Exxon pipeline leak halts some production at Gulf of Mexico facility, Shell says

Royal Dutch Shell on Monday said a leak in Exxon Mobil’s HOOPS pipeline had forced it to temporarily shut in production at its Perdido Gulf of Mexico facility, which it owns jointly with BP and Chevron.

-More to come

Regina Exhibition Association faces tough financial times during COVID-19 pandemic

With the majority of its events postponed or cancelled, Regina Exhibition Association Ltd. (REAL) is facing tough times financially, as COVID-19 continues to prevent large public gatherings.

“We recognize that we lost about 85 per cent of our overall revenue,” REAL CEO Tim Reid said.

Dish Announces Layoffs As Economy Slows And Business Shifts

Dish, the satellite TV provider and parent of Sling TV, is laying off staff to realign its workforce, the latest company across media to downsize amidst fallout from the coronavirus pandemic.

“Due to the current economic climate, combined with changing needs of our customers and how we best serve them, Dish has made the difficult decision to reevaluate our organization. This includes a focused set of staffing reductions to align our workforce with the current and future needs of the business. It is not a step we took lightly. Our goal is to best serve our Dish and Sling customers, position the company to support our future wireless aspirations, and create long-term opportunity for our teams,” the company said in a statement.

Dish didn’t specify the number of cuts. It had 16,000 employees at the end of last year.

In an internal memo to employees cited by Reuters, CEO Erik Carslon said: “I want you to hear directly from me that we’ve made a series of difficult decisions to reevaluate parts of our business, particularly within In Home Services.”

Dish’s satellite business has been struggling to retain subscribers. The company is also in the process of vying for a share of the 5G market as it begins to grow a wireless business off the merger of T-Mobile and Sprint. Dish is acquiring wireless assets that had to be sold for that deal – which closed April 1 – to get regulatory approval.

Oil Settles Lower As Virus Fears Outweigh OPEC Output Cut Deal

Crude oil futures drifted lower on Monday, failing to hold early gains, as concerns about excess supply in the market overshadowed optimism over OPEC’s historic production cut agreement.

West Texas Intermediate Crude oil futures for May ended down $0.35, or about 1.5%, at $22.41 a barrel.

On Thursday, WTI Crude oil futures for May ended down 9.3% at $22.76 a barrel, well off the session’s high of $28.36.

The OPEC and a its allies, Russia and other producers, a group known as OPEC+, reached an agreement on Sunday to cut production by 9.7 million barrels per day.

The U.S., Brazil and Canada will contribute another 3.7 million barrels as their production declines, and other G20 states will reduce their output by an additional 1.3 million – largely because of a slump in demand triggered by the coronavirus pandemic.

Mexico will reduce output by only 100,000 barrels a day, after rejecting its 400,000 barrel-a-day share of the original deal.

Goldman Sachs Group called the agreement “historic yet insufficient”. The bank sees demand losses in April and May averaging 19 million barrels a day.

Meanwhile, U.S. President Donald Trump tweeted today that a historic weekend deal struck between OPEC and some of the biggest oil producers on the planet could be more substantial than what has been announced. His tweet says the global output cut by 9.7 million barrels a day struck by OPEC+, could be doubled.

Broadway Musicians Union Changes Tune: Disney Benefit Stream Can Go On (But Not Tonight)

The Disney on Broadway show will go on: The American Federation of Musicians has agreed to waive fees for a streaming of last November’s Celebrating 25 Magical Years of Disney On Broadway concert as a benefit Broadway Cares Equity Fights AIDS’ COVID-19 Emergency Relief Fund.

Ray Hair, International President of the AFM of the United States and Canada, has released a statement reversing his earlier decision to withhold union approval. Yesterday, Broadway musicians and the conductor who performed at the concert last November started a petition urging Hair to allow the show to proceed, as had other theatrical unions.

“We stand in solidarity with our fellow entertainment workers in Actors Equity and SAG-AFTRA,” said Hair in a statement. “We believe all musicians should be fairly compensated for their work all of the time, but we also believe that we must do everything possible to support entertainment workers hurt by the coronavirus pandemic. We fully support the union musicians who have graciously offered to forgo all required payments to allow this charity event to move forward.”

The stream had been set to kick off at 7 p.m. tonight, but a spokesman for the show said that won’t happen. Broadway Cares/Equity Fights AIDS is working to reschedule the stream.

Kennedy Matriarch Ethel Turns 92 as Son RFK Jr. Shares Throwback Photos with Birthday Tribute

“She has changed from the old days and become more open, mellow and friendly,” journalist Sally Quinn, a fixture of Washington, D.C., told PEOPLE in ’98. “She likes to tease and be teased — that’s a Kennedy trait.”

In an interview with PEOPLE in 2012, Ethel looked back at some of the key moments from her life: sunburst successes, like President John F. Kennedy‘s election, and black periods of grief.

“I was blessed with faith,” she said. “And it’s as real to me as that chair.”

Of her legacy, she said then: “I hope the children live full and happy lives and that they think about other people and
help those that are less fortunate.”

• With reporting by LINDA MARX and LIZ McNEIL