Business

TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project's presidential permit, the company said in an email to employees.

Intel Corp on Thursday forecast first-quarter revenue and profit above Wall Street expectations, continuing to benefit from high demand for laptops, PCs and servers that have powered the shift to working and playing from home.

Some of former President Donald Trump's most high profile hospitality assets took a revenue hit last year as COVID lockdowns hurt business, according to a financial disclosure filed on Wednesday, his final day in office.

International Business Machines Corp beat Wall Street estimates for quarterly profit on Thursday, and said it is confident about returning to sales growth in 2021 on the back of strong demand for its cloud business.

The U.S. Environmental Protection Agency awarded Sinclair Oil Corporation waivers that exempt both its refineries in Wyoming from biofuel blending requirements for the 2019 compliance year, two sources familiar with the matter said, making it the only company to have received exemptions for that year so far.

At U.S. Treasury Secretary-designate Janet Yellen's confirmation hearing Tuesday she nodded to the need for the federal debt to be put on a "sustainable" path, at least eventually.