Global economy in 2020 on track for sharpest downturn since 1930s: 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...
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.
Norwegian Air shares plummet as survival hinges on creditors
Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting...
Amazon fires three reported critics of warehouse conditions in pandemic
Amazon.com Inc said on Tuesday it had fired three reported critics of the company's pandemic response for workplace violations, dismissals that drew sharp words from U.S....
General Motors says will make 1.5 million masks a month in Mexico
General Motors Co will begin producing 1.5 million face masks a month at its plant in the Mexican city of Toluca at the end of April,...
GM begins production of ventilators for U.S. government
General Motors Co said on Tuesday it had started producing ventilators in the volume needed to treat severely ill coronavirus patients and would deliver the first...
Virus-hit Princess Cruises to anchor all voyages till end of June
Carnival Corp-owned Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a "no...
U.S. Treasury says major airlines agree in principle to payroll aid
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion payroll support package meant to help airlines...
Exclusive: J.C. Penney explores bankruptcy as hopes for recovery fade - sources
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending...
Major U.S. airlines accept government aid for payrolls; American also wants a loan
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers jobs until...
Airbnb in advanced talks about new $1 billion loan: sources
Airbnb is in advanced talks for a new $1 billion loan just days after the U.S. home rental company closed a $1 billion debt deal with...
P&G boosts dividend, says earnings to be released ahead of schedule
Procter & Gamble Co raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it...
Restaurant owner says small business loan not enough to immediately bring workers off furlough
"We have to wait until we have a very clear pathway to success," Junior's Cheesecake owner Alan Rosen said.
In hard-hit Florida, jobless workers struggle to get state aid
With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days trying...
McDonald's and its U.S. franchisees at odds over financial relief as crisis weighed
McDonald's Corp rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world's largest fast-food company...
Credit Suisse investors should reject pay report after spy affair: advisor
Credit Suisse shareholders should reject its compensation report and deny its leadership a discharge in an upcoming vote, a proxy advisor said, the latest fallout from...