US to Provide $5 Billion to Fight Coronavirus in Nation’s Nursing Homes

President Donald Trump has announced the U.S. government will provide an additional $5 billion in aid, equipment and training to the nation’s nursing homes, many of which are hot spots in the coronavirus pandemic. He said COVID-19, the disease caused by the coronavirus, poses “the greatest threat to our senior citizens,” and that “nearly half […]

Global Markets Slide into Mixed Territory Wednesday

The growing spike in new infections from the coronavirus pandemic, coupled with a sudden new chapter in the worsening relationship between the United States and China, sent European markets into freefall Wednesday. The FTSE index in London is down 0.8% at the midday mark.  Paris’s CAC-40 index has dropped 1.1%, and the DAX index in […]

Quick COVID Tests Could Help Control Pandemic

WASHINGTON – COVID-19 tests that take an hour or less and can be done at doctors’ offices, workplaces, or even at home are under development. They could have a big impact on the course of the pandemic in the United States, where long lines for tests and long waits for results are undermining efforts to […]

Virgin Hyperloop Appoints Raja Narayanan as Chief Financial Officer

Raja joins Virgin Hyperloop from Hyundai Aptiv Joint Venture where he focused on enabling the commercialization of L4 autonomous driving technology LOS ANGELES, July 22, 2020 (GLOBE NEWSWIRE) — Today, Virgin Hyperloop announced the appointment of Raja Narayanan as Chief Financial Officer. Raja will oversee all finance and business development functions for Virgin Hyperloop as the […]

Virtusa Launches New Services that Balance the Need to Reduce Costs and Maintain Innovation

Enterprise Cost Optimization Targets Seven Key Areas SOUTHBOROUGH, Mass., July 22, 2020 (GLOBE NEWSWIRE) — Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced new enterprise cost optimization services that balance the need to […]

Bombardier Reports Better than Expected Cash Usage in the Second Quarter and a New $1 billion Senior Secured Credit Facility

MONTREAL, July 22, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) reported that its second quarter cash usage was approximately $500 million better than previously expected and that it has secured a commitment from investment funds and accounts managed by HPS Investment Partners, LLC to provide a three-year senior secured term loan (the “Facility”) of up […]

General Fusion Brings in More Large Global Investors

Additional capital accelerating completion of Fusion Demonstration Plant VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — General Fusion announced today that it has closed additional financing in support of its Fusion Demonstration Plant (FDP) program. Highlighting this new financing are two more globally recognized institutional investors, led by GIC, together with the deep technology […]