Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.
Facebook's local servers in Vietnam were taken offline early this year, slowing local traffic to a crawl until it agreed to significantly increase the censorship of "anti-state" posts for local users, two sources at the company told Reuters on Tuesday.
Small businesses that got a loan from the Paycheck Protection Program now have to decide how to spend that money. Their answers can differ greatly.
New York state charged Mallinckrodt Plc on Tuesday with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions.
Air Canada said on Tuesday it would suspend flights between Canada and the United States after April 26 due to the coronavirus pandemic.
"We shouldn't assume that each step forward is permanent necessarily," Coca-Cola CEO James Quincey told CNBC.
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Britain's government made a firm decision to allow China's Huawei to have a role in building the country's 5G phone network and as far as the foreign ministry's top official understands it is not being reopened, he said on Tuesday.
Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.
A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic.
The German financial markets watchdog BaFin said on Tuesday it had fined BlackRock Investment Management (UK) Ltd 744,000 euros ($809,000) for failure to file voting rights notifications in a timely way.
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts' views that the economy contracted sharply in the first quarter.
Chinese electric vehicle maker BYD Co Ltd , reported on Tuesday a 42% drop in 2019 profit, saying cuts in government subsidies and emissions rules changes had hit demand in the sector.
As companies pull the emergency cash cord to help them through the coronavirus crisis, shareholders have been split by an easing of the rules to make it easier for them to turn to investors with the deepest pockets.
U.S. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer welcomed a bipartisan deal reached on small business loan support, along with money for hospitals and testing, and said the U.S. Congress would aim to pass it this week.