Uber shares soar after CEO says has enough cash to ride out coronavirus crisis
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(Reuters) - Shares of Uber Technologies Inc surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signalled a recovery in some parts of its business."We are very fortunate to have a strong cash position with about $10 billion of unrestricted cash as of end of February," Khosrowshahi said on a call with analysts before markets opened. "In any crisis, liquidity is key." His comments come as steps..