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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......»»
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 .....»»
Retail rent negotiations get messy with $20Â 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......»»
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......»»
"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.....»»
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......»»
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......»»
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......»»
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.....»»
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......»»
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......»»
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......»»
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. .....»»
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......»»
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......»»
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......»»
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.....»»
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.....»»
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.....»»
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.....»»