Chancellor George Osborne has abandoned his target to restore government finances to a surplus by 2020. In a speech he said, given the effects of the referendum vote, the government had to be "realistic about achieving a surplus by the end of the decade".
Shale drillers brought back the most oil rigs of any week this year as confidence in a stabilized market is prompting talk of expansion throughout 2016.
Murray Energy Corp., the largest privately held coal miner in the U.S., has warned it may soon undertake one of the biggest layoffs in the sector during this time of low prices.
Hyperloop One Inc. on Friday announced an executive shake-up, replacing one of the startup's founders with its senior vice president of engineering, just as it faces a critical juncture in bringing its high-speed transport technology to life.
The bad blood between Williams Cos. chief Alan Armstrong and directors who quit the company's board on Thursday runs deeper than a $33 billion merger with Energy Transfer Equity LP that fell apart this week.