Asia equities set to plunge after U.S. crude collapses for second day
Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus...
No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars...
United Airlines sells $1 billion of stock in fresh move to weather pandemic
United Airlines Holdings Inc on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help...
Texas Instruments prepares for coronavirus crisis after strong first quarter
Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the...
United Airlines looks to raise $1 billion with new stock offering, shares slip
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up...
Boeing names CFO to manage new group overseeing key operations
Boeing said on Tuesday it was naming chief financial officer Greg Smith to oversee a newly formed group that will consolidate several important operational areas....
Explainer: How does Texas have the power to curb the state’s oil output?
Texas oil and gas regulators in coming days are poised to decide whether to order larger producers in the state to shut in 20% of...
U.S. Senate passes nearly $500 billion coronavirus bill aiding small business
The U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic...
White House mulls liability protection for reopening businesses: Trump adviser
The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the...
Some U.S. fund managers risk long-term bets on tanking oil sector
Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time...