U.S. companies got emergency government loans despite having months of cash

Forty-one publicly traded companies that got the emergency aid already had enough to cover basic expenses for two months or more when they applied for .....»»

When American companies recently a.....»»

Forty-one publicly traded companies that got the emergency aid already had enough to cover basic expenses for two months or more when they applied for .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The Trump administration will audit small-business loans above $2 million, Treasury Secretary Steven Mnuchin said Tuesday, as he warned of criminal liability for companies who improperly got government cash......»»

Canadian oil and gas companies are urging Ottawa to free up credit and cash to help them survive the twin shocks of COVID-19 spread and a crude price war, pitching ideas ranging from tax deferrals to backstopping bank loans......»»

Airlines will run out of cash in three months unless they get emergency government help......»»

A surprising number of Americans can get $50 each month from the new $3.2 billion Emergency Broadband Benefit. That includes tens of millions who lost work during the pandemic......»»

At Fort Bragg, the largest US Army base by population, military buyers are at a disadvantage to civilians, one broker said. PeopleImages/Getty Images PeopleImages/Getty Images Military members and veterans hoping to buy a house with a VA loa.....»»

The loans came as Uber and gig economy companies added billions to their stock values after defeating an effort to make drivers employees......»»

Arizona companies got over $8.6 billion in PPP loans last year, but demand is still high for emergency relief......»»

Ma, who founded Alibaba and Ant Group, clashed with Chinese regulators after he criticized China's financial regulatory system. Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a s.....»»

The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 18 deadline. Here’s how the returns are going......»»

Republican members of a new watchdog panel on Wednesday push back against their Democratic colleagues’ demand that five public companies return emergency loans meant for small businesses hurt by the coronavirus crisis......»»

Updated guidance from the U.S. government suggests that about half of the PPP loans given to public companies don’t need to be returned......»»

In a wave of lawsuits, companies battered by covid-19 but excluded from aid seek small-business funds......»»

The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 14 deadline. Here’s how the returns are going......»»

At least 15 Massachusetts-based public companies have taken PPP loans, although a few have returned them or say they will soon to avoid future government scrutiny......»»

The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 7 deadline. Here’s how the returns are going......»»

Treasury Secretary Steve Mnuchin said all loans of more than $2 million in a government relief program for small businesses will be audited to ensure they were justified. Large public companies and... To view the full story, click the title link......»»