Boeing has extended the shutdown of its Seattle manufacturing site until further notice. Leslie Josephs reported the news for CNBC: Boeing is extending production shut down at its Seattle-area airplane factories “until further notice”...
Whiting Petroleum has become the first U.S. oil company to file for bankruptcy protection amid a price and demand slump. Arathy S Nair reported the news for Reuters: Whiting Petroleum Corp filed for Chapter...
Xerox has pulled its hostile takeover bid for peer HP because of the general business uncertainty created by the coronavirus outbreak. Ron Miller reported the news for TechCrunch: Xerox announced today that it would...
The Department of Justice has given the green light to the merger between Raytheon and United Technologies Corporation. Reuters’ Diane Bartz reported: The U.S. Justice Department has approved United Technologies Corporation’s planned merger with...
Shell will cut its spending by $5 billion this year and halt a $25-billion share repurchase program. Ron Bousso had the news for Reuters: Royal Dutch Shell (RDSa.L) will lower spending by $5 billion...
U.S. airlines have asked the government for an aid package that could top $50 billion. AP’s David Koenig reported: With each day that the coronavirus outbreak spreads and claims more lives, the damage to...
The U.S. travel industry is facing losses of $24 billion because of the coronavirus pandemic. Lauren Hirsch reported the news for CNBC: The U.S. travel and tourism industry could lose at least $24 billion...
Australia’s Information Commissioner filed a lawsuit against Facebook alleging the tech giant breached privacy laws. Byron Kaye reported the news for Reuters: The Australian privacy regulator filed a lawsuit against Facebook Inc accusing the...
GM has unveiled an investment plan worth $20 billion to advance its electric vehicle agenda and challenge the dominance of Tesla. CNBC’s Michael Wayland reported: General Motors will spend more than $20 billion through...
Apple has agreed to pay up to $500 million to settle a class action suit that accused the company of slowing down older iPhones to make users buy new models. CNN’s Rishi Lyengar reported...
