Exxon Mobil is preparing to restart the sale of its British North Sea assets after weaker oil prices and the coronavirus outbreak led to months of delay, industry and banking sources said.
Fast-talking auctioneer Greg Highsmith sung out dozens of prices – “seventy-five-hundred now, $10,000 now, be able to get 15,000?” – before a North Dakotan buyer paid $27,500 for a used Caterpillar oil swabbing rig on Friday.
Ryanair rejected new British government guidance for passengers to check in all luggage including hand bags, saying on Thursday it would instead recommend that passengers minimise checked-in luggage.
Time for a long overdue stock market correction? …read more […]
Ryanair on Thursday rejected new British government guidance for passengers to check in all luggage including hand bags, saying it would instead recommend that passengers minimise checked-in luggage.
Yahoo Finance’s Adam Shapiro and Julie Hyman break down the latest trending headlines. …read more […]
U.S. stocks slumped on Thursday with the S&P 500 and the Dow set for their steepest percentage declines since April 1, as investors fretted over a new wave of coronavirus infections and a gloomy economic forecast from the Federal Reserve.
(Bloomberg) — Shares of Boeing Co. and its largest suppliers sank Thursday after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory.A resurgence in Covid-19 cases in some regions of the U.S. has added to concerns that airlines face a prolonged recovery that will make it difficult for Boeing to meet delivery targets for its 737 Max, a crucial source of cash. The Chicago-based planemaker is already backtracking from an early May agreement with Spirit AeroSystems Holdings Inc. to deliver 125 Max frames this year.Boeing fell as much as …read more […]
On Wednesday, The Federal Reserve says it expected real GDP to contract by 6.5% in 2020. Peter Navarro, a top Trump advisors, responded Thursday. …read more […]
Unilever proposed on Thursday to ditch its dual Anglo-Dutch legal structure and create a single company in Britain to give it more flexibility for mergers and acquisitions as the coronavirus pandemic overwhelms businesses worldwide.
The U.S. Environmental Protection Agency (EPA) said on Thursday that it ordered Amazon.com Inc and eBay Inc to stop selling a wide range of pesticide products on their platforms, including those that are falsely marketed as being effective against the novel coronavirus.
Oil prices tumbled around 7% on Thursday, fueled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while the United States saw another large build in crude inventories.
Just Eat Takeaway said on Thursday its proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant would give it the upper hand in the online food delivery market, where competitors are scrambling for share.
U.S. stocks extended losses on Thursday, with the S&P 500 on track for its sharpest percentage decline since April 1, as investors worried about a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve.
(Bloomberg) — U.S. Treasury Secretary Steven Mnuchin said the economy shouldn’t be closed again even with another surge in coronavirus cases. Meanwhile, a second wave of infections as states reopen is raising alarm after the overall count passed 2 million.U.K. Prime Minister Boris Johnson is battling to contain a public split with his top scientific advisers, after they warned the government must learn from the catalog of failures it made during the crisis. Job losses continued to mount in the country.Moderna said it had selected a dose for a final-stage clinical trial of its vaccine that should begin in July, …read more […]
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