Marathon Petroleum warns of loss, up to $7.8 billion hit on oil rout
Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall in fuel...
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U.S. firms may face probes over payroll loans, Treasury, DOJ officials warn
Posted by Reuters | Apr 22, 2020 | World News |
U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that companies that received coronavirus rescue money intended for small businesses could be investigated if it appears they did not really need the...
Read More‘Something’s going wrong’ – UK virus response under fire
Posted by Reuters | Apr 22, 2020 | domesticNews, Reuters: UK |
The British government came under sustained pressure over its coronavirus response on Wednesday when members of parliament got their first major opportunity in a month to hold it to...
Read MoreZoom parliament makes an almost glitch-free debut
Posted by Reuters | Apr 22, 2020 | domesticNews, Reuters: UK |
British lawmakers upended 700 years of history on Wednesday, grilling stand-in leader Dominic Raab by video link in an unprecedented but largely successful “hybrid parliament” session forced by the coronavirus...
Read MoreSycamore Partners backs out of coronavirus-stricken deal for Victoria’s Secret
Posted by Reuters | Apr 22, 2020 | World News |
Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria’s Secret, after the lingerie brand shut down stores and furloughed staff in response...
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