Capri furloughs all North America retail staff, sees stores opening around June 1
Capri Holdings Ltd will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1,...
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.
Alaska Air expects to lower April and May capacity by 80%
The U.S. carrier had earlier planned to reduce its April capacity by at least 10% and May capacity by at least 15%.
Stocks jump as virus deaths slow; oil falls on OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay...
U.S. airlines ease loyalty programs in coronavirus travel slump
U.S. airlines are extending loyalty program benefits and status into 2021 for members homebound because of the new coronavirus.
Exclusive: Qatar Petroleum - coronavirus turmoil will not stop LNG expansion abroad
Qatar Petroleum (QP) is pressing ahead with foreign as well as domestic expansion despite the global market turmoil caused by the coronavirus pandemic, its chief executive...
What to expect if you have a 401(k) loan and lose your job
While the economic stimulus legislation provides relief for coronavirus-related withdrawals from 401(k)s, loans previously taken out are subject to existing rules if you're laid off or...
Cooperstown, New York among the many tourism-dependent small towns bracing for a hard year
The spread of COVID-19 threatens the "birthplace of baseball" of Cooperstown, NY, and the summer tourism resdeitns have come to rely on.
Luckin Coffee chairman defaults on loan, surrenders company shares
Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a...
Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar
Oil prices slumped on Monday, pulling back from last week's gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing...
Howard Schultz warns 30% of small businesses at risk of closing for good without more help
"We must not only flatten the curve of the health crisis but we must begin to flatten the curve of economic despair," the billionaire former Starbucks...
Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from...
Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids - CEO
Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not...
S&P 500 set to recoup $1 trillion in value as virus deaths slow
The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S....
NYSE eases listing requirements amid coronavirus market mayhem
The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out...
Capri furloughs all North America store staff, sees stores reopening only after June 1
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects...