Fracking Trailblazer Chesapeake Energy Files for Bankruptcy

Chesapeake Energy filed for bankruptcy protection as an oil- and gas-price rout stoked by the coronavirus pandemic proved to be the final blow for a shale-drilling pioneer long hamstrung by debt. 


 
FAA to Start Boeing 737 MAX Test Flights

U.S. air-safety regulators are set to begin key flight tests as early as Monday, amid growing expectations by industry and government officials that the planes are likely to return to service around the end of the year. 


 
U.S. Presses Europe to Uproot Chinese Security-Screening Company

Amid a global anti-Huawei effort that has seen mixed results, the U.S. sets another Chinese tech company in its crosshairs: Nuctech, a state-controlled firm that is quietly dominating Europe's cargo and airport screening market. 


 
Coronavirus Erases Guidance From 40% of S&P 500

More than 40% of the companies in the S&P 500 have pulled their guidance, as the coronavirus pandemic has doused U.S. corporations in uncertainty, and their shares together have fallen more than the broader index. 


 
Pandemic Drives Sharp Plunge in Revenue for Asian Companies

Asia-Pacific companies affected by the Covid-19 pandemic have lost more than $100 billion in revenue amid global lockdowns, with declines at oil firms, auto makers and airlines substantially outweighing gains at a handful of beneficiaries. 


 
NBC Lands U.S. Golf Association Rights as Fox Walks Away From Deal

The media rights to the United States Golf Association, which include the U.S. Open tournament, are jumping from Fox Sports to NBC Sports, according to people familiar with the matter. 


 
Cable News Networks to Team Up on Convention Coverage Amid Pandemic

Executives at CNN, MSNBC and Fox News are in talks to coordinate their coverage of the Democratic and Republican conventions, aiming to send fewer journalists than initially planned over concerns about contagion. 


 
American Companies Find Willing Buyers of Debt Abroad

Asian and European firms have rushed to buy U.S. corporate bonds, attracted by higher yields and falling costs for hedging currency risk. 


 
Casinos Consider Cashless Gambling to Fight Coronavirus

The U.S. casino industry remains a bastion of cash. But the Covid-19 pandemic has generated concern over bills circulating among hundreds of hands, and that is pushing casinos toward cashless technology. 


 
Chinese Vaping Company Smoore Plans $900M Hong Kong IPO

Chinese vaping company, Smoore International Holdings Ltd., is planning to raise as much as $918.6 million through an initial public offering in Hong Kong.