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...
Netflix adds more subscribers in first quarter, shares rise
Netflix Inc on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus...
Small business loan program discriminated against women, minorities: lawsuit
The $349 billion small business loan program passed last month as part of the federal coronavirus relief package discriminated against woman- and minority-owned businesses by...
Chipotle reports 16% drop in March same-store sales
Chipotle Mexican Grill Inc on Tuesday reported a 16% fall in March same-store sales, as the coronavirus pandemic forced the company to keep its restaurants...
Oil giveaway spells doom, brings out market bears
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds...
Brent oil futures plunge as growing glut feeds market panic
Brent oil futures prices plunged again on Tuesday as oil market panic extended into a second day with no end in sight to a swelling...