Nestle staff to get full salary for three months where 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...
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.
Senate sends House $2 trillion coronavirus bill; vote expected Friday
The U.S. Senate's unanimous passage of an estimated $2.2 trillion coronavirus relief bill sent the unprecedented economic rescue legislation to the House of Representatives, whose leaders...
Exclusive: U.S. nears rule-change to restrict Huawei's global chip supply - sources
Senior cabinet officials in the Trump administration agreed to new measures to restrict the global supply of chips to China's Huawei Technologies, sources familiar with the...
Two Tesla employees test positive for coronavirus: Business Insider
Two employees of Tesla Inc have tested positive for coronavirus, Business Insider reported on Thursday, citing an internal email.
Tudor Jones says DC coronavirus aid is biggest fiscal-monetary 'bazooka' ever, more like 'nuclear bomb'
"We did in two weeks what it took the Fed eight months to do in 2009," hedge fund manager Paul Tudor Jones told CNBC.
Pilots' union criticises UK's coronavirus job retention scheme
The union representing British pilots has described the government's scheme to retain jobs through the coronavirus outbreak as confusing, lacking detail and taking too long to...
World stocks slip as U.S. jobs angst outweighs $2 trillion stimulus
Share markets across the world fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a...
NY shop Russ & Daughters survived Spanish flu, but coronavirus is 'uncharted waters'
New York City shop Russ & Daughters has weathered the Spanish flu, wars, depressions, recessions, terror attacks, and hurricanes. "This is uncharted waters," says its owner.
Wendy's to ease payments for franchisees to stem coronavirus fallout
Fast-food chain Wendy's Co said on Thursday it would defer rent and ease royalty and marketing fee payments for franchisees, amid growing pressure in the restaurant...
Time to buy stocks again, market mavens say
BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages...
Oil majors slash 2020 spending 20% after prices slump
The world's biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of...
U.S. offers $58 billion aid to airlines as governments seek to avert bankruptcies
Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising...
Caterpillar halts operations at some facilities, withdraws 2020 outlook
Construction and mining equipment maker Caterpillar Inc said on Thursday it was suspending operations at some facilities and withdrawing its 2020 outlook as it struggled with...
What you need to know about unemployment benefits in the coronavirus relief bill
The $2 trillion coronavirus relief package passed by the Senate contains a big boost in unemployment benefits for Americans. Here's what you need to know.
Mitsubishi Corp could take 10% stake in Renault in alliance rejig: report
Japanese conglomerate Mitsubishi Corp could potentially take a 10% stake in French carmaker Renault as part of scenarios being discussed to reinforce an alliance between Renault,...