Oasis Petroleum Inc and Lonestar Resources US Inc's bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn.
US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were expected to try again on Thursday to reach a deal on COVID-19 relief, while the House of Representatives stood ready for a second day to move a Democratic bill if talks fail.
U.S. coal baron Robert Murray, whose company Murray Energy filed for bankruptcy last year, has applied for federal benefits to treat his black lung disease after opposing more stringent coal dust regulations for years, according to report by West Virginia public radio.
Goldman Sachs Group Inc is buying General Motors Co's credit card business for about US$2.5 billion, the Wall Street Journal reported on Thursday (Oct 1), citing people familiar with the matter.
Goldman Sachs Group Inc is buying General Motors Co's credit card business for about US$2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Wall Street see-sawed on Thursday as investors juggled optimism over progress on stimulus talks Washington with signs of waning momentum of economic recovery from the pandemic recession, now entering its ninth month.
The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year may have run its course.
U.S. airlines face a winter test of their finances and question marks over the reach of their domestic flight networks after failing, for now, to win fresh federal aid.
With a framed Joe Biden poster in the background, Amazon.com Inc's Jay Carney made no secret of his long history with the presidential candidate while speaking at a virtual policy roundtable during August's Democratic party convention.
U.S. House Speaker Nancy Pelosi cautioned on Thursday that Democrats and the Trump administration remain far from agreement on COVID-19 relief in several key areas, saying the two sides were locked in debate over both dollars and values.
