food chains could get a boost as hungry and restless customers spend stimulus checks after long lockdowns, analysts and some operators...
Mirae Asset says sued after deadline miss on $5.8 billion Anbang U.S. hotels deal
South Korean asset manager Mirae Asset Global Investments has been sued over a $5.8 billion deal to buy 15 U.S. hotels from China's Anbang Insurance Group...
UBS posts 40% first-quarter net profit rise as transaction levels jump
The world's largest wealth manager, UBS , reported a 40% increase in first-quarter net profit on Tuesday, as clients increased trading activity during market turmoil sparked...
With virus war still raging, Fed peers out of the foxhole
The Federal Reserve has two core jobs assigned by Congress: Foster maximum employment and stable prices.
HSBC first-quarter profit halves as it beefs up bad loan provisions due to the pandemic
HSBC Holdings PLC's on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to...
Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider
Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and one...
Small U.S. businesses hope second time's the charm for emergency aid
Cheryl Wellman is one of thousands of small business owners anxious to see if she'll get a slice of the $310 billion in new emergency aid...