Nike shares rise as Wall Street lauds recovery in China sales
Nike Inc shares rose 8% on Wednesday after the sportswear maker's impressive recovery in China sales offered hope that it was prepared to cope with the...
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.
Do more to stop coronavirus price gouging, U.S. states tell Amazon, Walmart, Facebook
A group of 32 U.S. states have a message for the nation's leading online platforms: You are not doing enough to stop price gouging amid the...
Coronavirus exposes U.S. Uber, Lyft drivers' lack of safety net
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
U.S. coronavirus stimulus bill adds billions in support for farmers
The U.S. coronavirus stimulus bill that U.S. senators will vote on would add $14 billion to the Agriculture Department's Commodity Credit Corp spending authority, and authorize...
Softbank-backed Ola seeks relief for drivers and taxi firms in India
Indian ride-hailing company Ola, backed by Softbank Group , wants loan waivers for drivers and a delay in tax payments to make up for coronavirus-related lost...
Coronavirus-stricken U.S. companies pop poison pills
More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders and activist shareholders...
Volkswagen expects car market to recover in summer: FAZ
Volkswagen expects the German car market to recover in the summer after the automaker was forced to suspend output because of the coronavirus pandemic, an executive...
Airlines beg for rescue as coronavirus hit soars to $250 billion
Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from...
UK tells airlines to try raising own capital before state will help: source
Britain has told airlines that state investment to help them survive the coronavirus crisis will only be considered once they have looked at the possibility of...
Wall Street bounces on hopes of $2 trillion stimulus, Boeing boost
Wall Street bounced from three-year lows on Tuesday on hopes of a major fiscal stimulus to blunt the economic damage from the coronavirus pandemic, while Boeing...
Netflix to cut traffic in India by 25% to ease data gridlock
Netflix Inc said on Tuesday it would reduce traffic over telecom networks in India by 25% over the next 30 days to ease data congestion as...
General Motors suspends 2020 outlook, to draw down $16 billion in credit
General Motors on Tuesday suspended its 2020 outlook and said it plans to draw down about $16 billion from its credit facilities in a bid to...
Occidental names former CEO Stephen Chazen as non-executive chair
Occidental Petroleum Corp on Tuesday named its former chief executive officer, Stephen Chazen, as non-executive chairman of its board in a bid to end a long...
Exclusive: Citadel turns 2020 profit after spotting virus risk early
Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its...
Why some women may take an extra financial hit from the coronavirus pandemic
Women are still making less than men — and may be particularly harder hit during the coronavirus pandemic, according to PayScale's 2020 State of the Gender...