FedEx hoards cash, slashes CEO pay amid coronavirus threat
FedEx Corp said on Friday it would pull $1.5 billion from a credit line and slash CEO pay as stay-at-home orders aimed at stemming the spread...
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.
Kraft Heinz halts three plants but adds shifts for mac & cheese
Kraft Heinz Co has moved to halt production at three plants providing restaurant supplies but has added shifts at others to meet demand for packaged foods...
Exxon plays on virus worries in Baytown contract talks: union official
A union official said on Friday Exxon Mobil Corp is playing on economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown,...
Big U.S. banks start accepting small business aid requests
Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed...
Occidental appoints Robert Peterson as CFO
Oil and gas producer Occidental Petroleum Corp said on Friday it appointed Robert Peterson as the company's new chief financial officer.
Walmart to limit number of customers at stores as virus crisis deepens
Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among...
U.S. warns airlines to quickly refund tickets after canceled flights
The U.S. Transportation Department on Friday issued a notice to airlines reminding them they are obligated to refund tickets when they cancel a flight or make...
Fiat Chrysler postpones shareholders' meeting and resolution on dividend to late June
Fiat Chrysler said on Friday it decided to postpone to late June its shareholders' meeting scheduled for April 16, as a consequence of the continuing coronavirus...
Warren Buffett's Berkshire Hathaway sells some stake in Delta Air Lines
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc .
Large U.S. banks to take small business loan applications next week: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus...
U.S. airlines apply for U.S. payroll grants for crisis help
Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed while airlines ride out their toughest crisis in...
Treasury makes coronavirus loan terms less favorable for small businesses
The Treasury Department raised interest rates on its Paycheck Protection Program loans for small businesses and reduced their payback period.
U.S. airlines face deadline to apply for federal payroll grants
U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion...
U.S. small businesses flood Bank of America with loan applications
Bank of America Corp said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of starting to accept them.
Kraft Heinz says has halted three plants due to coronavirus outbreak
Kraft Heinz Co has moved to halt production at three different plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief...