Occidental names new CFO in latest management change
Oil and gas producer Occidental Petroleum Corp on Friday named company insider Robert Peterson as its new chief financial officer.
Exclusive: Amazon to delay Prime Day event due to coronavirus, outlines cloud risks
Amazon.com Inc is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuters.
Explainer: Antitrust law won’t get in the way of U.S. acting to raise oil prices
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
Large U.S. banks to take small business loan applications next week: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so f…
Warren Buffett’s Berkshire Hathaway sells some stake in Delta Air Lines
Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc .
Fiat Chrysler postpones shareholders’ meeting and resolution on dividend to late June
Fiat Chrysler said on Friday it decided to postpone to late June its shareholders’ meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.
Walmart to limit number of customers at stores as virus crisis deepens
Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among its customers.
Big U.S. banks start accepting small business aid requests
Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation.
Exxon plays on virus worries in Baytown contract talks: union official
A union official accused Exxon Mobil Corp on Friday of using “scare” tactics and exploiting economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery, allegations the company denied.
Kraft Heinz halts three plants but adds shifts for mac & cheese
Kraft Heinz Co has moved to halt production at three plants providing restaurant supplies but has added shifts at others to meet demand for packaged foods like macaroni and cheese amid the new coronavirus outbreak, its chief executive said on Friday.
