'Apocalypse now': Airlines turn to cargo for revenue as U.S. Senate approves aid package
Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate...
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.
Here's why stocks are rising on terrible news
It might be premature to declare the bear market dead, but Thursday's action sure checked off some important boxes.
Hedge fund billionaire Paul Tudor Jones gets emotional about his daughter getting coronavirus
Paul Tudor Jones on CNBC got personal about his daughter's recovery from the coronavirus and how he aims to help New York City's most vulnerable denizens.
Oil prices sink as crippled demand outweighs stimulus hopes
Oil prices fell on Thursday after three sessions of gains as restrictions on travel worldwide crimped fuel demand, with U.S. crude futures plunging about 4% after...
German airline Condor applies for 200 million euro in state aid: sources
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge...
Morgan Stanley CEO James Gorman tells 60,431 employees: 'Your jobs are secure' this year
While Gorman's move is sure to calm frayed nerves on Wall Street, the bank had just completed a reduction in force of about 2% last year.
U.S. Senate approves big rescue for struggling aviation sector
The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in a coronavirus-rescue package, half in the form of grants to...
IATA pleads for more help for airlines after U.S. offers $58 billion aid
The International Air Transport Association (IATA) on Thursday urged the world's major economies to act quickly to prevent irreversible damage to an airline industry that has...
Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows
Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees...
'We like these prices' — Morgan Stanley's Mike Wilson sees best 'risk/reward' market in 2 years
"We've been scaling back into stocks over the last two, three or four weeks," Morgan Stanley's Mike Wilson said.
Deutsche Bank studies state aid for staff in coronavirus crisis
Deutsche Bank said on Thursday it is preparing for the possible use of a government-run short-time work scheme for some of its staff in Germany to...
India's Yes Bank to raise up to 50 billion rupees after government-led rescue
Yes Bank Ltd said on Thursday it was looking to raise up to 50 billion rupees ($665.88 million) in an effort to shore up its capital...
Nestle staff to get full salary for three months as COVID-19 halts work
Nestle , the world's biggest food company, said it would pay full salaries to employees affected by work stoppages for a minimum of three months, to...
CVS says membership, payment collection hit by coronavirus
U.S. drugstore operator CVS Health Corp said on Thursday its medical membership and payment collection have been hit due to the coronavirus pandemic, although it cannot...
Mitsubishi Corp could take Renault stake in alliance rejig: sources
Japan's Mitsubishi Corp could potentially invest in Renault as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors,...