April 22, 2020

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 they […]
April 22, 2020

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 coronavirus-induced […]
April 22, 2020

Zoom raises encryption level with upgraded meeting app

Zoom Video Communications Inc said on Wednesday it was upgrading the encryption features on its video conferencing app to better safeguard meeting data and offer protection […]
April 22, 2020

U.S. companies paying down maxed out credit lines with bond issues: BoA note

An increasing number of U.S. companies are selling bonds to repay lines of credit they drew down at the height of the coronavirus-induced market turmoil, an […]
April 22, 2020

Sycamore Partners backs out of coronavirus-stricken deal for Victoria’s Secret

Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria’s Secret, after the […]
April 22, 2020

CSX pulls financial forecasts as profit and U.S. railroad volumes fall

U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic […]
April 22, 2020

Boeing 737 program chief to oversee commercial programs

The head of Boeing’s 737 program has been tapped to oversee the planemaker’s commercial programs as the company works to win approval to return the 737 […]
April 22, 2020

Jump in oil sends global equities higher; bonds dip

A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global […]
April 22, 2020

Xilinx forecasts current-quarter revenue below estimates

Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak. Powered by […]
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