NY Fed markets head says ‘time is of the essence’ in establishing new lending facilities
The Federal Reserve responded rapidly to stem losses from a “synchronized global sell-off” to help markets function as investors fled to safety on worries about...
U.S. judge puts Amazon challenge to Pentagon JEDI contract on hold
A U.S. judge on Friday put on hold a suit by Amazon.com Inc challenging the Pentagon’s decision to award a $10 billion contract to Microsoft...
Main Street bailout rewards U.S. restaurant chains, firms in rural states
Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns....
Occidental shareholders get first say on Anadarko deal with vote on Berkshire financing
Occidental Petroleum shareholders next month will get their first say on the oil company’s troubled acquisition of Anadarko Petroleum when they vote on issuing shares...
Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale – sources
Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake...
Virgin Atlantic told to resubmit proposal for bailout package: FT
Virgin Atlantic has been told to resubmit its proposal for a 500 million pound ($625.35 million) coronavirus bailout package after the UK government was left...
Gilead increases enrollment target for remdesivir trial in COVID-19 patients
Gilead Sciences Inc on Friday increased enrollment target by 3,600 for a trial testing its experimental drug, remdesivir, in severe COVID-19 patients, a day after...
Stocks rally as investors take heart on U.S. economic reopening plan
Global stocks rallied on Friday on President Donald Trump’s plans to revive the coronavirus-hit U.S. economy and a report about a clinical trial for a...
Ford issues debt securities after virus causes $2 billion loss
Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales...
AMC says it has enough cash through July as movie theaters aim to re-open
AMC Entertainment Holdings Inc, the world’s largest movie theater operator, said on Friday it has enough cash to withstand a global suspension of operations until...