Shell to Cut Up to 9,000 Jobs
Royal Dutch Shell plans to cut as many as 9,000 jobs by the end of 2022, and said it expects to book charges of up to $1.5 billion in the third quarter.
Caesars, William Hill Agree Offer Terms
Caesars and William Hill have agreed on the terms of a recommended offer that values the U.K. betting company at GBP2.9 billion.
BP Bets Future on Green Energy, but Investors Remain Wary
BP has unveiled the most aggressive plans yet by a major oil company to pivot toward cleaner energy. But the revamp has so far failed to ignite enthusiasm among investors despite growing interest in renewables.
Volkswagen Tries to Change Workplace Culture That Fueled Emissions Scandal
Volkswagen is betting that a reformed compliance culture and an expanded whistleblower program that helped the German car maker clear a critical U.S. regulatory milestone this month will also help prevent another scandal and go a long way in restoring its reputation.
Seven Airlines Close Billions of Dollars in Loans With Treasury
The U.S. Treasury said it has closed loans to seven passenger airlines and joined with the industry to call on Congress to extend more aid to prevent massive job cuts later this week.
Boeing to Move All 787 Dreamliner Production to South Carolina
Boeing will set plans this week to consolidate 787 Dreamliner assembly in South Carolina, people familiar with the matter said, ending production of that jetliner in Washington state.
NextEra Energy Made Takeover Approach to Duke Energy
NextEra Energy recently made a takeover approach to Duke Energy, according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two southern utilities.
Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala
Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is making an investment in Silver Lake and contributing $2 billion to help the technology-focused private-equity firm launch a new long-term strategy, according to people familiar with the matter.
Disney to Lay Off 28,000 Employees as Disneyland's Reopening Unclear
Walt Disney said it would lay off about 28,000 employees at its domestic theme parks, citing continuing restrictions due to the Covid-19 pandemic, particularly its inability to reopen Disneyland in Southern California.
Twitter Partner's Alerts Highlight Divide Over Surveillance
Dataminr sells a service to police that monitors Twitter's full feed and sends alerts including tweets about protests-putting the pair at odds with privacy advocates.