Exclusive: Chesapeake Energy preparing bankruptcy filing
Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is...
Fed leaves rates near zero, sees virus-related risks lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its “full range of tools” to shore up the...
Boeing to shrink workforce, raise cash as coronavirus slams jet industry
Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as...
U.S. stocks rally on coronavirus drug hopes
Wall Street stock indexes surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors look past bleak economic...
Volkswagen indefinitely delays restarting U.S. production
Volkswagen AG said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May...
Fed keeps rates steady, vows to maintain coronavirus measures
Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy, saying...
Fed leaves rates near zero, sees virus risks lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy...
Top Boeing shareholder Vanguard voted against chair Kellner
Top Boeing Co shareholder Vanguard Group voted against the company’s chairman Lawrence Kellner, citing “control failures” under its audit committee after two 737 MAX plane...
Wall Street uniform to get a new accessory – the face mask
Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get...
British Airways owner bets on costs not bailouts to survive
A plan to axe up to 12,000 jobs at IAG’s British Airways underlines CEO Willie Walsh’s desire to survive what is expected to be aviation’s...