Category: Business

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of […]

The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday. Hilco Redevelopment Partners won an auction in January to purchase the 1,300-acre site along the Schuylkill River in […]

U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business. Marshall McCrea, chief commercial officer for the Dallas-based company, said in a recorded message to employees the cuts would begin Monday and affect about […]

Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. The agreement comes after the airline’s supervisory board on Wednesday rejected an initial deal with Brussels […]

Alphabet Inc’s (GOOGL.O) Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States. “We are excited to tell you more about Android 11, but now is not the time to celebrate,” Google […]