Global airline hit from coronavirus rises to $314 billion: IATA
Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which...
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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.
Wells Fargo reports first-quarter EPS of just 1 cent as it sets aside more money for credit losses
Wells Fargo's quarterly results were the first ones since the coronavirus outbreak paralyzed the global economy.
JPMorgan profit plunges as banks brace for coronavirus hit
JPMorgan Chase & Co's profit plunged by more than two-thirds in the first quarter as the largest U.S. bank put aside nearly $7 billion in reserves...
Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the...
Wells Fargo first-quarter profit decimated as coronavirus boosts provisions
Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside billions of dollars to cover potential loan-losses from...
Next's reopened website closed to new orders by 0730 GMT
British clothing retailer Next has closed its re-opened website to orders until Wednesday after reaching a self-imposed daily order limit.
Norwegian Air shares plummet as survival depends on rescue plan
The shares of Norwegian Air plummeted on Tuesday, and have now eroded almost their entire value from a 2015 peak, as the airline's survival depends on...
Toyota plans limited operations in France, Poland from April 22
Toyota Motor Corp on Monday said it plans to restart limited production at vehicle plants in France and Poland from April 22 after closing them due...
Tobacco giant BAT slides on report of U.S. criminal investigation
British American Tobacco (BAT) is the subject of a U.S. criminal investigation over suspected sanctions-busting, The Times reported https://bit.ly/2ydR5Wm on Tuesday, sending the company's shares down...
Turkish Airlines extends flight cancellations until May 20
Turkish Airlines has extended the cancellation of international flights to May 20 from May 1 over the coronavirus outbreak, the airline said on Tuesday, adding that...
Investors stick to cash amid recession worries: BofA survey
Investors have been hoarding cash at a rate not seen since the immediate aftermath of the attack on the World Trade Center in Sept 2001, BofA's...
Wizz Air not considering plane deferrals, sees growth returning in 2022: CEO
European low cost airline Wizz Air is not looking to defer any of the Airbus narrowbody planes it has on order even though it does not...
Amazon fires two employees critical of warehouse working conditions
Amazon.com Inc said on Tuesday it terminated two employees, who criticized the working conditions at the e-commerce giant's warehouses in the wake of the coronavirus pandemic,...
Oil slips as producer cuts fail to banish demand fears
Oil prices edged lower on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted...
Pandemic survival plans: U.S. businesses scramble to conserve cash, boost liquidity
Charlie Straface, president of Norwegian aluminum maker Norsk Hydro's North American extrusion operations, convenes a coronavirus task force every other day to draw up cost-cutting measures...