Traders play ‘hot potato’ with U.S. oil contract as it crashes to $1 a barrel
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost...
United Airlines sees $2.1 billion loss as coronavirus hits Latin America growth hopes, seeks more federal aid
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered...
U.S. senators propose $500 billion rescue for state, local governments
A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear...
United Airlines sees $2.1 billion loss as coronavirus hits LatAm growth hopes, seeks more federal aid
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered...
Carrefour halves dividend due to coronavirus outbreak
Carrefour , Europe’s largest retailer, said on Monday it was halving its 2019 dividend to 0.23 euros per share and that CEO Alexandre Bompard would...
HSBC cuts top investment bank jobs despite wider firing freeze
HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn...
SunPower idles factories as coronavirus hits solar demand
U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus...
Traders play ‘hot potato’ with U.S. oil contract as it crashes 50%
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 50%...
Vivendi shareholders approve dividend of 0.60 euro per share
Vivendi’s shareholders approved on Monday the payment of a dividend of 0.60 euro per share for the fiscal year 2019, with 99.52% of shareholder votes...
U.S. crude futures plunge to 1986 low on scant storage, weak demand
Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 40% to its lowest level since 1986, as investors worried about...