More U.S. companies are rushing to adopt so-called poison pills, dusting off a nearly 40-year-old takeover defense tool to ward off hostile bidders and activist shareholders eager to exploit the coronavirus-induced market sell-off.
Indian ride-hailing company Ola, backed by Softbank Group , wants loan waivers for drivers and a delay in tax payments to make up for coronavirus-related lost income, according to a source and document seen by Reuters.
The U.S. coronavirus stimulus bill that U.S. senators will vote on would add $14 billion to the Agriculture Department's Commodity Credit Corp spending authority, and authorize another $9.5 billion for U.S. farmers hurt by the fast-spreading pandemic, according to a copy of the bill's text.
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours.
A group of 32 U.S. states have a message for the nation's leading online platforms: You are not doing enough to stop price gouging amid the coronavirus crisis.
U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week.
A handful of large British companies had emerged on Wednesday as likely candidates for the government's emergency lending scheme aimed at helping them tide over the coronavirus shutdowns afflicting many of the world's biggest economies.
European Central Bank President Christine Lagarde has a concrete reason for putting pressure on euro zone governments to finance the fight against coronavirus with joint debt -- avoiding trouble with the courts.
Retail brokerages have suffered sporadic outages this month amid unprecedented volatility and volume in markets amid the coronavirus crisis.
NCFA Canada | March 25, 2020 JOIN US ON A STORYTELLING JOURNEY EVERY FRIDAY. Mar 25: Why identity matters in an evolving online environment HOST: Tristram Waye, Fintech Friday's podcast episode GUEST: DAVID LUCATCH, President & Director – KABN Systems North America Inc. (Linkedin) About this episode: David Lucatch of KABN Networks North America joins
The S&P 500 rallied for a second straight session on Wednesday as the U.S. Senate appeared to near a vote on a $2 trillion package to support businesses and households devastated by the coronavirus pandemic.
Wall Street rose in choppy trading on Wednesday, building on the previous session's gains, as the U.S. Senate neared a vote to clear a $2 trillion package to support businesses and households affected by the coronavirus pandemic.
Italian oil and gas group Eni said on Wednesday it would reduce its capital expenditure this year by around 2 billion euros ($2.17 billion) to mitigate the impact from falling commodity prices following the coronavirus emergency.
The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally.
Volkswagen expects to resume car production in Germany in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic, an executive told a newspaper on Wednesday.