Nordstrom to close stores in U.S., Canada, withdraws 2020 outlook due to coronavirus
Apparel retailer Nordstrom Inc on Monday withdrew its fiscal 2020 forecast and said it would close stores in the United States and Canada for two weeks...
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.
'Single biggest shock': Airlines, airports battle coronavirus cash crunch
Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as...
Howard Marks says the market is 'pricing in a bad scenario' and there is value for investors
Oaktree Capital co-founder Howard Marks said the sell-off has not been a "panic" but it might be time to buy.
Australia's Afterpay settles with California regulator for loans issued without license
Australia's buy-now-pay-later firm Afterpay Ltd will refund late fees paid by customers in California for loans, which were deemed "illegal" by the U.S. state's financial regulator,...
PG&E wins approval of $23 billion bankruptcy financing package - Bloomberg News
Power producer PG&E Corp won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition, Bloomberg News...
Qantas to slash 90% of international capacity as new virus restrictions bite
Qantas Airways Ltd said on Tuesday it would cut its international capacity by around 90% until at least the end of May as travel demand to...
U.S. airlines seek $50 billion coronavirus bailout to avoid collapse
Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake...
EU regulators ask companies to delay merger filings over coronavirus disruption
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak.
Airlines, airports seek fresh ways to deal with cash crunch amid crisis
Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as...
Another black Monday as coronavirus response upends Wall Street
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House...
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
Amazon.com Inc on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as...
JPMorgan says it resolved outage in trading platform last week
JPMorgan Chase & Co said on Monday it had resolved an outage experienced on Thursday in its U.S. electronic trading platform on the same evening.
Boeing in talks for short-term U.S. government assistance: source
Boeing Co is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the aviation sector, a person familiar with...
McDonald's, Starbucks limit dine-in service in U.S. to slow coronavirus
McDonald's Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major cities...
Q&A: Government coronavirus directives shield employers from bias, safety claims: MoFo partners
The coronavirus pandemic is forcing employers to make tough decisions that could lead to legal liability, but most companies should be in the clear if they...