Shell takes $22 billion hit on lower oil, gas prices
LONDON — Energy producer Royal Dutch Shell warned today it will slash the value of its assets by $22 billion to account for lower oil…
Articles by biztimes
Fed’s program for loaning to Main Street off to slow start
WASHINGTON — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He’s…
Pandemic delays Yahoo Japan, Line merger past October
TOKYO — Online services Yahoo Japan and Line Corp. said today the fallout from the coronavirus pandemic is causing delays that will push back their…
Scandinavian Airlines gets $1.5 billion to survive crisis
STOCKHOLM — Scandinavian Airlines said today it is getting an aid package worth $1.5 billion after an agreement with its main shareholders, securing the carrier’s…
China factory activity improves in June but exports weak
BEIJING — China’s manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released…
US pending home sales bounce back huge in May
SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous…
Gilead prices coronavirus drug at $2,340 for rich countries
The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course…
BP sells petrochemicals arm to Ineos for $5 billion
LONDON — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities…
CORRECTED: Biz Buzz: Longtime jewelry store closing; sandwich chain eyes Dubuque; software company makes acquisition
CORRECTION: An earlier version of this story incorrectly laid out the ownership of The Jewelry Box. Biz Buzz shares business tidbits from around the tri-states…
Your money: Here are things to consider if your company is cutting your 401(k) match
The economic upheaval witnessed in 2020 could shake up things even more when it comes to 401(k) plans. A small group of employers, including many…