Zoom sued for overstating, not disclosing privacy, security flaws

Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.

Zoom hires former Facebook security chief as Google bans desktop app

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash, including a move by Alphabet Inc's Google to ban the desktop version of Zoom from corporate laptops.

Google bans Zoom software from employee laptops

Alphabet Inc's Google on Wednesday banned Zoom video conferencing application from its employees' laptops, citing security concerns.

Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs - sources

U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters.

The list of U.S. Treasury questions for airlines seeking bailout cash

U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said.

Hundreds of U.S. lenders get access to small business rescue program with new system launch

The government's $350 billion program to help ailing businesses took an important step forward on Wednesday, with the launch of a new system that will allow hundreds of new lenders to participate in the unprecedented scheme.

White House looks to bolster small business lending program

The White House hopes Congress will nearly double the size of its program to support ailing small businesses by the end of the week, as some of the nation's largest lenders still sit on the sidelines and others remain unable to access the system.

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from the coronavirus pandemic, as Senate Majority Leader Mitch McConnell pushed for passage as soon as Thursday.

Oil futures rise on hopes of production cuts

Oil prices strengthened ahead of their settlement on Wednesday, buoyed by hopes that OPEC and its allies will strike a production cut agreement, shrugging off bearish signals from surging U.S. crude inventories.

Nasdaq CEO hopeful IPOs will pickup again in second half

Nasdaq Inc is hopeful initial public offerings will pick up in the second half of 2020, but much depends on how well companies and investors emerge from the coronavirus pandemic, the head of the exchange operator said on Wednesday.

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