American Airlines Group Inc (NASDAQ:AAL) reported a $2.1 billion loss in Q2 2020 compared to $662 million profit in Q2 2019. Without considering the aid provided by the government, its losses in the quarter are $3.4 billion. Cancellation at 80% The rising cases of coronavirus are forcing passengers to cancel their...
Kinder Morgan Inc (NYSE:KMI) reported a drop of 13.7% to $1.568 billion in revenues in Q2 2020 because of a slump in demand for energy. It has seen a dip in revenues across its business segments like natural gas pipelines (down by 5.13% to $1.016 billion), carbon dioxide (declined...
Tesla Inc (NASDAQ:TSLA) filed a lawsuit against its potential rival Rivian, accusing later of poaching employees and later using some of them to steal trade secrets. According to the lawsuit, Rivians hired dozens of former employees of Tesla, some of whom went confidential organizational, manufacturing, and recruiting information. These...
DraftKings (NASDAQ:DKNG) has partnered with the Premier Lacrosse League after launching its Casino product collection in collaboration with Hollywood Casino in Virginia. Draftkings Partners with PLL on 2020 Summer Tournament As part of the partnership with Premier Lacrosse League, DraftKings is now the designated Official Sports Betting Partner of the PLL...
Macy’s Inc. (NYSE:M) gave out around $9 million in restricted stock to its top executives just days after the company laid off almost 25% of its corporate employees. Macy's executives awarded restricted stock According to SEC filings, the CEO of the struggling departmental store chain, Jeff Gennette, was given restricted...
The California Department of Forest and Fire Protection clarified that Pacific Gas & Electric Corp’s (NYSE:PCG) power transmission lines were responsible for sparking a wildfire in Sonoma County wine country in 2019. The fire destroyed several homes and property, leading to over 100,000 people to flee. PG&E lines caused Sanoma...
Energy Transfer (NYSE:ET) will continue scheduled shipments on the controversial Dakota Access pipeline even after a Judge ordered its closure by August. The company has no plans to take the pipeline offline and has indicated that it will accept new shipment requests for next month. The District of Columbia's District...
Boeing Co (NYSE:BA) is about to receive approval to commence flying the 737 Max again after nearly 15 months since the plane was grounded. However, it will be until late this year before the Max 737 resumes flight following two crashes last year that claimed 346 lives. Boeing Max 737...
Virgin Galactic Holdings Inc. (NYSE:SPCE) is close to its first space tourism flight as it expects to finalize the remaining Federal Aviation Administration (FAA) milestones necessary for approval of spaceflights after finalizing one or two test flights. Virgin Galactic has met 24 out 29 FAA milestones As of May 2020,...
United Airlines Holdings Inc. (NASDAQ:UAL) is considering furloughing 50% of its US workforce as the industry continues to feel the effects of the COVID-19 pandemic. The carrier has warned that travel demand will be curtailed by the resurgence of COVID-19 cases and the new restrictions that some states have...