March 11, 2020

Cost of General Electric credit insurance rises along with coronavirus concerns

The cost to insure General Electric Co debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to coronavirus-induced […]
March 11, 2020

U.S. ‘looking at’ CalPERS holdings in Chinese defense firms: top White House official

The Trump administration is “looking at” investments in Chinese military companies by the California Public Employees’ Retirement System (CalPERS), U.S. national security adviser Robert O’Brien said […]
March 11, 2020

Coronavirus leads Warren Buffett to mull changes to Berkshire Hathaway shareholder weekend: Omaha mayor

Warren Buffett plans to wait until around April 1 to decide whether the coronavirus pandemic will require changes to Berkshire Hathaway Inc’s annual shareholder weekend a […]
March 11, 2020

Blackstone asks its companies hurt by virus to tap credit lines: BBG

Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on […]
March 11, 2020

Amtrak says bookings plunge, is set to lose several hundred million dollars on coronavirus fears

U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service reductions and losses […]
March 11, 2020

California, other states end opposition to T-Mobile, Sprint merger

California and other states which had fought a merger of Sprint Corp and T-Mobile US Inc over concerns about higher prices for consumers and less innovation […]
March 11, 2020

S&P 500 falls 20% from record high, crossing bear market threshold

The S&P 500 on Wednesday fell 20% below its Feb. 19 intraday record high, crossing the threshold into a bear market after the World Health Organization […]
March 11, 2020

Oil slumps as stock markets sink, while Saudi, UAE plan to boost capacity

Oil prices fell 4% on Wednesday, sinking into the close of trading with renewed weakness in the stock market after the World Health Organization said the […]
March 11, 2020

Boeing to freeze hiring, overtime due to 737 MAX, virus impacts

Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the 737 […]
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