Month: June 2020

As its peers write down U.S. shale assets by billions of dollars amid lower energy prices, Exxon Mobil stands increasingly alone in not adjusting the value of its holdings, and some accountants are questioning why.

Airbus said it would cut 15,000 jobs across its commercial aircraft division, the biggest restructuring in the planemaker’s history, citing what it expects to be the Covid-19 pandemic’s yearslong impact on the aviation sector.

Karen Parkin, the global head of human resources at Adidas, is retiring from the company following some employee complaints about the sportswear giant’s culture and lack of diversity.

Fewer young people are working than ever before, but those with jobs often have to choose between risking their financial and personal well-being.

A potentially $100 billion battle looms over “business interruption” coverage, which insurers say doesn’t apply unless there is physical damage, like from a fire. In the thick of the fight is a New Orleans plaintiffs’ lawyer who made his mark in the aftermath of hurricanes.

Uber Technologies is in discussions to buy Postmates for about $2.6 billion, according to people familiar with the matter, the latest in a rapid-fire series of moves to consolidate the food-delivery industry.

India banned dozens of Chinese mobile apps, including widely used TikTok and WeChat, after a border clash between troops from the two countries left 20 Indian soldiers dead this month.

Norwegian Air Shuttle ASA said it is its canceling orders for 92 of Boeing Co.’s troubled 737 MAX jets, threatening to add to the U.S. planemaker’s mounting financial strain.