 | | | | Apple Inc's surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world's most valuable publicly listed company. | | | | | | Facebook Inc raised its settlement offer by $100 million to $650 million related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent, the company said on Friday. | | | | | | Mexican airline Aeromexico said Friday that a proposal for restructuring stock certificates was approved in general terms under conditions it put forward at meeting of holders. | | | | | | The U.S. Justice Department has closed its antitrust investigation into the London Stock Exchange Group's acquisition of financial markets data firm Refinitiv, saying it would not harm competition or American consumers, the bureau said in a statement on Friday. | | | | | | Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets due to plunging demand for fuel. | | | | | | British Airways owner IAG plans to raise 2.75 billion euros ($3.27 billion) from shareholders to repair the coronavirus-sized hole in its finances and brace for a more chaotic future. | | | | | | Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts. | | | | | | The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. | | | | | | Global stock markets fell on Friday as doubts about the economic recovery from the coronavirus pandemic overshadowed strong earnings from U.S. technology firms, while the dollar rose but was still set for its worst month in a decade. | | | | | | Major U.S. airlines are pressing U.S. lawmakers for a six-month extension of the $32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, warning that some flights may disappear otherwise and more jobs are at risk. | | | | | | Air Canada said on Friday it would weigh possible cancellations of aircraft orders from Boeing and Airbus after COVID-19 crippled air travel and pushed the carrier into a second-quarter loss. | | | | | |
