More U.S. companies return payroll loans after new Treasury guidance
U.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would have a hard...
Brokerages tell clients – no buying oil for two months
Several brokerages, including discount giant TD Ameritrade Corp are restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that...
Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say
Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for...
United mandates masks for flight attendants, unions want passengers included
All United Airlines flight attendants must wear a face covering or mask while on duty starting April 24, it said on Thursday, in the first...
Ruth’s Chris owner to speed repayment of $20 million federal rescue loan
Ruth’s Hospitality Group Inc, owner of the Ruth’s Chris Steak House chain of restaurants, on Thursday said it would quickly repay $20 million of federal...
U.S. House passes $500 billion coronavirus bill and oversight panel
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending...
Congress approves $484 billion coronavirus-relief bill
The U.S. House of Representatives on Thursday passed a $484 billion bill to expand federal loans to small businesses impacted by the coronavirus outbreak and...
Intel not updating full-year outlook due to ‘economic uncertainty’
Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it...
UAW says virus makes early May restart of U.S. auto plants ‘too risky’
The head of the United Auto Workers union on Thursday said it was “too soon and too risky” to reopen auto plants and Michigan’s economy...
Colombia’s Avianca says its survival is in doubt due to coronavirus crisis
There is “substantial doubt” about Avianca Holdings’ ability to stay in business due to the coronavirus crisis, the Colombian airline reported on Thursday, citing the...