U.S. Officials Target Chinese State-Owned Telecom Provider

Trump administration officials sought to revoke federal licenses used by China Telecom to do business in the U.S., ratcheting up pressure on a state-owned enterprise close to Beijing.

 
Lufthansa Reassigns Finance Tasks Amid Sudden CFO Departure

The economic fallout from the coronavirus pandemic is putting a strain on executive succession plans, with some companies resorting to unusual arrangements to fill key vacancies. A case in point: Deutsche Lufthansa.

 
BlackRock CEO Larry Fink Earns $25 Million in 2019

BlackRock Chief Executive Laurence Fink earned $25.25 million last year, a 5% boost for an increasingly influential figure behind the U.S. government's response to the coronavirus crisis.

 
California Hedge Fund Bets on Volatility Spike, Reaps 400% Gain

LongTail Alpha funds capitalized on the markets' reaction to the new coronavirus pandemic.

 
Morgan Stanley CEO Recovered From Coronavirus

Morgan Stanley Chief Executive James Gorman said he has recovered from the new coronavirus, the most senior Wall Street executive known to have been infected.

 
Disney's Stream Turns Into a Torrent

The pandemic sends a flood of new subscribers to Disney+, offsetting some of the company's other shutdown problems.

 
Merck Venture Arm Invests in Quantum Computing Startup Seeqc

Quantum computing startup Seeqc has raised more than $11 million in venture capital funding from investors including a subsidiary of German company Merck KGaA, which is interested in using the technology for materials science and pharmaceutical development.

 
Franklin Prepares for Potential Chesapeake Debt Restructuring

Mutual-fund company Franklin Resources is taking steps to prepare for a potential debt restructuring or bankruptcy of indebted oil-and-gas driller Chesapeake Energy.

 
GE Warns of Weak First Quarter, Pulls Forecasts

General Electric warned its first-quarter earnings would be below its prior forecasts and pulled its financial guidance for the full year, citing the disruptions and uncertainty caused by the coronavirus pandemic.

 
White House to Discuss How to Help Airlines

Officials will brief President Trump on Thursday afternoon on their plans for assistance to airlines, which are eligible for grants and loans as part of a $2.2 trillion economic relief package.

(END) Dow Jones Newswires

April 09, 2020 17:15 ET (21:15 GMT)

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