Exxon aims for $15-a-barrel costs in giant Permian operation

The tech giant is reportedly developing battery innovations to improve vehicle safety, packaging, and range. .....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

The tech giant is reportedly developing battery innovations that improve vehicle safety, packaging, and range. Karl Mondon/Digital First Media/The Mercury News via Getty Images Apple climbed.....»»

Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown......»»

The chief executive of German insurance giant Allianz said on Wednesday that 2020 will not be another record earnings year but that the company aims to maintain its dividend as it deals with the wrath of the coronavirus outbreak......»»

The online retail giant posted massive first-quarter revenue growth with holiday-like buying offsetting challenges it had stocking household staples......»»

The online retail giant posts massive first-quarter revenue growth with holiday-like buying offsetting challenges it had stocking household staples......»»

Reuters/Shamil Zhumatov Oil prices fell for a second consecutive session on Tuesday on fears that global storage is running out. The price of West Texas Intermediate fell as much as 21%, to $10.07 per barrel. The losses followed a drop of as m.....»»

BP seeks to sharply reduce its spending and costs to be able to generate profit at oil prices below $35 a barrel by next year compared with $56 a barrel last year, CEO Bernard Looney said......»»

The Small Business Administration on Monday began to allow lenders to process $310 billion in funds for the second round of its program that aims to help small businesses, hurt by the novel coronavirus disruption, to cover their payroll costs......»»

The Small Business Administration (SBA) on Monday will release $310 billion in funds for the second round of its program that aims to help small businesses hurt by the novel coronavirus disruption to cover their payroll costs......»»

Netflix Netflix's market value surpassed oil-giant Exxon Mobil.....»»

Royal Dutch Shell PLC said Thursday that it aims to become a net-zero-emissions energy business by 2050 at the latest, joining BP and other oil giants who had made similar pledges in recent months......»»

Homeless shelters across the country are facing volunteer shortages and increased operation costs as they find ways to respond to the deadly coronavirus outbreak while continuing to take in residents......»»

WeWork is in discussions with its biggest landlords globally as the coworking giant aims to slash as much as 30% from its copious load of rent liabilities, according to people with knowledge of the... To view the full story, click the title link......»»

Aerospace giant is pushing to control costs as aviation industry struggles with pandemic.....»»

It’s the new normal at Lenovo, a global computer giant with a major operation in the Triangle......»»

Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn's demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades......»»

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices......»»

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices......»»