Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel demand.
British aero-engine maker Rolls-Royce Holdings Plc is planning to slash up to 8,000 jobs, the Financial Times reported https://www.ft.com/content/027ce53d-8770-48a6-ba7b-000d979033b0 on Friday.
SAN FRANCISCO/WASHINGTON: A half-hour staff meeting in a secure location. A 40-minute consultation with an infectious disease specialist. Multiple days of "unscheduled telephone calls from home with staff and other government officials," including Saturdays and Sundays. These are just a few of ...
Uber Technologies Inc was ordered by a U.S. judge on Friday to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices stifled competition, and drove rival Sidecar Technologies Inc out of business.
The coronavirus pandemic has upended U.S. equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.
After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well.
Facebook Inc is at risk of losing a key seal of approval that gives companies confidence they are getting what they pay for when it comes to advertising with the social-media giant, the Wall Street Journal reported on Friday.
LONDON (Thomson Reuters Foundation) - Gamers escaping coronavirus lockdowns have seen their virtual savings slashed in hit video game "Animal Crossing", highlighting the limited rights users have to digital property. Players of the viral Nintendo Switch game received a notice saying interest ...
NEW YORK: JPMorgan Chase & Co said on Friday that it received government approval to process roughly US$15 billion in loans through the Small Business Administration's Paycheck Protection Program, bringing its total number of funded loans through the program to about US$29 billion. The latest ...
McDonald's Corp said it would reopen 15 restaurants in the United Kingdom this month, only for delivery, leaving some fast food fans cheering.
