ECB ready to support economy, but governments must help, Villeroy says
The European Central Bank is ready to support the economy in the face of the coronavirus outbreak, but governments with budget leeway also need to help,...
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.
Saudi SABIC lifts Swiss chemicals maker Clariant stake
Chemical giant Saudi Basic Industries Corporation (SABIC) said on Tuesday that it had raised its stake in Swiss chemicals maker Clariant to 31.5% from 25%.
Trading app Robinhood experiences 'major outage' for a second day amid heavy volume market action
Robinhood was still reporting technical issues a day after an outage kept clients from trading on a historic rally for stocks.
Hudson's Bay Co Chairman Richard Baker to take over as CEO
Hudson's Bay Co Chairman Richard Baker will take over as chief executive officer, the company said on Tuesday, after his bid to take the owner of...
U.S. sues Mallinckrodt, accuses drugmaker of defrauding Medicaid
The United States sued a unit of the drugmaker Mallinckrodt Plc on Tuesday, accusing it of defrauding Medicaid out of hundreds of millions of dollars as...
U.S. Supreme Court leans toward SEC's power to recover ill-gotten gains
U.S. Supreme Court justices on Tuesday appeared inclined to back the Securities and Exchange Commission's power to use federal courts to force defendants to surrender profits...
UPS says coronavirus outbreak to hurt first-quarter results
(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)
New York's plastic bag ban is a lesson in how consumers treat money
New York's ban on single-use plastic bags, and its accompanying 5-cent fee for paper bags, is a lens into consumer psychology around money and how companies...
GM to tout its electric vehicles to investors swooning over Tesla
General Motors Co executives on Wednesday will tackle one of their toughest tasks: Persuading investors that a Detroit automaker can catch up with Elon Musk and...
Fidelity 2019 profit rose 10% on strong flows into index and money-market funds
Fidelity Investments said on Tuesday operating profit in 2019 climbed 10% to $6.9 billion as investors pushed their cash into money-market and passively managed products while...
Fed makes emergency rate cut as coronavirus spreads
The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world's largest economy from the impact of the coronavirus, though Fed...
OPEC+ panel considered oil output cut of 600,000-1 mln bpd: sources
A technical committee of OPEC and its allies considered a cut in oil production of 600,000 to 1 million barrels per day (bpd), and recommended a...
Gold jumps, stocks trade erratically after Fed's rate cut
Global equity markets seesawed erratically in volatile trade and gold prices rose more than 3% on Tuesday after the Federal Reserve cut interest rates in an...
Josh Brown calls Fed's rate cut 'ill thought out' and done just 'to make people feel better'
Brown said the market's weren't in bad shape coming into the day, but the cut was confusing to investors.
Impossible Foods cuts prices of plant-based meat sold to distributors
Impossible Foods on Tuesday announced an average 15% cut in prices of its vegan products sold to U.S. distributors as the plant-based meat maker tries to...