Business > Industry

Trump aims to ease U.S. oil industry's cash crunch, no plan to trim output: sources

6 hours ago   |   Reuters

U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting it...
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Berkshire Hathaway sells part of Delta, Southwest airline stakes

6 hours ago   |   Reuters   |   3 articles

Warren Buffett's Berkshire Hathaway Inc said on Friday it sold about 18% of its stake in Delta Air Lines Inc and 4% of its holdings in Southwest Airlines Co this week, as the...
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'Disaster' feared if sick moved to California nursing homes

6 hours ago   |   Star Tribune

A California directive that could open the way for some patients sickened with COVID-19 to be sent from overburdened hospitals to nursing homes is being criticized by industry...
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Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

7 hours ago   |   Business Insider   |   3 articles

Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC filings show. The billionaire...
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New rule: It's virtual property tours only in real estate biz

7 hours ago   |   Times Union

ALBANY - The rules for realtors, deemed essential during the pandemic, have been clarified. The Empire State Development, after receiving push back from brokers and realtors...
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Delta CEO: We're losing $60 million a day as the coronavirus pandemic rages on

Delta CEO: We're losing $60 million a day as the coronavirus pandemic rages on

8 hours ago   |   Business Insider

Delta is burning through more than $60 million of cash each day, as it sees more than a 95% drop in demand from the same period last year. In a memo to staff, CEO Ed Bastian...
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Leaked memo shows how new SAG-AFTRA rules will make it easier for advertisers to use union actors

Leaked memo shows how new SAG-AFTRA rules will make it easier for advertisers to use union actors

8 hours ago   |   Business Insider

Actors union SAG-AFTRA recently reached a new agreement with the ad industry that loosens the union's rules about who can work with union talent, according to a leaked...
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Grappling With The Auto Industry's New World During COVID-19

9 hours ago   |   Forbes

Carla Bailo, President of the Center for Automotive Research in Ann Arbor, Mich., put it in martial terms declaring, “There's really a war. There's a war on this virus. It's a...
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Stock market takes dive as horrendous jobs report sinks in

Stock market takes dive as horrendous jobs report sinks in

9 hours ago   |   New York Post

US stocks tumbled Friday after a brutal monthly jobs report gave Wall Street more proof of how hard the coronavirus pandemic has hit the economy. The Dow Jones industrial...
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JPMorgan expects 7 million Americans will file for unemployment benefits next week - the 3rd record in a row

10 hours ago   |   Business Insider

JPMorgan estimates that 7 million Americans will file for unemployment benefits next week, according to a Friday note from economist Jesse Edgerton. The estimate comes after a...
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Trump fired the intelligence official who handled Ukraine whistleblower...

Trump fired the intelligence official who handled Ukraine whistleblower complaint

Intelligence Community Inspector General Michael Atkinson will be out of the job in 30 days, according to a letter from President Donald Trump that was reported on Friday... Read more ...

Shoppers In Mexico Are Panic-Buying Beer During The Coronavirus Crisis

Shoppers In Mexico Are Panic-Buying Beer During The Coronavirus Crisis

To the shock of many, alcoholic beverage production was listed as a nonessential business during the shutdown to aid social distancing. Then came the beer hoarding. (Image... Read more ...

Airlines Apply For Relief Payments Amid Coronavirus Slowdown

Airlines Apply For Relief Payments Amid Coronavirus Slowdown

In return for a share of billions of dollars, the companies must say how they expect to pay it back and not lay off workers through Sept. 30, among other restrictions. (Image... Read more ...

Walmart will start counting shoppers at the door and limiting how many can enter

Walmart will start counting shoppers at the door and limiting how many can enter

Walmart stores will allow no more than five customers for each 1,000 square feet of space. Walmart employees stationed at store entrances will count customers and admit them... Read more ...

Zoom will enable meeting passwords and virtual waiting rooms by default to...

Zoom will enable meeting passwords and virtual waiting rooms by default to help stop 'Zoombombing' incidents

Zoom is improving the security settings on its app, after facing backlash from users. Starting April 5, Zoom will require passwords if a user tries to enter a meeting using... Read more ...

Roll-out of a business loan program brings hope to small businesses impacted...

Roll-out of a business loan program brings hope to small businesses impacted by COVID-19

Small businesses, crippled by the coronavirus crisis, are hoping government programs will be the safety net to help keep them afloat. Read more ...

Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of Delta...

Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC filings show. The billionaire... Read more ...

'Throwing the commanding officer overboard': Democrats want investigation...

'Throwing the commanding officer overboard': Democrats want investigation after Navy fires aircraft carrier captain

House lawmakers want answers about the Navy's abrupt dismissal of Capt. Brett Crozier, commanding officer of the USS Theodore Roosevelt, after his letter pleading for... Read more ...

US Transportation Department to airlines: Don't 'forget' to refund customers...

US Transportation Department to airlines: Don't 'forget' to refund customers if a flight is canceled

The US Department of Transportation issued an enforcement notice to airlines on Friday, warning them that they must offer refunds to passengers whose flights are canceled. Some... Read more ...

Amazon is reportedly delaying its mega shopping holiday Prime Day until at...

Amazon is reportedly delaying its mega shopping holiday Prime Day until at least August

Amazon is delaying Prime Day, its annual shopping extravaganza, until at least August, according to Reuters. Amazon typically holds the event every July. The company expects to... Read more ...