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Democrats urge U.S. to provide at least $5 billion in loans to bus industry
Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling over-the-road bus companies because of the coronavirus pandemic......»»
House passes $484 billion coronavirus stimulus for small businesses and hospitals, sends bill to Trump
The $484 billion measure offers funds for the Paycheck Protection Program and sends more money to hospitals struggling because of .....»»
U.S. Senate deal does not extend assistance to local news outlets
A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic......»»
Can JCPenney and Neiman Marcus outlast the coronavirus pandemic?
Retailers across the country have been struggling amid the COVID-19 pandemic. But for retailers already saddled with debt, it could mean bankruptcy. Recent reports have signaled that Neiman Marcus Group Inc. and J.C. Penney Co. Inc., two of Nor.....»»
A tale of two retailers: Can JCPenney and Neiman Marcus outlast the coronavirus pandemic?
Retailers across the country have been struggling amid the COVID-19 pandemic. But for retailers already saddled with debt, it could mean bankruptcy. Recent reports have signaled that Neiman Marcus Group Inc. and J.C. Penney Co. Inc., two of Nor.....»»
South Korea state banks to provide up to $1.4 billion liquidity to Asiana Airlines
South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggling with the impact of the coronavirus......»»
A catastrophic month for retailers, and now a race to survive
The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling to the nation’s small businesses. The Small Business Administration says that as of... To view the full story, click the title link......»»
Fight over commercial rent gets ugly with default wave looming
Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are... To view the full story, click the title link......»»
Trump announces $19B program to help agriculture sector
President Trump on Friday announced a $19 billion program to help the struggling agriculture sector and distribute food to families in need amid the economic toll of the coronavirus pandemic......»»
DHL struggles to cope as online parcel volumes surge
Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday......»»
Warren Buffett will "let everybody know" once he invests the bulk of Berkshire Hathaway"s $128 billion cash pile, Bill Ackman says
Mario Anzuoni/Reuters Warren Buffett stepped in to reassure investors and bail out struggling companies during the 2008 finan.....»»
Capitol Report: Lawmakers still negotiating over boosting aid program for small businesses, as money looks set to run out today
U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»
Capitol Report: Democrats, Republicans still negotiating over boosting coronavirus aid program for small businesses
U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»
U.S. awards airports $10 billion in grants amid travel falloff
The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the coronavirus pandemic......»»
Capitol Report: Democrats, Republicans still at impasse over boosting coronavirus aid program for small businesses
U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»
75% of the stores in NYC"s most expensive neighborhood — the $25 billion Hudson Yards — didn"t pay their April rent
Getty Images/Noam Galai 75% of the retailers in New York City's Hudson Yards did not pay their April rent because of the coronavirus crisis, The Financial Times reported. Hudson Yards is the city's most expensive neighborhood, with .....»»
Capitol Report: Democrats, Republicans at impasse over boosting coronavirus aid program for small businesses
U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses, leading analysts to predict that an extra $250 billion for a Paycheck Protection Program won’t get approved until next week......»»
Tesco defends dividend payout as warns coronavirus costs could top $1 billion
Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis......»»
Opinion: Financial well-being is part of overall personal health
As I write this, there are 7.8 billion of us on this planet who are collectively experiencing a surreal set of circumstances as we navigate the COVID-19 pandemic. Things are changing so rapidly and dramatically across the globe, I am struggling to .....»»
What"s in the U.S. small business rescue program?
Amid confusion over a $349 billion rescue program for small businesses struggling to survive the coronavirus pandemic, the U.S. Treasury released guidelines it hopes will pave the way to getting the spigots flowing on Friday, as promised......»»