April 3, 2020

Brent crude surges 10% on hopes of oil output deal

Crude futures surged for a second day on Friday, with benchmark Brent up 10% on hopes that a global deal to cut crude supply worldwide will […]
April 3, 2020

Deep oil output cuts won’t offset unprecedented demand loss: IEA

Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on […]
April 3, 2020

FedEx hoards cash, slashes CEO pay amid coronavirus threat

FedEx Corp said on Friday it would pull $1.5 billion from a credit line and slash CEO pay as stay-at-home orders aimed at stemming the spread […]
April 3, 2020

U.S. airlines face deadline to apply for federal payroll grants

U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion […]
April 3, 2020

U.S. warns airlines to quickly refund tickets after canceled flights

The U.S. Transportation Department on Friday issued a notice to airlines reminding them they are obligated to refund tickets when they cancel a flight or make […]
April 3, 2020

Heineken says it will suspend production, distribution in Mexico due to coronavirus

Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government’s decision to […]
April 3, 2020

Trump to host Big Oil execs at White House to discuss market slump

U.S. President Donald Trump will meet with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, […]
April 3, 2020

Ford to keep Europe manufacturing ops offline at least until May 4

Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites at least until May 4. […]
April 3, 2020

FedEx slashes CEO’s salary, draws $1.5 billion from credit line

FedEx Corp said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as parcel delivery services […]
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