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Coronavirus: Latest news

Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends. McDonald's is cutting its menu and stopping serving breakfast all day.....»»

Category: topSource: businessinsiderMar 25th, 2020

Airlines will get the $60 billion bailout they asked for in the coronavirus stimulus bill that just passed in the House — it also prohibits layoffs, stock buybacks, and dividends (AAL, DAL, UAL, LUV, JBLU)

David McNew/Getty The bipartisan coronavirus aid package offers $58 billion to the nation's airlines, split evenly between loans and payroll grants. The coronavirus bailout package, which aligns with requests.....»»

Category: topSource: businessinsiderMar 27th, 2020

U.S. Senate bill to grant airlines bailout to weather coronavirus

The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 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

A $54 billion bailout for airlines could come with new rules on bag fees, stock buybacks, and more (UAL, DAL, AAL, JBLU)

Reuters US air.....»»

Category: topSource: businessinsiderMar 17th, 2020

Stimulus Bill Awards $58 Billion To Stabilize Airline Industry

The U.S. Senate late Wednesday passed a $2 trillion coronavirus rescue bill that includes almost $60 billion in ai.....»»

Category: blogSource: benzingaMar 26th, 2020

Uber"s CEO welcomed a $2 trillion stimulus bill that would finally let US drivers claim unemployment insurance

AP Photo/Mark Lennihan The Senate on Wednesday passed its $2 trillion coronavirus economic bailout bill, which included pro.....»»

Category: topSource: businessinsiderMar 26th, 2020

For the first time, Uber drivers and other gig workers would qualify for unemployment insurance as part of the Senate"s $2 trillion coronavirus stimulus bill

REUTERS/Brian Snyder The Senate's $2 trillion coronavirus economic bailout bill includes help for gig economy workers, like Uber and Lyft drivers, who have seen their liveli.....»»

Category: topSource: businessinsiderMar 26th, 2020

For the first time ever, Uber drivers and other gig workers would qualify for unemployment insurance as part of the Senate"s $2 trillion coronavirus stimulus bill

REUTERS/Brian Snyder The Senate's $2 trillion coronavirus economic bailout bill includes help for gig economy workers, like Uber and Lyft drivers, who have seen their liveli.....»»

Category: topSource: businessinsiderMar 26th, 2020

5 reasons Warren Buffett loves stock buybacks, which US lawmakers plan to suspend for companies they bail out

Kevin Lamarque/Reuters Warren Buffett has touted the value of stock buybacks for decades. US lawmakers want to pass a coronavirus stimulus bill that temporarily b.....»»

Category: topSource: businessinsiderMar 25th, 2020

5 reasons Warren Buffett loves stock buybacks, which US lawmakers plan to ban for companies they bail out

Kevin Lamarque/Reuters Warren Buffett has touted the value of stock buybacks for decades. US lawmakers want to pass a coronavirus stimulus bill that temporarily b.....»»

Category: topSource: businessinsiderMar 25th, 2020

Capitol Report: Coronavirus stimulus package set to ban stock buybacks for companies that get aid

There is a provision in the stimulus package to “ban stock buybacks for the term of the government assistance plus 1 year on any company receiving a government loan from the bill,” says Democratic Sen. Chuck Schumer......»»

Category: topSource: marketwatchMar 25th, 2020

U.S. Senate bill grants aviation sector big bailout: Republican senator

A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 2020

Stock futures turn negative even after stimulus bill

Stock futures turned negative in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill......»»

Category: topSource: moneycentralMar 25th, 2020

Stock futures turn negative even after stimulus bill

Stock futures turned negative in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill......»»

Category: topSource: moneycentralMar 25th, 2020

Stock futures higher after White House, Senate reach deal on coronavirus bill

Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill......»»

Category: topSource: moneycentralMar 25th, 2020

Stock futures higher after White House, Senate reach deal on coronavirus bill

Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill......»»

Category: topSource: moneycentralMar 25th, 2020

Dow futures rise as Senate considers relief bill

Futures contracts tied to the major U.S. stock indexes surged in early trading Tuesday on hopes an agreement on a stimulus bill to rescue the economy from the coronavirus was close......»»

Category: topSource: moneycentralMar 24th, 2020

Dow futures rise as Senate considers relief bill

Futures contracts tied to the major U.S. stock indexes surged in early trading Tuesday on hopes an agreement on a stimulus bill to rescue the economy from the coronavirus was close......»»

Category: topSource: moneycentralMar 24th, 2020

Schumer says Republican bill contained "large corporate bailout"

Senate Minority Leader Charles Schumer on Sunday said Democrats opposed the massive coronavirus stimulus bill because it contained a "large corporate bailout with no protections for workers and virtually no oversight." Schumer blamed Senate Republican.....»»

Category: topSource: marketwatchMar 22nd, 2020