Oil prices rise more than $1 after week of turmoil amid viral outbreak
Oil prices jumped again on Friday, gaining more ground as producers like Kuwait said they would move to cut output and as the United States...
Brokerages restrict clients on positions they can take in oil
Several brokerages, including discount giant TD Ameritrade Corp are restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that...
Virgin Australia owes $4.4 billion to creditors, to seek waiver on aircraft leases: administrator
Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment...
Asian shares fall on coronavirus drug, economic damage concerns
Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence...
Virgin Australia owes $4.4 billion to creditors based on initial review: administrator
Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review, according to an affidavit from one...
L Brands files complaint against Sycamore for backing out of Victoria’s Secret deal
L Brands Inc filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire...
U.S. House passes $500 billion coronavirus bill in latest relief package
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending...
U.S.’s Mnuchin considers lending program for struggling oil companies: Bloomberg News
Treasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with a...
Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News
Boeing Co is planning to cut 787 Dreamliner output by about half and announce job cuts in its first-quarter earnings report, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-04-23/boeing-poised-to-cut-dreamliner-output-jobs-on-plunging-demand...
Asian stocks poised to rise after Wall Street gains slip away
Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for...