Delta warns of choppy coronavirus recovery, working to halve cash burn
Delta Air Lines Inc said on Wednesday it does not expect air travel to recover for two or three years and is working to halve 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.
Brent crude rebounds from 1999 lows, U.S. oil up 25% in wild trade
Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers...
Nasdaq cautious as volume spike drives first-quarter profit beat
Nasdaq Inc reported higher-than-expected first-quarter profits on Wednesday, benefiting from market volatility fueled by the coronavirus crisis, but the transatlantic exchange operator also warned of uncertainty...
Iran's oil minister says more output cuts may be needed
Oil producer countries may have to cut output more than the record amount already agreed to tackle an "unprecedented" slump in prices, Iranian Oil Minister Bijan...
Wall Street rises as Congress prepares more stimulus, oil prices bounce
Wall Street's main indexes surged on Wednesday as oil prices recovered some ground and Congress looked on course to seal nearly $500 billion more in aid...
COVID-19: A Test Of The Stakeholder Approach
S P Global Ratings Bernard De Longevialle April 21, 2020 Key Takeaways The coronavirus pandemic is highlighting why stakeholders matter, less than a year after moves...
Explainer: Why Norwegian Air matters to Norway
Norwegian Air , the budget carrier that changed the way people travel across the Atlantic, is fighting for survival as the coronavirus pandemic deepens the company's...
U.S. Treasury chief warns larger firms could face probes over payroll money
U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that larger companies could face investigation if they apply for small business coronavirus rescue money without carefully reviewing...
Netflix to raise $1 billion to fund original content
Netflix Inc said on Wednesday it plans to raise about $1 billion in debt to beef up original content, a day after the streaming pioneer doubled...
IKEA opens half of stores in Israel after lockdown eased
IKEA, the world’s biggest furniture brand, opened three of its six stores in Israel on Wednesday after the government started to gradually ease its coronavirus lockdown.
American Eagle pulls annual forecast on coronavirus worries; shares plunge
Shares of American Eagle Outfitters Inc dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly hit...
Daimler resumes engine production at Mercedes in Germany
Mercedes-Benz is ramping up engine production at its plant in Bad Cannstatt, Stuttgart, this week after Germany eased lockdown measures in a sign Europe's largest economy...
Housing regulator offers further support for mortgage-finance companies
The U.S. housing regulator on Wednesday announced its second step in as many days to help ease the liquidity strain in the mortgage market.
EU 'misunderstandings' push back deal on coronavirus economic recovery
It may take European Union countries until the summer or even longer to agree on how exactly to finance aid to help economies recover from the...
Brent crude up 8.4% in wild swing after hitting lowest since 1999
Brent crude oil rose 8.4% on Wednesday, as prospects for extra pledges from major producers to cut output prompted a sharp turn up off a session...