General Electric Co. reported a quarterly loss of approximately $ 2 billion, as revenue fell 24%, hurt by a sharp decline in a jet engine business that has been hampered by the coronavirus pandemic. The aviation business, which was once a profit engine for GE, lost in the June quarter …
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Shares were moderately higher on Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting, watched conversations about a coronavirus aid package in Congress, and continued to advance through an avalanche of corporate earnings reports first order. Market participants also braced themselves for possible fireworks on Capitol Hill, …
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Denbury Resources Inc. DNR, + 4.78% He said Wednesday that he filed for Chapter 11 bankruptcy protection under a prepackaged plan with his creditors that will allow him to eliminate $ 2.1 billion of bond debt. The Plano, Texas-based oil and natural gas company said it has an agreement with …
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The CEOs of four of the world’s largest and most influential tech companies are set to testify Wednesday before a House of Representatives antitrust panel, and plan to emphasize how their products improve the lives and jobs of Americans. Jeff Bezos of Amazon.com Inc. AMZN, + 0.95% , Tim Cook …
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General Electric Co. GE, + 2.68% said Wednesday, reporting the second quarter results, that it is launching a program to fully monetize its ownership position in oil services company Baker Hughes Co. BKR, -2.81% for about three years. GE revealed Wednesday that it owned 377.4 million Baker Hughes shares, which …
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