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Updated: 4 years 30 weeks ago
Half of announced North American oil cuts come from just three companies
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron Corp , ConocoPhillips and Occidental Petroleum Corp - account for more than half of the cuts.
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Ford's three-part unsecured debt offering worth $8 billion: IFR
Ford Motor Co will launch a three-part unsecured debt offering of $8 billion, yielding up to 9.6% on the 10-year loan, capital markets intelligence provider International Financing Review reported on Friday.
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FAA, CDC to update guidance to flight crews on coronavirus precautions
The Federal Aviation Administration (FAA) and Centers for Disease Control and Prevention (CDC) plan to update guidance for airline flight crews about dealing with the coronavirus pandemic amid concerns from pilots, but regulators are not mandating new safety requirements.
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EY whistleblower awarded $11 million after suppression of gold audit
A British court awarded $11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates.
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Berkshire will shut some businesses, stay cautious in coronavirus 'typhoon,' Munger tells WSJ
Warren Buffett's Berkshire Hathaway Inc will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday.
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Exclusive: Chinese-backed owners commit to British HQ for Imagination Tech
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.
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NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisis
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.
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P&G sees best U.S. sales in decades as shoppers stock up
Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.
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Wall Street climbs on Boeing, Trump's reopening plan
Wall Street bounced on Friday, boosted by a surge in Boeing shares, with President Donald Trump's plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19 helping sentiment.
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Former Carige CEO frontrunner for head of Monte Paschi: sources
Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources told Reuters on Friday.
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Norwegian Air to overhaul its strategy in wake of pandemic: bondholder
Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday.
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Uniper installs new directors at Fortum's request
Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland's Fortum secured a 69.6% stake in the German energy group.
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Ford to issue debt securities after virus triggers $2 billion loss
Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.
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Volvo Cars to restart production in Sweden next week
Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.
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GE aircraft leasing unit cancels 69 737 MAX orders
General Electric Co's aircraft leasing subsidiary on Friday canceled 69 orders for Boeing Co's grounded 737 MAX jets as it evaluates its order book during the coronavirus pandemic, the latest setback for the U.S. planemaker.
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Gilead's shares rise on report of experimental drug's promise in COVID-19
Shares of Gilead Sciences Inc rose 8% on Friday after a report that patients with COVID-19 treated with the company's experimental drug, remdesivir, in a clinical trial showed rapid recovery in fever and respiratory symptoms.
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Nigeria's oil hub quarantines 22 Exxon Mobil workers: governor
Nigeria's Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.
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Motor maker Weg emerges as battered Brazil stock market's champion
In a bleak year that has seen Brazil's Bovespa slump to the worst performance of any major world stock market amid a coronavirus-linked retreat from risk, electric motor maker Weg SA has been the index's improbable champion.
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Exclusive: Chinese-backed owners committed to British HQ for Imagination Tech
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.
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