Crude mixed on output deal, recession fears; shares slip
Stocks on Wall Street slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings while crude prices were mixed as...
Oil mixed as demand worries offset gains from output cut deal
Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about...
The list of U.S. Treasury questions for airlines seeking bailout cash
U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity...
U.S. government holding firm on airline aid plan, could end up with 3% of American Airlines
The U.S. Treasury Department is holding firm on the terms of a $25 billion offer for government aid to airlines to help them meet payroll...
Ford making masks to protect workers against COVID-19
Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is...
McDonald’s faces class action over ‘pervasive sexual harassment’
McDonald’s Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread...
Athene pays $45 million fine in first settlement of New York pension transfer probe
Athene Holding Ltd agreed on Monday to pay a $45 million civil fine to settle charges it conducted insurance business in New York without a...
Wall Street slides as investors brace for dour earnings
Wall Street’s main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the...
Dish Network cuts jobs, re-evaluates business in coronavirus fallout
Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV...
Explainer: Big cuts in oil production from OPEC and others
Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global...