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Airbnb Asks Banks To Extend $1B Credit Facility Due To Coronavirus Impact: Report

Airbnb Inc. has asked banks to extend the deadline of a $1 billion credit facility it was granted in 2016, according to a Reuters report Wednesday. read more.....»»

Category: blogSource: benzingaMar 26th, 2020

Bond Report: 30-year Treasury bond yield breaks to all-time low as coronavirus fears lift havens

U.S. Treasury yields extend their week-long slump on Friday as investors worry that the economic impact of COVID-19 would not be contained to China......»»

Category: topSource: marketwatchFeb 21st, 2020

Sysco suspends share buybacks, cuts capex and taps $1.6 billion revolving credit facility

Food services company Sysco Corp. said Monday it is suspending its share buyback program and reducing capital spending as the coronavirus that causes COVID-19 has disrupted the away-from-home food business. The co.....»»

Category: topSource: marketwatch1 hr. 35 min. ago

China"s big banks flag asset pressure due to virus, boding ill for smaller kin

China's largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout......»»

Category: topSource: reuters7 hr. 35 min. ago

FBI, SEC looking into lawmakers" stock trades after coronavirus briefings: report

The FBI and the Securities and Exchange Commission are looking into stock trades by lawmakers made before the market plunged due to the impact of .....»»

Category: topSource: marketwatch12 hr. 35 min. ago

Ohio restaurants report almost $700 million sales drop amid coronavirus closures

Ohio restaurants have lost nearly $700 million in sales this month. The Ohio Restaurant Association and National Restaurant Association have begun to quantify the impact of coronavirus-related restrictions on the industry, having surveyed more th.....»»

Category: topSource: bizjournalsMar 29th, 2020

Ohio restaurants report nearly $700M sales drop amid coronavirus closures

Ohio restaurants have lost nearly $700 million in sales this month. The Ohio Restaurant Association and National Restaurant Association have begun to quantify the impact of coronavirus-related restrictions on the industry, having surveyed more th.....»»

Category: topSource: bizjournalsMar 28th, 2020

European banks should halt 2020 dividends due to epidemic: trade body

Banks should halt 2020 dividend payments to preserve capital and keep lending to businesses and households until the impact of the coronavirus epidemic is clearer, the European Banking Federation (EBF) said......»»

Category: topSource: reutersMar 27th, 2020

Alitalia asks to put more workers under layoff scheme-document

Alitalia's administrator has asked the Italian government to increase the number of employees under temporary lay-off scheme to nearly 7,000, a document showed, to help mitigate the impact the coronavirus outbreak had on the airline and the wider sector......»»

Category: topSource: reutersMar 27th, 2020

Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites

Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire $500 million credit facility as the apparel retailer looks to weather the coronavirus crisis......»»

Category: topSource: reutersMar 26th, 2020

Banks, hardware stores, liquor stores, and grocery: These businesses are seeing foot-traffic bursts amid the coronavirus pandemic

AP Photo/Gillian Flaccus The coronavirus pandemic is having a monumental impact on businesses around the US.  While some businesses have been forced to shutter and seen foot t.....»»

Category: topSource: businessinsiderMar 26th, 2020

Banks and credit unions were building new branches. Coronavirus has put those plans on pause

Businesses across the state have been forced to halt noness.....»»

Category: topSource: bizjournalsMar 26th, 2020

Capitol Report: Senate approves $2 trillion coronavirus-aid bill, sending measure to House for vote

The Senate late Wednesday approved a sweeping package designed to cushion the impact of the coronavirus outbreak on Americans, sending the measure to the House of Representatives for a planned vote on Friday......»»

Category: topSource: marketwatchMar 26th, 2020

Capitol Report: Senate prepares to vote on coronavirus-aid bill after snag over unemployment benefits

The Senate appeared back on track to vote on a sweeping package designed to cushion the impact of the coronavirus outbreak on Americans, after hitting a snag late Wednesday......»»

Category: topSource: marketwatchMar 25th, 2020

Airbnb holds meeting with bankers to extend $1 billion debt facility: source

Airbnb holds meeting with bankers to extend $1 billion debt facility: source.....»»

Category: topSource: reutersMar 25th, 2020

Apple may delay smartphone launch in fall because of coronavirus-related impact: report

Shares of Apple Inc. dipped 0.6% in regular trading Wednesday following a report from the Nikkei Asian Review that the company is c.....»»

Category: topSource: marketwatchMar 25th, 2020

Equifax says it will work with lenders, creditors to help reduce the impact of the coronavirus crisis on U.S. credit reports

Consumers are expected to look for relief from payments and fees during the public-health crisis......»»

Category: topSource: marketwatchMar 24th, 2020

General Motors to draw down $16 billion in credit, suspends 2020 outlook

General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak......»»

Category: topSource: reutersMar 24th, 2020

General Motors suspends 2020 outlook, to draw down $16 billion in credit

General Motors on Tuesday suspended its 2020 outlook and said it plans to draw down about $16 billion from its credit facilities in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak......»»

Category: topSource: reutersMar 24th, 2020

Nordstrom suspends dividend, halts buybacks and taps credit

Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus pandemic......»»

Category: topSource: moneycentralMar 23rd, 2020

Washington may protect your credit score if your number takes a hit during the coronavirus pandemic

Proposals in both the Senate and House aim to prevent negative information from reaching credit reports. Here's how some emergency measures taken by consumers may impact their credit score......»»

Category: realestateSource: cnbcMar 23rd, 2020