(Bloomberg) -- Spain reported 950 more deaths from the coronavirus, the most in a single day, taking total fatalities in the country to more than 10,000. China locked down a county again after a flare-up in cases and rejected U.S. claims that Beijing concealed infections.Presidential hopeful Joe Biden said he expects the Democratic convention to be delayed until August and Boeing offered buyouts to eligible employees. Filings for U.S. unemployment benefits are set to top 3 million again.Germany faces a deeper recession than during the financial crisis. In Britain, almost one million people have claimed welfare payments in the past two weeks and a financial regulator proposed freezing some credit card repayments, while Spanish jobless claims rose by a record.Key Developments:Global cases top 942,000; 47,500 dead: Johns HopkinsLA urges city to mask up; NY, NJ deaths double in three daysLocked up, beaten and shamed: virus laws lead to abusePalantir’s new ‘driving...
Are the Republicans risking of losing a sure thing 2020 election win? It is looking dicier now. as the administration fails to handle COVID-19 and its spread....
Stock futures were higher Thursday, recovering some losses ahead of the U.S. Labor Department’s report on weekly unemployment insurance, which is expected to reflect a fresh record high in jobless claims....
(Bloomberg) -- Spain reported 950 more deaths from the coronavirus, the most in a single day, taking total fatalities in the country to more than 10,000. There are signs that the worst may soon be over in Italy as growth in new cases there moderates.Earlier, China said the U.S. was trying to shift the blame for its own outbreak after American intelligence officials concluded Beijing concealed infections. A county in central China was locked down again after a flare-up in cases. Democratic Presidential hopeful Joe Biden said he expected the Democratic convention to be delayed until August.In Britain, almost one million people have claimed welfare payments in the past two weeks and a financial regulator proposed freezing some credit card repayments. Spanish jobless claims rose by a record, and filings for U.S. unemployment benefits are set to top 3 million again.Key Developments:Global cases top 942,000; 47,500 dead: Johns HopkinsLA urges city...
(Bloomberg Opinion) -- There are a couple of ways of summarizing what’s happened with Occidental Petroleum Corp. since CEO Vicki Hollub went all-in on buying Anadarko Petroleum Corp. last year. One would be that the deal trashed Oxy’s relationship with shareholders and saddled it with too much debt, leading to chronic underperformance and, when disaster struck, a massive dividend cut. An alternative take might be:Ms. Hollub enhanced the value of Occidental’s portfolio of assets through the Anadarko acquisition, which strengthened Occidental’s long-term value proposition.That second one comes from Oxy’s preliminary proxy statement, filed this week.Here’s a quick sanity check by way of a chart. See which of the two assessments most closely aligns with this set of squiggles:One detects some uneasiness on Oxy’s part. It took the trouble to lay out “realizable” pay for executives in its proxy; the idea being that the actual value of stock-based awards plummeted with Oxy’s price. Hence, while Hollub’s headline total compensation for...
