Schools and businesses shut across the Philippine capitalas a volcano belched clouds of ash across the city and seismologists warned an eruption could happen at any time, potentially triggering a tsunami. Thousands of people were forced to evacuate their homes around Taal, one of the world’s smallest active volcanoes, which spewed ash for a second day from its crater in the middle of a lake about 45 miles south of Manila.
Boeing's new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model’s worldwide grounding in March.
In just 12 days, Occidental Petroleum pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story.
In the months since office-sharing startup WeWork’s botched public debut, mid- and late-stage investors in big start-ups have been pushing for more safeguards in case their firms fail to go public or sell shares at a lower valuation than pre-IPO financing rounds.
