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Trump invokes Defense Production Act to stop export of masks

U.S. President Donald Trump on Friday signed an order directing his administration to stop N-95 face masks and other personal protective equipment needed in the fight against the coronavirus pandemic from being exported to other countries......»»

Category: topSource: REUTERS3 hr. 10 min. ago Related News

Saudi Arabia denies withdrawing from OPEC+ deal, says Russia was the one that withdrew

The Saudi foreign minister said early on Saturday that a statement attributed to Russia's President Vladimir Putin about the kingdom's withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported......»»

Category: topSource: REUTERS3 hr. 10 min. ago Related News

Saudi energy minister rejects Russian comments about kingdom"s withdrawal from OPEC+ deal

The Saudi energy minister on Saturday rejected Russia's remarks that the kingdom withdrew last month from a deal to cut output......»»

Category: topSource: REUTERS3 hr. 10 min. ago Related News

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

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 was among their top concerns, according to three sources briefed on the matter......»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

U.S. airlines apply for U.S. payroll help but terms still unclear

Major U.S. airlines applied on Friday for p.....»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

Mexico without Corona: Brewers suspend production during pandemic

Mexicans fretted about beer supplies on Friday after Dutch brewer Heineken said it will suspend production at its seven plants in Mexico to comply with coronavirus containment measures, following a similar announcement by rival Modelo......»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

U.S. businesses swarm coronavirus bailout fund after days of confusion

Like many small business owners, New York City restaurateur Dan Kluger spent his Friday scrambling to apply for a loan under the U.S. government's $349 billion small business bailout fund, which officially launched in the morning......»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

GM reduces loan refinancing target, may pay up for new debt

NEW YORK (LPC) - General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US......»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

Berkshire Hathaway sells part of Delta, Southwest airline stakes

Warren B.....»»

Category: topSource: REUTERS4 hr. 55 min. ago Related News

Don"t own Zoom? Here"s the next best bet: fund manager

Buy stocks of software companies that boost business efficiency such as AudioCodes, whose technology helps power Zoom and Skype, says growth fund manager Gerry Frigon of Taylor Frigon Capital Management......»»

Category: videoSource: REUTERS5 hr. 40 min. ago Related News

Don"t own Zoom? Here"s the next best bet: fund manager

Buy stocks of software companies that boost business efficiency such as AudioCodes, whose technology helps power Zoom and Skype, says growth fund manager Gerry Frigon of Taylor Frigon Capital Management......»»

Category: videoSource: REUTERS5 hr. 40 min. ago Related News

Stocks tumble as employers slash jobs at rapid pace

Wall Street fell Friday after fallout from the coronavirus pandemic prompted employers to shed the most jobs in 11 years. Conway G. Gittens has the details......»»

Category: videoSource: REUTERS5 hr. 40 min. ago Related News

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 ......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

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 far......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

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......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

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......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

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......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

U.S. airlines apply for U.S. payroll grants for crisis help

Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed while airlines ride out their toughest crisis in history due to the coronavirus, though some warned the funds are "not enough.".....»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

Soaring unemployment increases odds U.S. banks will cut dividends

Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans......»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News

Kraft Heinz cuts output at three plants, adds shifts for mac & cheese

Kraft Heinz Co said.....»»

Category: topSource: REUTERS6 hr. 10 min. ago Related News