Bloomberg Marathon Petroleum Corp, the largest US independent oil refiner, said it won’t restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year. Marathon said in a statement it will convert its 166,000 barrel-a-day Martinez, California, refinery near San Francisco into a terminal facility and may add ...

Bloomberg Air Canada escalated a fight with the government of Prime Minister Justin Trudeau over the country’s stringent travel rules, threatening to suspend more routes and cancel orders of locally made planes. Chief Executive Officer Calin Rovinescu lambasted the government during the airline’s second-quarter earnings call, saying that current restrictions — especially a mandatory 14-day quarantine for all travellers coming ...

Bloomberg United Airlines Holdings Inc will boost flights modestly in September as it resumes service on more than 25 international routes and begins skewing its network towards leisure traffic. The September schedule will amount to 37% of last year’s level, a slightly higher portion than the plan for August, United said in a statement. Destinations in Mexico and the Caribbean ...

Bloomberg British Airways pilots accepted a pay cut of 20% in a deal to limit job losses, resolving a bitter dispute at the IAG SA unit as carriers seek to weather the global slump in air travel caused by the coronavirus. Just over one-fifth of the 1,255 redundancies initially planned will now go ahead, and some of those may also ...

Bloomberg Kenya Airways Plc will resume flights to Tanzania after talks by the two nations’ transport ministers, rescinding a decision by the country’s Civil Aviation Authority. The Tanzanian regulator had cancelled plans to allow the airline to resume flights because it said Kenya excluded Tanzanians from the list of nationals allowed into its territory under revised coronavirus restrictions. “We managed ...

Bloomberg Walmart Inc might be one of the few big winners in the pandemic, having posted surging sales month after month, but that isn’t stopping the company from tightening its belt. The world’s biggest retailer has laid off hundreds of workers in units including store planning, logistics, merchandising and real estate, according to people familiar with the matter. It is ...

Bloomberg General Electric (GE) Co predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter. The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in industrial ...

Bloomberg Microsoft Corp. is exploring an acquisition of TikTok’s operations in the US, according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve US government pressure on the Chinese owner of the video-sharing app. The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its ...

Bloomberg Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014. ...

Bloomberg Tesla Inc. could be on track to complete its new plant near Berlin more quickly than its Shanghai facility, according to a local government minister. The US carmaker has said it wants to finish the factory in Gruenheide by the middle of 2021, and faster than the Chinese operation, which went up in less than a year. The German ...