IKEA closes all U.S. stores, China back up except for Wuhan store
IKEA, the world's biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States.
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.
Nissan to stop producing cars in Indonesia as part of reorganization plan
Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled...
Toymaker Lego shuts all stores outside of China due to virus
Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the...
Governments scramble to prop up airlines as virus forces more flight, job cuts
Australia and Taiwan joined governments offering financial aid to airlines, while authorities in Europe rushed on Wednesday to agree steps to rescue carriers which have had...
Ryanair to ground most if not all flights from March 24
Ryanair expects to ground most if not all of its flights from March 24 except a very small number mostly between Britain and Ireland to maintain...
Oil falls for third day as coronavirus travel bans escalate
Oil prices fell for a third session on Wednesday to be down about 17% so far this week as the outlook for fuel demand darkened amid...
Barclays says it is 'very unlikely' to meet profit goal amid virus outbreak
Barclays is 'very very unlikely' to meet its goal of a 10% return on equity this year given the impact on its business of the coronavirus...
Majority of business leaders expect a hit from coronavirus, survey finds. Here's how they're fighting it
82% of business leaders expect declines in revenues over the next six months, but more than half (54%) anticipate revenues will be back to normal in...
SoftBank Group's market cap dips below domestic telco as scepticism grows
SoftBank Group Corp shares fell as much as 11.6% on Wednesday, with its market capitalization dipping below the value of its domestic telco, as uncertainty grows...
Coronavirus empties airlines' cash drawers, knocks $157 billion off share values
Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain...
Global stocks tumble as investors flee risk on coronavirus fears
Global stock futures and Asian shares tumbled in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would combat the...
Renault and PSA can benefit from French coronavirus measures: finance ministry
French carmakers PSA and Renault are entitled to benefit from all measures put in place to fight the economic impact of the coronavirus outbreak, France's Finance...
Tesla plant can't run normally in coronavirus shutdown: California county
Tesla Inc cannot continue to operate its main U.S. vehicle plant normally as its San Francisco Bay Area home began a three-week lockdown on Tuesday to...
U.S. crude plunges to 18-year low as lockdowns spread
Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low and Brent a 16-year low as Goldman Sachs said lockdowns to counter the...
Goldman tells most staff in Americas, EMEA to work from home
Goldman Sachs said it has instructed most of its staff in the Americas, Europe, the Middle East and Africa to work from home from Wednesday until...