Bloomberg Occidental Petroleum Corp’s Algerian oil and gas assets are a core holding and will no longer be listed for sale, Chief Executive Officer Vicki Hollub said on a conference call with analysts. In May, Occidental’s proposed sale of its Algerian assets to Total SE was blocked by the North African country, putting further pressure on the shale driller as ...

Over the weekend, President Donald Trump issued several new executive orders aimed at extending the Covid-19 economic stimulus that has offered some financial relief to millions of Americans. But instead of bringing clarity, the orders have generated a raft of confusion. Are they even constitutional? Will they go into effect? For your convenience, here’s a simple rule of thumb for ...

Amazon.com Inc might soon be filling online orders from the kinds of shopping centers it has helped destroy. The e-commerce giant, according to the Wall Street Journal, is in talks with mall operator Simon Property Group Inc about setting up fulfillment centres in spaces currently or formerly occupied by JC Penney and Sears, two once-mighty department stores that have filed ...

Covid-19 may have left roads around the globe barren of cars, but it hasn’t stopped China from claiming leadership over the world of navigation and digital mapping. Watch out, GPS. Big plans are in the making. China has launched the final leg of its BeiDou Navigation Satellite system, or BDS, completing the build-out of a network that competes with America’s ...

Democrats in Congress have introduced legislation to extend the Federal Reserve’s mandate and require the central bank to address racial injustice. So long as Republicans have a Senate majority, the measure is unlikely to pass — but that arithmetic might change next year. Does it make sense to instruct the Fed to “exercise all duties and functions in a manner ...

Bloomberg India’s aviation regulator suspended two senior executives at the local affiliate of AirAsia Group Bhd after a pilot alleged there were safety lapses at the airline and subsequently was fired. AirAsia India’s head of operations, Manish Uppal, and head of safety, Mukesh Nema, were suspended for three months, Arun Kumar, chief of India’s Directorate General of Civil Aviation (DGCA), ...

Bloomberg IndiGo, India’s biggest airline, plans to raise as much as 40 billion rupees ($534 million) by selling new shares after the coronavirus pandemic halted air travel across the world, ravaging the cash flow of carriers. The board of the airline, operated by InterGlobe Aviation Ltd, approved raising cash by selling shares to institutional investors, it said in a statement ...

Bloomberg Kroger Co is setting up an e-commerce marketplace open to third-party vendors, part of the grocery-store operator’s bid to wrest web sales away from giants like Amazon.com Inc and Walmart Inc. The owner of the Fry’s and King Soopers chains is working with online commerce specialist Mirakl to offer tens of thousands of additional goods, including housewares and toys, ...

Bloomberg Foot Locker Inc soared after the athletic-apparel retailer said it expects to report a profit and rising revenue for the second quarter, defying Wall Street’s expectations amid a tumultuous time for the clothing industry. Same-store sales increased about 18% for the three months ended on August 1, the New York-based company said in a statement discussing preliminary results for ...

Bloomberg Sur La Table Inc, the bankrupt upscale cookware chain, sold for almost $90 million and a promise to keep at least 50 stores open, according to court papers. A joint venture between e-commerce investment firm CSC Generation and Marquee Brands topped an opening bid from affiliates of Fortress Investment Group at auction last week, according to court papers and ...