Text size Scott Olson / Getty Images Exxon Mobil provided an update on its second-quarter outlook on Thursday, and could mean a second-quarter earnings release for the oil giant, according to Cowen & Company. In its latest 8K presentation, Exxon (ticker: XOM) detailed the continuing headwinds against the Covid-19 pandemic …
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Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
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SAN FRANCISCO – Pacific Gas & Electric grew out of a controversial bankruptcy saga that began after its long-neglected power grid ignited wildfires in California that killed more than 100 people. The nation’s largest utility company announced Wednesday that it emerged from Chapter 11 bankruptcy and paid $ 5.4 billion …
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Text size Elon Musk, CEO of Tesla and SpaceX, poses on the red carpet when he arrives at the 43rd “Goldenes Lenkrad” (golden flyer) on November 12, 2019 in Berlin. Photo by Tobias SCHWARZ / AFP AFP via Getty Images Tesla CEO Elon Musk is, frankly, a huge follower of …
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Text size Justin Sullivan / Getty Images Pacific Gas and Electric shares opened higher on the first day of trading for the California utility company after emerging from bankruptcy. PG&E (ticker: PCG) requested the Chapter 11 reorganization in January 2019 after it was discovered that their team caused some of …
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