U.S. lawmakers nearing deal for $32 billion aviation sector bailout
U.S. lawmakers are nearing agreement on a package of grants for passenger and cargo airlines and contractors worth $32 billion as part of a massive...
Stocks, gold bounce on new stimulus from Fed, others
Financial markets rebounded sharply on Tuesday, with a measure of global equities headed for its biggest bounce since the crisis erupted a month ago, while...
Philips 66 delays scheduled refinery shutdowns on coronavirus concerns
Phillips 66 is delaying three sizeable scheduled shutdowns at its refineries this year, the company said on Tuesday, because of concerns that coronavirus could spread...
U.S. kicks off new drilling lease sales despite oil market slump
The Trump administration moved ahead with oil and gas lease sales in four Western states on Tuesday, bucking criticism from taxpayer advocates who say the...
Facebook eyes multi billion dollar stake in Reliance Jio: FT
Facebook Inc is in talks to buy a multi billion dollar stake in Reliance Industries Ltd’s telecom unit, the Financial Times reported on Tuesday, citing...
Boeing CEO does not want U.S. to take stake in company after coronavirus stimulus
Boeing Co Chief Executive Dave Calhoun said on Tuesday he does not want the U.S. Treasury to take an equity stake in the planemaker as...
U.S. new home sales fall in February, January revised up sharply
Sales of new U.S. single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic which...
France’s Air Liquide aims to boost production of ventilators
The healthcare unit of French industrial gases company Air Liquide said on Tuesday it was ramping up production of ventilators needed by hospitals to deal...
Halliburton to ‘significantly’ cut 2020 capex below $1.2 billion budget
Oilfield services firm Halliburton is accelerating its cost-cutting and will significantly reduce spending this year below its original $1.2 billion budget, its finance chief said...
Oil rises over 3% on Fed steps to support economy, hopes of U.S. aid package
Oil rose over 3% on Tuesday after the U.S. Federal Reserve said it would take steps to bolster the economy and on growing hopes the...