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Capacity/Facilities
Credit Suisse, Johnson & Johnson, Micron Technology: Stocks That Defined the Week
Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …
Meatpacker JBS Removed At-Risk Workers from Beef Plant Amid Covid-19 Surge
Meatpacking company JBS USA Holdings Inc. said it has removed hundreds of at-risk workers from a Colorado beef plant in response to rising Covid-19 infections, as the U.S. meat industry seeks to defend itself against the pandemic’s current surge. JBS’s move comes as the largest U.S. beef processor faces a fresh Covid-19 outbreak in Greeley, …
Natural-Gas Drillers Outshine Oil Peers as Covid-19 Surges
A split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as renewed concerns about the coronavirus pandemic are weighing down crude prices. But gas-focused drillers are …
European stocks rise after worst drubbing in three months amid second COVID-19 wave concerns
People enjoy a drink outside a pub in Camden in central London on September 13, 2020. justin tallis/Agence France-Presse/Getty Images European stocks edged higher on Tuesday after their worst one-day performance in more than three months, as the Continent faces tighter economic restrictions due to rising cases of coronavirus. After a 3.2% nosedive on Monday, …
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