BUSINESS

Snow-covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014.

Explainer-Could The U.S. Ship More LNG To Europe?

The United States, the world's top natural gas producer, wants to send more liquefied natural gas (LNG) to Europe to help its allies break their dependence on Russian gas after Moscow invaded Ukraine on Feb.
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Generali Challengers Show Hand Ahead Of Investor Vote

Rebel challengers to Generali's current management pledged to increase earnings by a double-digit percentage and free more cash for takeovers, setting out their plans for Italy's largest insurer before a showdown next month.
Instacart employee Eric Cohn, 34, delivers groceries to a residence while wearing a respirator mask to help protect himself and slow the spread of the coronavirus disease (COVID-19) in Tucson, Arizona, U.S., April 4, 2020. Picture taken April 4, 2020.

Instacart Cuts Valuation By 40%; Squeezed By Tech Selloff, Heated Delivery Wars

Instacart Inc on late Thursday cut its valuation by nearly 40% to about $24 billion due to recent market turbulence, in an unusual move that shows how public market volatility affects high-flying private companies.The new valuation marks a substantial drop from last March, when the grocery delivery firm was valued at $39 billion in a $265 million funding round from existing investors including Andreessen Horowitz and Sequoia Capital, as the coronavirus pandemic was raging and doorstep delivery boomed.

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