May 2, 2020

NBCUniversal weighs layoffs at media, entertainment units: WSJ

Comcast Corp owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the […]
May 2, 2020

Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries

Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that […]
May 2, 2020

Uber must face lawsuit claiming it stifled competition, drove out rival Sidecar

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, […]
May 1, 2020

Rolls-Royce considering cutting up to 15% of its workforce: source

British aero-engine maker Rolls-Royce Holdings Plc is considering cutting up to 15% of its workforce, a source close to the company told Reuters, with its customers […]
May 1, 2020

Tesla tumbles after Musk tweets stock too high

Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was overly expensive. Powered by […]
May 1, 2020

For Fed Chair Powell, March was pure madness as coronavirus response intensified

A half-hour staff meeting in a secure location. Powered by WPeMatico
May 1, 2020

JPMorgan Chase approved to process $15 billion in new PPP loans

JPMorgan Chase & Co said on Friday that the U.S. Small Business Administration gave it the green light to make $15 billion in new loans to […]
May 1, 2020

Exxon, Chevron slam brakes on shale as oil demand tumbles

Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged […]
May 1, 2020

United sees third-quarter daily cash burn under $40 million, still taking jet deliveries

United Airlines Holdings Inc expects to reduce its daily cash burn to below $40 million in the third quarter, even with zero passenger revenues and no […]
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