March 11, 2020

Boeing to freeze hiring, overtime due to 737 MAX, virus impacts

Boeing Co is freezing new hiring and overtime except in certain critical areas in efforts to preserve cash due to the coronavirus outbreaks and the 737 […]
March 11, 2020

Saudi, UAE gear up for long-term oil market fight with capacity plans

Top oil exporter Saudi Arabia said on Wednesday it would launch a program to boost production capacity for the first time in more than a decade, […]
March 11, 2020

U.S. oil company workers made a big, bad retirement bet: their own stock

Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their […]
March 11, 2020

Trump to discuss coronavirus response with Wall Street chiefs

President Donald Trump will meet with Wall Street executives on Wednesday to discuss the financial industry’s response to the coronavirus and the toll it is taking […]
March 11, 2020

Warren Buffett to wait until April 1 to assess Berkshire Hathaway annual meeting: Omaha mayor

Warren Buffett intends to wait until around April 1 to decide whether the coronavirus outbreak will require changes to Berkshire Hathaway Inc’s annual shareholder weekend a […]
March 11, 2020

Telefonica, TIM plan joint bid for Oi’s mobile business in Brazil

Shares in Telefonica Brasil SA and TIM Participações SA rose in the morning trading as both companies said they are planning a joint offer to buy […]
March 11, 2020

Boeing plans full drawdown of $13.8 billion loan: Bloomberg News

Boeing Co is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions […]
March 11, 2020

Adidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit

German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were […]
March 11, 2020

UAE joins Saudi in opening oil taps as row with Russia slams crude prices

The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers […]
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