Bloomberg Whiting Petroleum’s Chief Executive Officer Brad Holly will leave the company just five months after receiving a $6.4 million payout to see the company through bankruptcy proceedings. The Bakken oil producer expects to emerge from bankruptcy protection on September 1, when Holly will resign and be replaced by Lynn Peterson, who previously led SRC Energy. Holly and fellow executives ...

Last week’s US retail sales numbers provided comfort for both the V and the square-root economic recovery camps. But rather than mark the beginning of a consensus on what lies ahead, they highlight a durable debate raging not just on Wall Street, but also on Capitol Hill. By adding 1.2% growth after the 8.4% rebound of the previous month, the ...

TUI AG, the world’s biggest package-holiday company, has just secured enough government funding to see it through the lean Covid-affected winter season. A glance at its latest quarterly earnings shows this is probably just as well. The German company reported a 1.1 billion-euro ($1.3 billion) operating loss in the quarter ending on June 30, after revenue slumped 98%. It said ...