SoftBank had planned a $3 billion tender offer for WeWork shares, which were privately held, along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt. The financing package was meant to save WeWork from an impending cash crunch last year.
A group founded by former Google CEO Eric Schmidt is huddling with venture capitalists and philanthropists tomorrow to discuss ways they can help fight the coronavirus.
Lobbying groups representing the country's travel and tourism industry met the White House on Tuesday to meet with President Donald Trump and other officials to discuss the devastating economic impact of the pandemic.
Secretary of Defense Mark Esper said Tuesday from the Pentagon press briefing room that 1 million respirator masks would be made available immediately.
The plaintiffs argue that SAT and ACT exams are discriminatory because they have created a lucrative test-prep industry that is out of reach for many low-income families.
Analysts say the beauty industry tends to be resilient during economic downturns, but it's unclear how social distancing and working from home could change customers' shopping habits.
The International Olympic Committee reaffirmed its commitment to push ahead with the 2020 Summer Olympics in July without delay, but officials and potential participants are starting to get skeptical.
Boeing is seeking "tens of billions of dollars" in U.S. government loan-guarantees and other assistance, two people briefed on the matter told Reuters.
The coronavirus is showing the major corporations failed to heed a basic personal finance rule: Have several months' worth of expenses on hand, in cash, in case something goes wrong.