Satellite operator OneWeb filed for bankruptcy, becoming one of the first companies backed by SoftBank Group Corp. to seek court protection from its creditors after high costs and stiff competition led to a cash crunch.
The U.S. is the first country to reach 100,000 coronavirus cases. Italy had its deadliest day. British Prime Minister Boris Johnson and his health secretary tested positive.
The sale by the U.K.’s billionaire Barclay twins of London’s Ritz Hotel fetched less than 800 million pounds ($997 million), according to a person familiar with the matter who asked not to be identified.
BlackRock Inc. is waiving investment advisory fees on ETFs it buys on behalf of the Federal Reserve Bank of New York, according to documents published Friday.
Braemar Hotels & Resorts Inc. has explored asset sales as the U.S. hospitality industry is battered by the coronavirus outbreak, according to people familiar with the matter.
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