MOSCOW—Russia's adherence to a hard-fought oil production deal with Saudi Arabia and the U.S. could be imperiled by its aging industrial infrastructure and the unique challenges of winding down a broad network of wells across its vast landmass. Moscow ...
MELBOURNE (Reuters) - Oil prices rose on Thursday, building on big gains in the previous session on signs the U.S. crude glut is not growing as fast as expected and that gasoline demand battered by COVID-19 restrictions is starting to pick up. FILE PHOTO: ...
(Reuters) - Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook's Zuckerberg endorsing the measures while Tesla's Musk ...
SYDNEY — Virgin Australia Holdings Ltd's administrators have halted payments to bondholders and appointed Morgan Stanley to help sell the airline within four months, said a participant in a meeting of creditors owed nearly A$7 billion ($4.58 billion).
Aviation is the most global of global industries. It employs millions of people, underpins the livelihoods of tens of millions more, and acts as part of the central nervous system of international business and leisure. Yet now vast parts of the network have been ...
Spot gold fell 0.1% to $1,708.85 per ounce by 0141 GMT. U.S. gold futures rose 0.7% to $1,725.00 per ounce. Palladium rose 0.6% to $1,947.94 an ounce and platinum gained 0.2% to $776.32 per ounce, while silver fell 0.8% to $15.24 per ounce. GP: : Gold ...
Nick Gitsis has been working hard to see his small family restaurant through the coronavirus crisis. Located in what he describes as a "sleepy town" in Warsaw, N.Y., Gitsis's business, Silverlake Family Restaurant, has been getting creative to keep the money ...
WASHINGTON — President Donald Trump lambasted internet retailers again on Wednesday for taking advantage of the U.S. Postal Service and said those firms needed to pay more for package delivery. "We want our post office to be successful. We don't ...
Stocks in Asia rose in Thursday morning trade. Investors watched for market reaction to developments overnight regarding the use of Gilead Sciences' antiviral drug remdesivir as a potential new treatment for Covid-19 patients. On the economic data front, ...
Tokyo (CNN Business) SoftBank is warning that it will fall deeper into the red, just two weeks after it shocked investors by forecasting a record annual loss. The Japanese company on Thursday widened its forecast for a net loss in the year ended in March from ...
Shares of Intel (NASDAQ:INTC) jumped on Wednesday along with the major stock market indices. While there was no company-specific news, a solid earnings report from Advanced Micro Devices (NASDAQ:AMD) may be helping the cause. Shares of Intel ...
With the push of a red button, one of the two operating reactors at an aging nuclear plant serving millions of people in the New York City area will shut down Thursday night as federal regulators consider the owner's proposal to sell it to a company that plans to ...
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. The U.S. economy has been severely impacted by the coronavirus, and Americans' retirement savings haven't been immune. Last week ...
After months of wondering and hoping for the best, investors get to see what the coronavirus has done to the business. Jon Quast. (TMFJaguar). Apr 29, 2020 at 5:30PM. Author Bio. After spending over a decade travelling the world exploring different cultures ...
Both AT&T (NYSE:T) and Verizon (NYSE:VZ) reported quarterly earnings in April, so investors got a peek into how the coronavirus pandemic affected two of the largest wireless carriers in the U.S. The insights are helpful, particularly to understand each ...
It could be a lot worse. That's probably the thought that's gone through the minds of shareholders of Laboratory Corporation of America (NYSE: LH). The stock plunged more than 30% in March. But it's now up a little year to date after a major rebound in recent ...
There is a coronavirus outbreak at the Tyson plant in Joslin, Nita Ludwig, Rock Island County Health Department, administrator confirmed Wednesday at the daily health briefing by the Scott and Rock Island county health departments. As of Wednesday ...
The biggest mall operator in the United States is preparing to reopen 49 malls in 10 states where stay-at-home orders are expected to be eased amid the coronavirus pandemic. Simon Property Group detailed its plan for reopening in a memo posted on its ...
The traditional "spring buying season" for homes may be a bust this year for traditional realtors, Redfin (NASDAQ:RDFN), Zillow Group (NASDAQ:Z)(NASDAQ:ZG), and others, according to March data released Wednesday morning by the National Association ...
First-quarter motorcycle sales for Harley-Davidson (NYSE: HOG) were as terrible as you'd expect, plunging 18% worldwide from the year-ago quarter and down more than 15% in the U.S.. What might be more surprising is that the bike maker said ...
Tesla's solar energy business took a step backward to start the year, with installations dropping as the coronavirus outbreak started to spread through the economy. Tesla said Wednesday that its solar energy deployments fell by 25% from a year ago, with the ...
Stocks surged on Wednesday, as a week-long rally off of March lows continued. The Dow Jones Industrial Average rose 532 points, or 2.2%, to finish at 24,633. Silicon Valley names largely led the way, with the tech-heavy Nasdaq jumping 3.6% as Alphabet ...
DAKOTA CITY, Neb. — Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., is currently winding down production and will temporarily pause operations Friday, May 1 through Monday, May 4 at its Dakota City, Neb., beef facility to ...
The major banks are unlikely to be a happy hunting ground for yield-hungry investors with dividends set to remain constrained until the economy gets a grip on the true cost of the pandemic. Bank dividends have already either been heavily reduced or ...
ViacomCBS laid off more workers Wednesday as part of ongoing streamlining efforts following the merger of Viacom and CBS, according to Hollywood Reporter. The industry publication didn't report exact numbers but said staffers were laid off at Nickelodeon ...
EVART, Mich. (AP) — A bottled water company has won a key decision in its effort to pump more water from a well in western Michigan. An administrative law judge last week upheld a state permit, which allows Nestle Waters North America to pump 400 ...
Dietikon, Switzerland, April 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- The booming cannabis industry hasn't been stopped by the recent outbreak of COVID-19, in fact many sources claim that the nature of people's self-isolation has boosted ...
MILWAUKEE — Wednesday, April 29 marks the 40th anniversary of the wish that inspired the founding of Make-A-Wish, the organization that creates life-changing wishes for children with critical illnesses worldwide. Now more than ever, a news release says ...
Macquarie Capital and RBC Capital Markets are off risk at gold miner Newcrest Mining. As the two brokers beat drums for Newcrest's $1 billion placement, they sent clients a book message at lunchtime on Thursday. Newcrest Mining chief executive Sandeep ...
The Walmart in Worcester, Massachusetts, has been shut down by emergency order of the city after a cluster of coronavirus cases. Worcester City Manager Edward Augustus said 23 employees of the store off Route 146 tested positive for COVID-19 over the ...
Bitcoin has officially broken out above the $8,000 level of resistance with a stunning 7.86% rally over the past 24-hours. At the time of writing the world's largest cryptocurrency is trading at around $8,350 with a potential upside price target emerging at $8,830.
New York — Valero Energy expects to run its refinery system at about 70% of capacity in the second quarter of 2020 as it seeks to strike a balance between supply and demand while states begin to reopen cautiously after the coronavirus pandemic shutdowns ...
On the surface, it appears that Lawrence Ho's Melco Resorts & Entertainment has taken a beating on this week's disposal of its 9.99% stake in Crown Resorts to American private equity and hedge fund giant The Blackstone Group. But scratch the surface, and ...
Company improves and accelerates public cloud virtual desktops for work from home, branch offices and enterprise deployments. NetApp® (NASDAQ: NTAP), the leader in cloud data services, today announced that it acquired CloudJumper, a leading cloud ...
Shares of nVent Electric (NYSE:NVT) were unchanged after the company reported Q1 results. Quarterly Results. Earnings per share fell 12.82% over the past year to $0.34, which missed the estimate of $0.37. Revenue of $520,900,000 lower by 3.18% from ...
COLUMBUS, Ohio — The union representing nurses at Ohio State University has turned to the Occupational Safety and Health Administration with concerns about what it says are hazardous working conditions as they deal with the COVID-19 coronavirus ...
We're committed to keeping our readers informed. We've removed our paywall from essential coronavirus news stories. Become a subscriber to support our journalists. Subscribe now. "It's awful, I'm sorry," one health-care worker told a 17-year-old Utahn in ...
Paine Field Airport in Everett began screening passengers' body temperatures with a thermal camera Wednesday because fever is a known symptom of COVID-19, the disease caused by the novel coronavirus. Passengers are screened before reaching the ...
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