Exxon, Chevron slam brakes on shale as oil demand tumbles
Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have...
United sees third-quarter daily cash burn under $40 million, still taking jet deliveries
United Airlines Holdings Inc expects to reduce its daily cash burn to below $40 million in the third quarter, even with zero passenger revenues and...
Telefonica in talks to merge O2 with Virgin Media, source says
Spain’s Telefonica SA is in talks with billionaire John Malone’s Liberty Global Plc to explore a merger of its British mobile operator O2 with cable...
Jetmaker Embraer focuses on future after Boeing divorce ‘pain’
The head of Embraer’s commercial aircraft unit defended the benefits of a $4.2 billion tie-up abandoned by Boeing Co last week, but said the Brazilian...
Norwegian Air bondholders reject debt plan in setback for survival hopes
Norwegian Air’s bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the...
JPMorgan Chase approved to process $15 billion in new PPP loans
JPMorgan Chase & Co said on Friday that it received government approval to process roughly $15 billion in loans through the Small Business Administration’s Paycheck...
Telefonica, Liberty Global weigh combining UK units: Bloomberg News
Spain’s Telefonica SA and billionaire John Malone’s Liberty Global Plc are exploring a combination of their UK operations, Bloomberg News reported on Friday....
Wall Street slides as Trump warns of new China tariffs
Wall Street’s main indexes fell on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while a profit...
McDonald’s to reopen 15 outlets in UK this month, fast food fans relieved
McDonald’s Corp said it would reopen 15 restaurants in the United Kingdom this month, only for delivery, leaving some fast food fans cheering....
Tesla tumbles after tweet from Musk account saying stock too high
Shares of Tesla Inc tumbled 12% on Friday following a tweet from Chief Executive Elon Musk’s Twitter account that the electric car maker’s recently high-flying...