Trump to host Big Oil execs at White House to discuss market slump
U.S. President Donald Trump will meet with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their...
Heineken says it will suspend production, distribution in Mexico due to coronavirus
Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government’s decision...
Ford to keep Europe manufacturing ops offline at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites at least until May...
OPEC+ debates biggest-ever oil cut as virus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source...
Ford CEO Hackett’s salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018....
3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked...
FedEx slashes CEO’s salary, draws $1.5 billion from credit line
FedEx Corp said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as delivery services...
Brent crude rises above $33 on hopes of oil output deal
Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut...
Global stocks edge lower on economic toll from virus; oil rallies
Global stock markets sank Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to...
Exclusive: Airline crisis forces Airbus to consider A320 output cuts
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar...