Millions of aviation jobs at risk, airlines can't afford refunds: IATA
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline...
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.
Southwest building June flight schedule to reflect 'different phases of recovery'
Southwest Airlines Co said on Tuesday it would publish this week a new flight schedule for June 6 to June 27 with overall flight activity dropping...
Wall Street gains on signs of coronavirus slowdown
Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain...
Exxon lops 30% off 2020 spending, deeper and later than rivals
Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the...
Side effects: Fuel demand crash shuts U.S. ethanol plants, meatpackers lack refrigerant
A slew of U.S. ethanol plants have shut down as fuel demand has collapsed during the coronavirus outbreak, and meatpackers have been hit by a worrying...
Hopes of progress against virus lift stocks, weigh on dollar
World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United...
Goldman Sachs must face class action over conflicts of interest, risky mortgages
Goldman Sachs Group Inc must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund...
Your lender might let you miss a few mortgage payments. Three questions you should ask first
Lenders are allowing borrowers affected by the coronavirus pandemic to miss some of their mortgage payments. But there's more to this relief than meets the eye....
Cineworld suspends dividend, defers pay to cushion virus hit; shares soar
Cineworld's shares soared 36% on Tuesday after it suspended its dividend and said it was in talks with landlords, film studios and major suppliers to offset...
U.S. SEC's Clayton says companies seeking bailouts must disclose plans, communicate with investors
Top U.S. Securities and Exchange Commission (SEC) official said on Tuesday said that companies in discussions about bailouts stemming from the fallout of the coronavirus should...
Airlines cannot afford to refund cancelled tickets: IATA
Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing...
U.S. finalizes minimum service rules for airlines receiving assistance
The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance.
Amazon testing disinfectant fog at New York warehouse after coronavirus protests
Amazon.com Inc is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following worker...
Big OPEC+ oil output cuts depend on U.S., others joining: sources
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and...
Samsung first-quarter beats estimates; chips likely to prop up virus-hit second-quarter
Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales...