Alexa

Members of oil cartel to meet as coronavirus rattles demand

NEW YORK (AP) — Leaders of the OPEC cartel are meeting virtually to decide, once again, how much oil their members should produce as lockdowns related to the coronavirus continue to stifle demand for ...

Lyft's Zimmer talks future of workplace, electric vehicles

NEW YORK (AP) — Lyft scored a major victory when California voters passed Proposition 22, allowing app-based companies to treat drivers as contractors instead of employees and saving the company from ...

Lyft's results show pain but also hope as some riders return

NEW YORK (AP) — Lyft is still feeling the pandemic's severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers st...

Exxon, Chevron lose $887 million as pandemic pain continues

NEW YORK (AP) — Exxon Mobil lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the need for fuel. Revenue tumbled to $46...

Exxon to cut 1,900 US jobs as oil industry struggles

NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce as the pandemic continues to sap demand for fuel. The Irving, Texas-based oil giant said the reductions wil...

Twitter blocks tweet from Trump adviser downplaying masks

NEW YORK (AP) — Twitter blocked a post Sunday from an adviser to President Donald Trump who suggested that masks do not work to stop the spread of the coronavirus. Scott Atlas, who j...

Waymo removing backup drivers from its autonomous vehicles

NEW YORK (AP) — Waymo is allowing the general public to hitch a ride in its driverless autonomous vehicles in Phoenix, expanding a service it had been quietly offering to a select group of riders for ...

Regulators may take action against GE over faulty accounting

NEW YORK (AP) — Federal regulators may take action against General Electric for possible violations of securities laws, the company said Tuesday, signaling a new phase in ongoing federal investigation...

FedEx posted $1.25B profit as business deliveries improved

NEW YORK (AP) — FedEx earned $1.25 billion in its latest quarter, as online shopping remained popular among customers avoiding stores and shipments between businesses improved. The ...

Uber incentivizes drivers to switch to electric vehicles

NEW YORK (AP) — Uber is offering incentives to drivers to transition to cleaner vehicles while acknowledging that emissions from its rides have risen in recent years. The San Francis...

Oil industry shuts platforms, rigs, refineries before storm

NEW YORK (AP) — The energy industry is bracing for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and...

Oil industry shuts platforms, rigs, refineries before storm

NEW YORK (AP) — The energy industry is bracing for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and...

Insider Q&A: More oil and gas bankruptcies coming

NEW YORK (AP) — Bankruptcies in the U.S. oil patch are on the rise after the global pandemic decimated demand. But shale companies were struggling before COVID hit, loading up on debt before prices ca...

Lyft's 2Q loss $437M as virus spread and riders stayed home

NEW YORK (AP) — Lyft on Wednesday posted a loss of $437.1 million for the second quarter, when the coronavirus outbreak meant few people were looking to use its ride-hailing service. ...

Uber lost $1.8B in 2Q as riders stayed home and ordered in

NEW YORK (AP) — Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the corona...