Occidental Petroleum Corp on Monday posted its fourth straight quarterly loss as it recorded a US$6.6 billion impairment charge, largely to write down the value of its oil and gas properties following a crash in crude prices.
Unionized employees at Exxon Mobil Corp’s refinery and chemical plant in Beaumont, Texas, will seek negotiations with the company over plans to suspend the employer contribution to their 401K retirement savings plan, sources familiar with the matter said.
The U.S. government will not proceed further with a government loan to Eastman Kodak Co to make drugs at its U.S. factories unless the company is cleared of allegations tied to the circumstances surrounding Kodak’s announcement of the US$765 million government loan, the White House said on Monday.
Fiat Chrysler Automobiles NV (FCA) on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller rival, comparing a recent GM filing to a "third-rate spy movie, full of preposterous allegations."
REUTERS: Facebook Inc named former PayPal Holdings Inc executive Stephane Kasriel to lead Facebook Pay, a company executive said on Monday. The social media giant will also create a new group to look after its payments-related initiatives, including Facebook Pay and WhatsApp payments, David ...
An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel's major owners has become a relic of the past which the US$44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters.
Facebook and Microsoft's grievances over how their gaming apps appear on Apple's App Store may feed into an EU investigation into the iPhone maker's business as EU antitrust regulators said such concerns are on their radar.
McDonald's Corp said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees.
Russian competition watchdog FAS on Monday said that Apple Inc has abused its dominant position in the mobile apps market through its App Store for iOS devices and will issue an order demanding that the company resolve regulations breaches.
Shares in major U.S. airlines rose on Monday after the Transportation Security Administration (TSA) said it screened more than 800,000 people at U.S. airport checkpoints on Sunday for the first time since March 17.
