Exclusive: Zoom plans to roll out strong encryption for paying customers

Exclusive: Zoom plans to roll out strong encryption for paying customers
SAN FRANCISCO (Reuters) – Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. FILE PHOTO: Small toy figures are seen in front of diplayed Zoom logo in this illustration taken March 19, 2020.... Read More

U.S. pipeline operator Energy Transfer warns of coming job cuts

U.S. pipeline operator Energy Transfer warns of coming job cuts
FILE PHOTO: Construction work continues on Sunoco’s Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo (Reuters) – U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business. Marshall McCrea,... Read More

Exclusive: Zoom plans to roll out strong encryption for paying customers only

Exclusive: Zoom plans to roll out strong encryption for paying customers only
SAN FRANCISCO (Reuters) – Zoom (ZM.O), the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday. FILE PHOTO: Small toy figures are seen in front of diplayed Zoom logo... Read More

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels
BERLIN/FRANKFURT (Reuters) – Lufthansa’s (LHAG.DE) management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport, amid the spread... Read More

Wall Street ends mostly higher as U.S.-China spat simmers

Wall Street ends mostly higher as U.S.-China spat simmers
(Reuters) – U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of gains. The S&P... Read More

Southwest Airlines CEO sees low-fare environment when traffic returns

Southwest Airlines CEO sees low-fare environment when traffic returns
FILE PHOTO: Southwest Airlines jets are parked on the tarmac during the coronavirus disease (COVID-19) outbreak at Baltimore Washington International Airport in Baltimore, Maryland, U.S., May 25, 2020. REUTERS/Joshua Roberts (Reuters) – Southwest Airlines Co (LUV.N) Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease. “There are far... Read More

Sale of shut Philly refinery to real estate developer delayed

Sale of shut Philly refinery to real estate developer delayed
NEW YORK (Reuters) – The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday. FILE PHOTO: Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. REUTERS/Mark... Read More

Preliminary agreement reached in Lufthansa bailout row: sources

Preliminary agreement reached in Lufthansa bailout row: sources
FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport, amid the spread of the coronavirus disease (COVID-19) in Schoenefeld, Germany, May 26, 2020. REUTERS/Fabrizio Bensch/File Photo BERLIN/FRANKFURT (Reuters) – Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa (LHAG.DE), two people... Read More

Preliminary agreement reached in Lufthansa bailout row: source

Preliminary agreement reached in Lufthansa bailout row: source
FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport, amid the spread of the coronavirus disease (COVID-19) in Schoenefeld, Germany, May 26, 2020. REUTERS/Fabrizio Bensch/File Photo BERLIN/FRANKFURT (Reuters) – Germany and Brussels have reached a preliminary agreement in the ongoing row over the 9 billion euro ($10 billion) bailout of carrier Lufthansa (LHAG.DE), two people... Read More