Wynn, NCR deals a sign of yet more risk returning to bond market
U.S. casino operator Wynn Resorts Ltd and automated teller machines maker NCR Corp jointly raised $1 billion on Tuesday, in the first unsecured junk-rated bond...
Airbnb’s new $1 billion investment comes at lower valuation: sources
Airbnb Inc’s new $1 billion investment from private equity firms Silver Lake and Sixth Street Partners has terms that imply a reduced valuation of the...
Asian shares poised to follow Wall Street’s rocky lead
Asian stock futures were under pressure on Wednesday after a late, sharp sell-off on Wall Street and as oil prices slumped under pressure from swelling...
Levi’s coming back to life in China as stores reopen, online sales rise
Levi Strauss & Co said on Tuesday a majority of its stores in China, where the coronavirus outbreak first emerged in December, were open with...
Trump says $70 billion in coronavirus rescue loans authorized. But where’s the cash?
Roughly $70 billion of a $350 billion pot of loans to cover the payrolls of ailing small businesses have been originated by U.S. lenders in...
Buffett’s Geico offers $2.5 billion credits as coronavirus cuts driving
Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million...
Amazon testing disinfectant fog at New York warehouse after coronavirus protests
Amazon.com Inc is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following...
Wall Street volatility raises fears of another selloff
The evaporation of a rally on Wall Street in the closing minutes of Tuesday’s session shows that many investors fear the U.S. stock market is...
Jack Dorsey pledges $1 billion of his Square equity for COVID-19 relief efforts
Square Inc and Twitter Inc chief executive officer Jack Dorsey said on Tuesday that he pledged $1 billion of his equity in the payments processor...
White House looks to bolster small business lending program
The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as...