U.S. airlines urgently need $50 billion in grants, loans - letter
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from 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.
Uber Eats waives delivery fee for independent restaurants as virus spreads
Uber Technologies Inc's food delivery business, Uber Eats, said on Monday it would waive delivery fee for independent restaurants across the United States and Canada.
Starbucks halts dine-in service, focuses on 'to go' in U.S., Canada
Starbucks Corp closed its dine-in areas for at least two weeks at its U.S. and Canadian stores and shifted completely to "to go" service, as restaurants...
Exclusive: Airbus draws up contingency plan to slow or halt output - sources
Airbus has drawn up contingency plans to slow or stop production if France is placed under a drastic lockdown due to coronavirus, two people familiar with...
Latin America's largest airline to cancel 90% of its international flights
LATAM Airlines Group, the continent's largest carrier, on Monday canceled 90% of its international flights as demand collapsed and countries shut down borders in light of...
Oil slumps below $30 a barrel as coronavirus spreads, OPEC rancor remains elevated
Oil prices fell below $30 a barrel on Monday as the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the...
U.S. airlines seek $50 billion government bailout after coronavirus outbreak
Major airlines sought a U.S. government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake...
Boeing stock wipes out gains made during ousted CEO Muilenburg's term
Boeing Co's shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg's tenure, as the mounting economic fallout of the coronavirus...
Exclusive: U.S. airports seek $10 billion in government assistance over travel demand collapse - sources
U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people...
U.S. shale oil output to rise to record 9.08 million barrels per day in April - EIA
U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by...
Wall Street sinks as Fed's shock cut increases worries over virus spread
U.S. stocks fell sharply on Monday as the Federal Reserve's drastic move to cut interest rates to near zero fueled anxiety over the extent of economic...
French carmaker PSA closes European factories due to virus spread
French carmaker PSA said on Monday the company will close its European factories until March 27 due to the coronavirus outbreak spread.
Lufthansa cuts 90% of long-haul flights: statement
German airline Lufthansa said it would further cut its flight schedule after Monday's announcement that its Austrian Airlines division was scrapping all flights in response to...
Lockheed Martin's Marillyn Hewson to step down as CEO
Lockheed Martin Corp said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp boss...
Plunging stocks triggered a key market 'circuit breaker' — Here's what that means
Stocks tanked on Monday, triggering a key market-wide "circuit breaker" designed to prevent the market from falling through the floor.