Elevator maker Kone beats forecasts, sees China recovery
Kone reported a smaller than expected 10% fall in first-quarter profit on Wednesday, with demand for its elevators and services strong in many countries despite the...
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.
Why your Social Security cost-of-living adjustment could be lower in 2021
The annual Social Security cost-of-living adjustment may only be 0.8%, according to one early estimate based on first quarter data. That's less than the 1.6% bump...
Tissue sales help Kimberly-Clark beat quarterly results
Kimberly-Clark Corp said on Wednesday sales of tissue and toilet paper rose 13% in the first quarter as consumers stocked up in preparation for the coronavirus...
Rogers pulls 2020 outlook, misses estimates as coronavirus crisis deepens
Canada's Rogers Communications Inc on Wednesday pulled its 2020 forecast and reported lower-than-expected quarterly profit due to a drop in ad sales and weaker demand for...
Iran's Zanganeh says oil production cut should be taken seriously
Oil producer countries should respect crude production cuts aimed at stabilizing the oil market, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday.
Iran says it will fare better than others after oil crash amid battered economy
Iran will not suffer as much as other countries from the oil price plunge as it is less reliant on crude exports, its president said on...
Delta to reduce cash burn as it braces for sluggish recovery from pandemic
Delta Air Lines Inc reported on Wednesday its first quarterly loss in eight years as the coronavirus crisis devastates air travel demand, but said its daily...
OneEleven announces it is permanently ceasing operations
Betakit Meagan Simpson Apr 22, 2020 Toronto-based incubator OneEleven announced on Wednesday that it has permanently ceased operations due to economic impacts caused by the current...
Coronavirus freezing funding for space companies and more than half may not make it, analyst says
Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic.
Euro zone economy set for deepest recession on record: Reuters poll
The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook...
Brent crude oil rises after hitting lowest this century on coronavirus crisis
Brent crude oil rose on Wednesday after slumping below $16 a barrel to its lowest since 1999, supported by voluntary as well as the prospect of...
EU 'misunderstandings' delay deal on coronavirus economic recovery
It may take European Union countries until the summer or even longer to agree on how exactly to finance an economic recovery from the coronavirus pandemic...
Facebook invests $5.7 billion in Reliance unit, plans digital services for Indian grocers
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for India's grocers and other small...
Delta posts loss for first quarter amid pandemic slowdown
Delta Air Lines Inc reported on Wednesday its first first-quarter loss in nine years and forecast a 90% decline in second-quarter revenue as the coronavirus crisis...
BlackRock says sustainability reports might slide during pandemic
Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports...