Lyft cuts 2% jobs on journey to profitability
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of...
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.
Lyft plans restructuring, job cuts: New York Times
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of...
Boeing posts first annual loss in two decades as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs doubled to nearly $19 billion, and the plane manufacturer indicated...
Shell appoints director Goh as deputy chair
Royal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20.
Major US companies are warning about the potential impact of the coronavirus on earnings calls
Executives at Apple, Starbucks and McDonald's are all raising flags about the impact the Chinese coronavirus could have on business.
The Fed holds rates steady. Here's why that matters to you
The Federal Reserve's decision to keep rates unchanged gives everyday Americans an opportunity to improve their financial picture as a new year begins.
FOMC statement from January 28-29 meeting
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
Traders maintain bets on Fed pausing on policy till later in year
U.S. short-term interest rate futures dropped but only slightly on Wednesday after the Federal Reserve wrapped up its January meeting without changing interest rates or signaling...
GE shares jump 10% on profit beat, higher 2020 cash target
General Electric Co sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts,...
Wells Fargo files for up to $66 billion mixed shelf offering
Wells Fargo & Co filed a mixed shelf offering of as much as $66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said...
KLM says it will scrap some flights to China due to the coronavirus outbreak
KLM, the Dutch arm of Air France KLM, will scrap some flights to China due to the coronavirus outbreak in the North Asian country, it said...
Fed holds rates steady, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth...
Fed leaves rates unchanged, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic growth...
Powerball jackpot is nearly $400 million. Here's what past big winners said they'd do when they won
With past recipients of huge jackpots, there are some common themes in how they said they'd spend at least some of their windfall, based on a...
Microsoft cloud revenue regains momentum, sending profit above Street estimates
Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in...