H&M scraps dividend due to coronavirus as all costs under review
Sweden's H&M , the world's second largest clothing retailer said on Monday it had decided to scrap its proposed dividend due to the coronavirus outbreak, and...
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.
U.S. corporate credit spreads fall after Fed announcement
The bid spread of Markit high yield and investment grade credit default swap indexes - widely used as a barometer of sentiment in the two respective...
Futures jump 3% as Fed launches aggressive credit boost
U.S. stock index futures surged more than 3% on Monday, overturning early losses after the Federal Reserve took unprecedented steps to support U.S. households and companies...
Fintechs getting a boost from coronavirus outbreak
American Banker Penny Crosman March 18, 2020 The coronavirus pandemic could be devastating for many companies, but it's also shining a spotlight on the power of...
Fiat Chrysler CEO says group to produce face masks in Asia: union representative
Fiat Chrysler Chief Executive Mike Manley told employees that the carmaker would help with the production of masks during the coronavirus emergency, a union representative said...
Factbox: SoftBank's key assets
SoftBank Group Corp plans to raise up to 4.5 trillion yen ($41 billion) by selling or monetizing assets to buy back 2 trillion yen of its...
SoftBank plans $41 billion of asset sales to expand buyback and cut debt
SoftBank Group Corp plans to raise as much as $41 billion to buy back shares and reduce debt in an unprecedented move to restore investor confidence...
Factbox: Global oil, gas producers cut spending after crude price crash
Oil and gas companies are cutting spending plans in response to the new coronavirus and a push by Saudi Arabia and Russia to ramp up output....
Nestle CEO tells staff to get ready for coronavirus storm: memo
Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they...
Asia stocks set to rally as Fed goes limitless
Asian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial system eased...
U.S. prosecutors charge PDVSA contractor with money laundering
U.S. prosecutors have charged a Venezuelan oilfield contractor with money laundering for bribing officials at state oil company Petroleos de Venezuela to win overpriced contracts, and...
As coronavirus fuels meat demand, processors raise pay for North American farmers, workers
North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from...
Uber appoints former Mattel CEO Robert Eckert to board
Uber Technologies Inc said on Monday it had appointed consumer industry veteran Robert Eckert to its board as an independent director.
Historic Fed boost fails to stop Wall Street's virus-driven sell-off
Wall Street's slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to...
Dow briefly wipes out all the gains since Trump's election
The Dow's steep drop on Monday pushed the 30-stock index below the level where it closed on Nov. 8, 2016, the day Trump won his election.