Subway CEO defends franchise owners who applied for coronavirus small business loans
"We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey told CNBC.
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.
Shares jump on coronavirus drug hopes, oil surges
World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
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...
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...
Samsung's phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S.
When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited...
Anthem profit beats on IngenioRx strength; backs 2020 earnings forecast
Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the launch of pharmacy benefits business IngenioRx and as more people opted for its health...
General Electric says cut 700 jobs in power unit in first quarter
General Electric Co said on Wednesday it had cut 700 jobs in its power division in the first quarter, and that it was on track to...
Coronavirus hammered U.S. economy in first quarter
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel...
Futures jump after Gilead's COVID-19 drug meets main goal
U.S. stock index futures jumped on Wednesday after Gilead Sciences said its experimental antiviral drug met the main goal of a trial testing it in COVID-19...