U.S. oil firms likely to 'organically' cut four million barrels per day: regulator
OPEC members and other oil producers need to cut at least 20 million barrels per day of output, a Texas oil and gas regulator said on...
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.
Hundreds of U.S. lenders get access to small business rescue program with new system launch
The government's $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a new system that will allow...
U.S. GDP will contract 30% in second quarter, 5% in 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force U.S. growth to contract by 30%...
Google wins U.S. DOJ backing to use segment of U.S.-Asia undersea cable
The U.S Justice Department on Wednesday recommended U.S. regulators approve Alphabet Inc unit Google's request to use part of an U.S.-Asia undersea telecommunications cable after the...
Oil futures higher on production cut hopes as inventory build limits gains
Crude prices edged up on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement, but surging U.S. crude inventories muted...
Wall Street recovers ground as Sanders gives health insurers a boost
U.S. stock markets rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak, with health insurers boosted by Democratic...
Fed's Barkin: coronavirus blow to U.S. economy will be deep
The economic downturn from the coronavirus outbreak in the United States will be deep and any recovery will depend on consumers feeling safe enough to start...
Airbus to review production cuts after 'some months': CEO
Airbus production cuts announced on Wednesday in response to the coronavirus crisis are likely to be in place for "some months" and then reviewed as the...
Centerview turns to Matthieu Pigasse to lead new Paris hub
U.S. investment bank Centerview has hired Lazard's former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win business from European companies grappling with...
German foreign ministry restricts use of Zoom over security concerns
The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection desktop computers because of "critical" security and data protection weaknesses, the...
U.S. senators question Amazon CEO about firing of warehouse protest leader
Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during the coronavirus pandemic, according...
VIX futures point to coronavirus worries for months to come
Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic...
Lufthansa's Austrian unit negotiates state aid, job cuts
Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier...
Airbus cuts jet production to cope with coronavirus crisis
Airbus on Wednesday cut production across the board to absorb the hit to manufacturing from the coronavirus crisis.
Skipping a mandatory distribution from your IRA? Everything you need to know
Congress gave retirement savers a bit of relief, allowing them to skip required minimum distributions from their IRAs and retirement plans in 2020. Here are a...