Banks wary of liquidity extend expensive, shorter-dated credit to GE
NEW YORK (LPC) - General Electric Co is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with...
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.
British Airways expected to suspend 36,000 staff: BBC
IAG-owned British Airways is expected to announce suspension of about 36,000 of its employees, BBC News reported on Wednesday.
U.S. Energy Department urges Saudi, Russia to calm oil markets
The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom's crude supply rose to a record of more...
Elon Musk's SpaceX bans Zoom over privacy concerns: memo
Elon Musk's rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing "significant privacy and security concerns," according to a memo seen...
Apple will stop taking cut of some Amazon video purchases on App Store
Apple Inc said on Wednesday it would stop taking a cut of some sales for "qualifying" streaming video services on iPhones and other Apple devices, including...
Dollar supported as investors seek safety in liquidity
The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to...
Asian stocks slip as global recession looms
Asian equity markets and crude oil looked set for further losses on Thursday, after a dire warning about the U.S. coronavirus death toll and mounting evidence...
U.S. Treasury to tap Wall Street advisory firms on airline aid: WSJ
The U.S. Treasury Department plans to hire PJT Partners Inc , Moelis & Co and Perella Weinberg Partners to advise on the airline portion of Washington's...
Exclusive: U.S. officials agree on new ways to control high tech exports to China - sources
The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources...
April falls! Virus woes strike again
World markets fell on Wednesday as the coronavirus threat ensured an ugly start to April and the second quarter for equities and commodities.
Trump says he may join Saudi, Russia in talks on oil prices
U.S. President Donald Trump said on Tuesday he would join Saudi Arabia and Russia, if need be, for talks about the sharp fall in oil prices...
UK banks halt dividends as coronavirus slowdown looms
Barclays , Royal Bank of Scotland and the British arm of Spain's Santander , said on Tuesday they would suspend dividend payments, saving their capital as...
UniCredit says top managers to forego entire 2020 bonus pay
Italy's biggest bank by assets, UniCredit SpA , said on Tuesday its top managers had decided to waive their entire 2020 bonus pay and that the...
Employers may drop 401(k) matches as companies look to cut expenses
Companies both large and small are seeking legal advice about their options for reducing or pausing their contributions to their workers' 401(k) plans — a move...
Fiat Chrysler does not see delay in PSA merger, FIOM union says
Fiat Chrysler did not mention any possible delay in the merger process with France's PSA during a call with unions on Tuesday, metal workers' union FIOM...