Ford Motor (NYSE:F) wants to be the company for customers to run to whenever they need the best products! It works to appeal them in many ways. This time around, it creates a leeway that will make it possible for people who lose their jobs to return the vehicles....
Alibaba Group Holding Ltd’s (NYSE:BABA) Freshippo stores will start selling Beyond Meat (NYSE:BYND) plant-based burger patties in mainland China. Alibaba to bring Beyond Meat’s meatless patties to supermarkets in China The e-commerce giant has rolled out the meatless alternatives in 50 Freshippo stores in Shanghai; its futuristic supermarkets require customers order...
Freeport-McMoRan Inc (NYSE:FCX) is considering a new way of running its operations. According to the chief executive of PT Freeport Indonesia, one of its subsidiaries, Tony Wenas, the company is likely to take on all-underground mining by 2022. The shift will first cover about 75% of the company’s operations...
Fuel theft from pipelines is one of the major challenges Petroleo Brasil (NYSE:PBR) has had to deal with since the beginning of the year. Over the years, the situation has been so bad that the company resulted in setting up an internal unit of about 50 employees to study...
Ally Financial Inc. (NYSE:ALLY) has reached a mutual agreement with Cardholder Management Services (CardWorks) to terminate their proposed $2.65 billion merger deal that was announced on February 18, 2020. Ally and CardWorks reach an agreement to call off merger deal The companies’ board of directors reached a verdict calling for...
Royal Caribbean Cruises Ltd (NYS:RCL) and Cruises Investment Holdings have announced plans to restructure their joint venture, Pullmantur Cruceros, as per the Spanish laws of insolvency considering it cancels sailings from November 15 because of COVID-19. COVID-19 pandemic affected Pallmantur operations Cruises Investment Holdings holds 51% interest in the joint...
Occidental Petroleum Corp (NYSE:OXY) has indicated that it will incur a $9 billion impairment in its gas and oil properties this quarter and restructure some of its debts to avoid a potential default. Anadarko acquisition impacted prospects of Occidental The oil company is seeking to shed almost $40 billion in...
Pacific Gas and Electricity Company (NYSE:PCG), South California Gas Co, and Opus 12 have announced that they have shown a new electrochemical technology advancement that can convert raw biogas CO2 content into renewable natural gas. New advancement can convert CO2 into renewable fuel The new single-step advancement has been designed...
Ford Motor Company (NYSE:F) has unveiled its all-new F-150 pickup truck, which is laced with net technology features. The new F-150 truck has massive towing and hauling power, with luxury options like reclinable seats and ultramodern tech features. New hybrid F-150 truck can go 700 miles on a full tank Interestingly,...
American Airlines Group Inc. (NASDAQ:AAL) is seeking to raise around $2 billion from the sales of shares and convertible bonds following an increase in the size of the offerings, according to sources familiar with the matter. American Airlines announces equity and convertible bond offering The carrier has alerted investors for a...