Venture firm Benchmark raises new fund without early Uber investor: source
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without...
China on slow road to recovery, but recession risk is high: Reuters poll
The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of...
Delta to raise $3 billion in debt to combat virus fallout
Delta Air Lines Inc on Wednesday said it intended to raise $3 billion in debt by offering senior secured notes and entering into a new...
Asia stocks set to rise after Wall Street gains on oil rebound
Asian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the...
Daimler earnings plunge as coronavirus hammers vehicle sales, production
German’s Daimler AG said on Thursday it expected to report a near 70% plunge in a key first-quarter earnings figure, as demand for its Mercedes-Benz...
Las Vegas Sands predicts speedy recovery in Asia on pent-up gambling demand
Las Vegas Sands Corp on Wednesday posted a first-quarter loss as the coronavirus kept consumers at bay, but the casino operator struck an optimistic note...
Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout
Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp...
U.S. firms may face probes over payroll loans, Treasury, DOJ officials warn
U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that companies that received coronavirus rescue money intended for small businesses could be investigated if it appears...
Kinder Morgan cuts 2020 core profit outlook, spending on coronavirus hit
U.S. pipeline operator Kinder Morgan Inc on Wednesday reported a smaller-than-expected quarterly profit and cut its adjusted core earnings forecast for the year, following a...
Daimler preliminary quarterly profit falls 78% on virus impact
German luxury carmaker Daimler AG on Wednesday reported preliminary first-quarter earnings before interest and tax that slumped 78% to 617 million euros, following disruptions caused...