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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......»»

Category: topSource: reutersApr 2nd, 2020

New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus

Tayfun Coskun/Anadolu Agency/Getty Images Mayor Bill De Blasio has endorsed a rental relief plan that would provide immediate aid to those struggling to pay their April rent. The plan, which still needs to be approved by .....»»

Category: topSource: businessinsiderApr 2nd, 2020

Retail rent negotiations get messy with $20 billion due

Retailers and landlords are locked in an awkward dance as April rent comes due. Major chains including Mattress Firm and Subway have told landlords they will postpone or slash payments in the coming... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

How the New Paycheck Protection Loans Are Different Than Traditional 7(a) SBA Loans

The $350 billion lending program authorized by the latest stimulus package aims to expand the access and availability of loans to struggling small businesses. And the terms are now very different......»»

Category: topSource: moneycentralMar 30th, 2020

"Blindsided" with no backup plan and rents closing in: Laid-off NYC restaurant workers describe how their lives have changed as their industry collapses around them

Jeenah Moon/Getty Images New York City's restaurant industry makes about $50 billion in sales each year and employs 167,000 p.....»»

Category: topSource: businessinsiderMar 29th, 2020

Thyssenkrupp to cut 3,000 jobs at struggling steel unit

German conglomerate Thyssenkrupp will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) at its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG Metall, it said on Wednesday......»»

Category: topSource: reutersMar 25th, 2020

House Democrats would give airlines, contractors $40 billion bailout

Democratic U.S. lawmakers on Monday proposed giving struggling U.S. airlines and contractors $40 billion in cash grants that would not have to be paid back but require significant new environmental, labor and other conditions......»»

Category: topSource: reutersMar 23rd, 2020

Senate GOP virus bill aids U.S. transport sector; offers airlines loans, not cash

A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan, not a cash payout, the proposal showed......»»

Category: topSource: reutersMar 23rd, 2020

Nikki Haley Resigns From Boeing Board Over Opposition to Proposed $60 Billion Bailout

The airline manufacturer is struggling in the midst of the coronavirus crisis (COLUMBIA, S.C.) — Former U.N. ambassador Nikki Haley has resigned from the board of Boeing Co., cutting ties with a co.....»»

Category: topSource: timeMar 19th, 2020

German retailers plead for state aid as stores close

Germany's HDE retail association called on Wednesday for the government to give immediate state aid and tax relief to stop businesses going bust as stores closed to stem the spread of the coronavirus, losing 7 billion euros ($7.70 billion) per week......»»

Category: topSource: reutersMar 18th, 2020

Boeing calls for $60 billion lifeline for U.S. aerospace industry

Boeing Co on Tuesday called for a $60 billion lifeline for the struggling U.S. aerospace manufacturing industry, which faces huge losses from the coronavirus pandemic......»»

Category: topSource: reutersMar 17th, 2020

Nestle mandates JPMorgan to handle Yinlu sale: Bloomberg

Food giant Nestle has mandated JPMorgan Chase & Co. to handle the sale of its struggling Chinese peanut milk business Yinlu that could be valued at about $1 billion, Bloomberg reported on Tuesday, citing sources familiar with the matter......»»

Category: topSource: reutersMar 12th, 2020

The Market Rout Is About More Than Coronavirus

Many big European companies are struggling already, as Thursday’s results showed. The virus may have forced a selloff that was overdue anyway. .....»»

Category: topSource: washpostFeb 27th, 2020

Pier 1 files for bankruptcy protection

The once-trendy supplier of home goods like papasan chairs and throw pillows has been struggling with increased competition from budget-friendly online retailers like Wayfair and Amazon......»»

Category: topSource: washpostFeb 18th, 2020

10 affordable housing projects in Austin win key city endorsement

These coveted tax credits can go a long way toward building more affordable housing in a city struggling with rising rents. Projects all around Austin just received a key city endorsement for the credits......»»

Category: topSource: bizjournalsFeb 6th, 2020

S.Africa"s struggling carrier SAA to cut flights to ease cash flow

Cash-strapped state carrier South African Airways (SAA) said on Thursday it would "cancel and consolidate selected flights" to lower costs, days after it received a 3.5 billion rand ($244 million) government bailout to ease a mounting cash-flow crunch......»»

Category: topSource: reutersJan 30th, 2020

Gen Zers have a spending power of over $140 billion, and it"s driving the frenzy of retailers and brands trying to win their dollars

Epics / Contributor / Getty Images Retailers and brands are still trying to figure out how to appeal to Gen Z, the generation that currently spans the ages of 7 to 22 and has a spending power of $143 billion.  Business Insider spoke t.....»»

Category: topSource: businessinsiderJan 28th, 2020

How Muddy Waters Is Hammering Indian Billionaire’s NMC Health

After seeing its market value soar to more than $10 billion less than two years ago, NMC Health Plc is now struggling to cling on to investors. The Middle East.....»»

Category: topSource: washpostJan 27th, 2020

Muddy Waters Report Hammers Billionaire’s Health Firm: QuickTake

After seeing its market value soar to more than $10 billion less than two years ago, NMC Health Plc is now struggling to cling on to investors. The Middle East.....»»

Category: topSource: washpostJan 27th, 2020

Why Sickly NMC Can’t Shake Off Muddy Waters Report: QuickTake

After seeing its market value soar to more than $10 billion less than two years ago, NMC Health Plc is now struggling to cling on to investors. The Middle East.....»»

Category: topSource: washpostJan 26th, 2020