Government, Business, Safety, Fuel, Logistics

Hurricane Laura Set to Slam US Energy Coast

Workers board up windows in New Orleans' French Quarter in anticipation of Marco and Laura. Workers board up windows in New Orleans' French Quarter on Aug. 23 in anticipation of hurricanes Marco and Laura.

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.

Brian K. Sullivan | Bloomberg News
August 25, 2020
Government, Business, Safety

Seven-Day Virus Disinfectant Cleared for American Air Jets

The Trump administration gave American Airlines emergency approval to deploy a new disinfectant. An American Airlines plane departs Reagan National Airport in Virginia on April 6. The company was granted emergency approval to begin deploying a new disinfectant to kill the coronavirus. (Andrew Harrer/Bloomberg New)

The Trump administration on Aug. 24 gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.

August 24, 2020
Government, Business, Fuel

Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Oil pumping jacks operate in a Russian oilfield on Aug. 16. Oil pumping jacks operate in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

Andres Guerra Luz | Bloomberg News
August 21, 2020
Business, Equipment

Deere Raises Outlook With Farm Demand Cushioning Downturn

Deere & Co. has increased its sales outlook for the year. A Deere & Co. combine harvester is used to harvest wheat in Kirkland, Ill., on July 17. (Daniel Acker/Bloomberg News)

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.

Joe Deaux | Bloomberg News
August 21, 2020
Government, Business, Logistics

American Airlines to Drop Flights to 15 Cities in October

Passengers wait at American Airlines ticket counter Travelers wear masks as they wait at the American Airlines ticket counter in Terminal 3 at O'Hare International Airport in Chicago, on June 16, 2020. (Nam Y. Huh/Associated Press)

American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.

David Koenig | Associated Press
August 20, 2020
Government, Business, Safety

Jobless Claims Unexpectedly Increase to More Than 1 Million

A customer wears a mask inside a boardwalk shop in Ocean City, N.J. A customer wears a mask inside a boardwalk shop in Ocean City, N.J. on Aug. 1. (Gabby Jones/Bloomberg News)

Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery.

Reade Pickert | Bloomberg News
August 20, 2020
Government, Business, Safety

Fed Minutes Note Consumer Spending Rebound, Uncertainty

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. (Andrew Harrer/Bloomberg News)

U.S. central bankers noted the rebound in consumer spending at their last meeting but repeated their view that the path of the recovery would depend on containment of the virus.

August 19, 2020
Business, Fuel, Logistics

World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

An offshore drilling unit stands outside Cromarty, U.K. (Jason Alden/Bloomberg News)

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.

August 19, 2020
Government, Business

The Coronavirus Crisis

Business, Logistics

Maersk Lifts Profit Outlook in Sign of Pandemic Resilience

Shipping containers sit stacked on the Maersk Gairloch container ship. Shipping containers sit stacked on the Maersk Gairloch container ship.(Chris Ratcliffe/Bloomberg News)

The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the COVID-19 crisis.

Christian Wienberg | Bloomberg News
August 19, 2020

Pages