May.08 -- Ann Hand, Super League Gaming chief executive officer, discusses her company's record-breaking month in April and the trends she sees in gaming amid the Covid-19 pandemic. She speaks with Bloomberg's Emily Chang....
Chief Executive Officer Sundar Pichai announced the move in a memo to employees on late Thursday, which was first reported by CNBC. Google said it would begin reopening more offices globally as early as June, but most Google employees would likely work from home until the end of this year. Facebook Inc also said on Friday it would allow workers who are able to work remotely to do so until the end of 2020....
(Bloomberg) -- Oil and natural gas exploration plunged to an all-time low as the economic and industrial dislocations from the Covid-19 pandemic snuffed out the remnants of the American shale boom.Drilling in U.S. oil and gas fields retreated by 34 rigs this week to 374, led by a precipitous drop in crude exploration that sank to levels not seen since before the shale-oil revolution kicked off at the beginning of the last decade.Energy companies are in a full-on retreat as the historic slump in crude markets prompts widespread job cuts, budget reductions, contract cancellations and well shut-ins. In the span of just eight weeks, 53% of active American oil and gas rigs have gone dark, according to data released by Baker Hughes Co. on Friday.“This is an unprecedented downturn,” EOG Resources Inc. Chief Executive Officer Bill Thomas said during a conference call with analysts. “U.S. oil production is in severe decline...
The loan, which will be provided by Industrial and Commercial Bank of China Limited, will be used only for expenditures related to production at the Shanghai plant, the filing said. The factory is Tesla's first car manufacturing site outside the United States and is the centerpiece of its ambitions to boost sales in the world's biggest auto market and to avoid higher import tariffs imposed on U.S.-made cars. Tesla had suspended production at its San Francisco Bay Area plant due to the broader impact of the coronavirus, and was told by the local county health department on Friday that it "must not reopen" as local lockdown measures remain in effect....
International Truck, Triumph Business Capital, and TriumphPay have joined forces to purchase and distribute more than $75,000 worth of personal protective equipment (PPE) to drivers in need. ...
