Exclusive: UK faces 'massive shortage' of ventilators - Swiss manufacturer
Britain faces a "massive shortage" of ventilators that will be needed to treat critically ill patients suffering from coronavirus, after it failed to invest enough in...
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.
Government borrowing costs jump as virus-related support costs climb
Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of...
GM, Mercedes to furlough all workers in Brazil, suggesting production stop
General Motors Co and Mercedes Benz will furlough all employees in Brazil later this month, the companies said on Wednesday, suggesting that production in South America's...
Detroit automakers shutter U.S. plants in move to stop coronavirus spread
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly...
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...
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...
A tale of two coronavirus relief efforts: One for the rich, one for the poor
A payroll tax cut would benefit the richest Americans, while sending checks to each U.S. household to prop up the economy would favor the poor, according...
Thyssenkrupp considers production cuts as coronavirus spreads
Thyssenkrupp , a major supplier to the automotive industry, on Wednesday said it was considering shortened working hours as carmarkers reduce or suspend production due to...
Tesla's California factory operating despite coronavirus lockdown order: witnesses
Tesla Inc's vehicle factory in California appeared to be operating normally on Wednesday despite an order by local officials to comply with a three-week lockdown in...
Trump administration wants to send taxpayers $500 billion, $50 billion in loans for airlines
The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50...
U.S. restaurants seek $455 billion of federal aid due to coronavirus hit
A U.S. restaurant trade group on Wednesday asked the White House and Congressional leaders for a $455 billion aid package, saying that the industry could shed...
Southwest cancels more than 50 flights after Chicago Midway tower closes
Southwest Airlines Co said Wednesday it is canceling more than 50 flights after the Federal Aviation Administration (FAA) extended the shutdown of the air traffic control...
Recession fears pummel Wall Street as virus damage grows
Wall Street's four-week slump deepened on Wednesday as investors priced in a complete breakdown in business activity and consumer spending from the coronavirus pandemic.
GM to furlough all workers in Brazil on March 30, suggesting production stop
General Motors Co will furlough all its employees in Brazil starting on March 30, the company said in a statement to Reuters on Wednesday, suggesting that...