Junior's Cheesecake owner says it's an 'honorable' decision to wait to use small business loans
"If we take this money and don't treat it like the precious capital that it is ... then we've done a disservice to everyone," Junior's Cheesecake...
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.
Argentina a 'black box' as $70 billion debt talks enter final act
By Marc Jones, Karin Strohecker, Tom Arnold and Cassandra Garrison
Citigroup profit tumbles 46% on expected credit card losses
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as it prepared for losses driven primarily by its credit card business, and analysts raised...
J.C. Penney skips interest payment amid bankruptcy fears
J.C. Penney Co Inc said on Wednesday it will not make a $12 million interest payment on its long-term corporate bonds, a day after Reuters reported...
Wall Street falls on dour economic data, corporate earnings
U.S. stocks fell on Wednesday as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.
Oil sinks after record 19 million-barrel U.S. crude build
U.S. crude prices fell to an 18-year low and Brent lost more than 6% on Wednesday after the United States reported its biggest weekly inventory build...
Your coronavirus stimulus payment might be less than you thought. Here's why
While headlines have touted stimulus payments of $1,200 to $2,400, many Americans could receive less money or nothing at all. How much you get is based...
Applying for small business loans has been tough. But not for these people
Many small-business owners have been stymied by the Paycheck Protection Program, yet some business owners have been able to breeze through the application process.
U.S. retail sales, factory output sink as coronavirus batters economy
U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts' views that the economy contracted...
G20 countries agree debt freeze for world's poorest countries
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world's poorest countries through the end of...
Fund managers looking at medical tests, Europe, for signs U.S. economy can reopen
Some investors are wary about buying into a recent stock market rally. Even with hopes for a quick reopening of the economy, they want more evidence...
Tesla must face shareholder lawsuit over Musk's going-private tweet
A federal judge said Tesla Inc must face a lawsuit claiming it misled shareholders when Chief Executive Elon Musk tweeted in August 2018 that he was...
Lyft launches meal, grocery delivery service in several U.S. cities
Lyft Inc on Wednesday said it has launched a new on-demand delivery service to provide essential goods, including groceries, meals and medical supplies, to people in...
Wall Street falls after gloomy economic data, bank earnings
U.S. stocks fell on Wednesday as dismal economic and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.
American Airlines CEO says government aid should cover financing needs if demand recovers: CNBC interview
American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be...