BP cuts over 5% of workforce to reduce costs
By Ron Bousso LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence in the energy giant. Around 4,700 employees and 3,000 contractor
Colonial Pipeline expects Line 1 to restart earlier-than-expected on Friday
(Reuters) – Colonial Pipeline has made progress in identifying the source of a leak on its main gasoline artery and estimates Line 1 will restart earlier-than-expected on Friday, the company said on Thursday. This post appeared first on investing.com
FBI warns agents of call log thefts by hackers, Bloomberg News reports
(Reuters) – FBI leaders have warned that hackers who breached AT&T (NYSE:T)’s system last year likely stole months of agents’ call and text logs, prompting an urgent effort to safeguard confidential informants’ identities, Bloomberg News reported on Thursday. The breach, believed
Lyft wins dismissal of shareholder lawsuit over earnings report error
(Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Lyft (NASDAQ:LYFT) of defrauding shareholders by waiting too long to correct a mistake in an earnings release about a key profit metric, an error that caused the
US appeals court lifts pause on generic version of Novartis’ Entresto
By Blake Brittain WASHINGTON – Drugmaker MSN Pharmaceuticals cleared another hurdle on Thursday toward launching its generic version of Novartis (SIX:NOVN)’ blockbuster heart-failure drug Entresto after a U.S. appeals court ended a temporary pause on MSN’s launch. The U.S. Court