Adidas expects sales to fall at least 40% in second quarter
German sportswear firm Adidas expects to take a bigger hit from the coronavirus lockdowns in the second quarter, predicting that sales will fall more than 40%...
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.
No decision yet on state aid for Germany's Lufthansa: minister
Berlin will decide on state support for Lufthansa once the country's largest airline applies for aid and all facts are on the table, the German Economy...
VW re-starts Europe's largest car factory after coronavirus shutdown
Volkswagen the world's largest carmaker by sales, on Monday said it had resumed work at its biggest factory in Wolfsburg, Germany, to give its workers time...
How the Pandemic Is Pushing Blockchain Forward
Harvard Business Review Remko van Hoek and Mary Lacity Apr 27, 2020 Because blockchain technologies are uniquely suited to verifying, securing and sharing data, they’re ideal...
Airbus to furlough 3,200 staff at Broughton factory in Wales
Airbus will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis...
Holiday Inn-owner reorders debt as first-quarter revenue per room sinks 25%
Holiday Inn-owner InterContinental Hotels said on Monday it had agreed changes to the terms of its borrowing with creditors and made use of UK government supported...
Bayer more stringent in glyphosate settlement talks due to downturn
German drugs and pesticides company Bayer said the economic downturn has prompted it to take a tougher stance in talks to settle claims its glyphosate-based weedkillers...
Norwegian Air's debt plan sharply dilutes stake of current owners
Norwegian Air's proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed on...
German companies call for COVID-19 aid to be tied to climate action
German companies including ThyssenKrupp, Salzgitter, Bayer, Covestro, E.ON, HeidelbergCement, Puma, Allianz and Deutsche Telekom have called for coronavirus-related state aid to be tied to climate action,...
Amazon tests screening new merchants for fraud via video calls in pandemic
Amazon.com Inc is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a...
When oil became waste: a week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures , which...
U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to...
Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale - sources
An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb's hedge fund Third Point LLC plans to challenge a $600 million financing...
Airbus warns staff on jobs with its 'survival at stake'
European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts...
Investors bet on testing, treatments for restart of U.S. economy
Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug...