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...
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.
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...
Car parts group Valeo drops 2020 targets, gets 1 billion euros of new credit lines
French car parts group Valeo abandoned its 2020 financial targets on Tuesday because of the hit to its business from the coronavirus outbreak, although it got...
Oil rises amid hopes for quick decline in U.S. shale output
Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall...
Apple shipped 2.5 million iPhones in China in March following virus slump: government data
Apple Inc shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according to...
Asia shares jump on Chinese trade data, pandemic still a worry
Asian stocks extended gains on Tuesday after China's trade data came in better than expected and as some countries tried to restart their economy by partly...
7 ways small businesses can avoid bankruptcy amid the coronavirus outbreak
Most small businesses have shut down due to the coronavirus crisis. Here are seven ways to avoid bankruptcy during these hard times, according to experts.