Whiting Petroleum Corp, an American drilling company, said on Wednesday that it intends to file for bankruptcy protection under the bankruptcy law, writes Dow Jones. Whiting Petroleum is one of the largest companies that do hydraulic fracturing needed in shale oil production in the Bakken province. The company is the first victim of the oil crisis. Under article 11 (bankruptcy law), the company...

Pemex, a Mexican oil corporation, announced continuation of an uninterrupted cycle of work and oil supplies, despite strict quarantine measures in the country in connection with the spread of coronavirus. "The company continues to fulfill its basic functions, following the plan for ensuring continuous operations in order to ensure fuel supplies and not harm the country's development and economy,"...

Swedish IKEA started producing masks and aprons needed by hospitals in the context of the coronavirus pandemic. Demand for the company's office furniture remains stable thanks to customers forced to switch to work from home. The Swedish company IKEA, in the context of the coronavirus pandemic, began to produce the necessary protective equipment for hospitals, such masks and aprons, according to...

The online reservation service Airbnb plans to allocate $ 250 million for payments to those homeowners who have lost their reservation due to the coronavirus pandemic, follows from a letter of the company’s head Brian Chesky. Earlier this month, the company said that hosts receiving guests from regions affected by the virus, guests traveling to or from seriously affected regions, as well as any...

The resumption of production and the return of people to work in China in recent weeks has been quite active amid successes in combating the coronavirus epidemic. Business entities in China have resumed work by 97.6%, said Wang Bin of the Ministry of Commerce of the PRC on Saturday. "As of March 27, wholesale agricultural markets resumed operations by 99.4%, business entities resumed operations...

Japanese electronics company Sony, due to the spread of a new type of coronavirus, is transferring 20,000 employees to remote jobs, Kyodo said. The regime will be valid until the end of April. It extends to 20 thousand employees across the country engaged in the production of television sets and semiconductors. New employees of the company, who were supposed to start work in the beginning of the...

S&P Global Ratings (S&P) international rating agency has lowered forecasts for the ratings of Equinor, Total, Eni and BP due to the situation in the energy industry and amid the coronavirus outbreak, the agency announced in its release. The outlook on the long-term Equinor rating at “AA-” was downgraded to negative from stable, Total’s “A +” was revised down to negative from positive. For the...

Results of the first three quarters of the 2019-2020 financial year ending February 29 showed that the American manufacturer of sportswear Nike increased its net profit by 10% in annual terms to $ 3.33 billion, the company said in its financial statements. Diluted earnings per share in the reporting period rose to $ 2.09 from $ 1.87 a year earlier. The company's revenue for these nine months...

The French pharmaceutical developer AB Science recently published results of a phase 3 study for the novel drug masitinib in the treatment of progressive forms of multiple sclerosis (MS). A web conference dedicated to medical professionals and the media was held on the 6th of March. The panel of MS specialists outlined the findings and highlighted aspects of the research through expert...