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Southridge Mall base rents went from $7.5 million to $43,000 because of Covid-19 deferrals

The Covid-19 pandemic resulted in Southridge Mall making agreements for rent deferrals with retailers that could cut the amount they’d collect this year from the usual $7.5 million to as little as $43,047......»»

Category: topSource: bizjournalsMay 23rd, 2021

McConnell supports long-overdue Kentucky bridge project, but rejects proposed corporate tax hikes to fund the work

McConnell is pushing for a more targeted $600 billion infrastructure plan, devoid .....»»

Category: personnelSource: nytMay 8th, 2021

Spending at US retailers rockets 9.8% higher as stimulus supercharges reopening

The bounce nearly doubled the median estimate for a 5.8% gain and places sales at their highest level since data collection began in 1992. AaronP/Bauer-Griffin/GC Images US retail sales surged 9.8% in March to a record $619.1 billion, the.....»»

Category: topSource: businessinsiderApr 15th, 2021

Stimulus update: PPP funds for business owners

On Dec. 27 2020, President Donald Trump signed a $900 billion stimulus bill into law. The bill renews the Paycheck Protection Program (PPP), which was established last March to help businesses that were struggling as a result of the Covid-19 pandem.....»»

Category: topSource: bizjournalsFeb 16th, 2021

People have lost roughly $140 billion in Bitcoin because they forgot their passwords or got locked out of accounts, and would-be millionaires are struggling to access their wallets

As Bitcoin's value continues to soar, many users locked out of their fortunes are struggling to recover the passwords of their crypto wallets. Surasak Suwanmake/ Getty Images People are wat.....»»

Category: topSource: businessinsiderJan 12th, 2021

: EasyJet lands $1.87 billion state-backed loan as it looks to ease COVID cash crunch

Renewed COVID-19 lockdowns have heaped more pressure on already struggling airlines......»»

Category: topSource: marketwatchJan 11th, 2021

At Ivanka Trump’s urging, White House announces new $1.5 billion in funding for Farmers to Families Food Box program

The Trump administration is pumping new money into a program that has been a lifeline for struggling families during the pandemic.....»»

Category: topSource: washpostJan 4th, 2021

Retailers report more cases, greater losses due to organized theft

Organized retail crime keeps growing, the National Retail Federation has found, with 75% of retailers that have been victims saying activity is up. Losses averaged $719,548 per $1 billion in sales, which is up 2% over 2019. It’s the fifth c.....»»

Category: topSource: bizjournalsDec 24th, 2020

Congress just approved more funding for struggling small businesses. Here"s what"s different this time around.

The latest stimulus package includes $284 billion for small businesses, including $15 billion for entertainment venues. The proposed stimulus package includes $284 billion for small businesses. .....»»

Category: dealsSource: nytDec 22nd, 2020

Holiday shopping is the last chance for many struggling stores

More than 40 U.S. retailers have filed for Chapter 11 since .....»»

Category: topSource: chicagotribuneDec 21st, 2020

Airlines will reportedly be required to bring back 32,000 workers in order to get $15 billion in aid from Congress" long-awaited coronavirus relief package

The reported deal is a sigh of relief for the struggling industry, but may not be enough - and only lasts through March. Travelers wearing protective fac.....»»

Category: dealsSource: nytDec 21st, 2020

Dow struggles for altitude at Wednesday"s open as investors watch reports on $900 billion COVID fiscal deal, Fed update

U.S. stocks on Wednesday traded tepidly higher, struggling to gain ground into substantially positive territory, as investors awaited key news that could provide a fresh catalyst for equit.....»»

Category: topSource: marketwatchDec 17th, 2020

London’s $2 billion lifeline for its struggling transport system may need to be copied by U.S. cities

After revenue from fares fell by 90%, the U.K. government agreed a support package to help Transport for London get buses and trains running again......»»

Category: topSource: marketwatchMay 15th, 2020

Democrats have proposed $100 billion for struggling renters. It may not be enough.

Local officials are ramping up efforts to prevent a potential rash of evictions among renters as the country’s unemployment rates reach historic highs and eviction moratoriums start to expire......»»

Category: topSource: washpostMay 13th, 2020

Neiman Marcus and J.Crew could survive bankruptcy filings, experts say

With stores closed and the shift to online accelerated by the coronavirus, retailers are struggling, with some, like department stores, particularly vulnerable......»»

Category: topSource: marketwatchMay 9th, 2020

A new bailout fund for retailers — this time from a big landlord

Brookfield Asset Management, the Canadian investment group that is one of the largest operators of US shopping malls, is launching a $5 billion rescue fund for retailers that need extra capital to weather the coronavirus pandemic......»»

Category: topSource: bizjournalsMay 8th, 2020

Neiman Marcus files for Chapter 11 bankruptcy

The luxury department stores had been struggling to get out from under $5 billion in debt even before the outbreak forced it to shutter all 43 of its U.S. stores......»»

Category: topSource: moneycentralMay 7th, 2020

Neiman Marcus files for Chapter 11 bankruptcy

The luxury department stores had been struggling to get out from under $5 billion in debt even before the outbreak forced it to shutter all 43 of its U.S. stores......»»

Category: worldSource: nytMay 7th, 2020

The Fed expands its $600 billion lending program for struggling businesses but leaves start date unannounced

Caroline Brehman/CQ-Roll Call/Getty Images The Federal Reserve announced Thursday it will expand its Main Street Lending Program to include mid-sized companies and those with greater leverage. The central bank expanded program eligibility t.....»»

Category: topSource: businessinsiderApr 30th, 2020

Democrats urge U.S. to provide at least $5 billion in loans to bus industry

Two senior U.S. House Democrats on Friday asked the U.S. Treasury and Federal Reserve to direct at least $5 billion in loans to struggling over-the-road bus companies because of the coronavirus pandemic......»»

Category: topSource: reutersApr 24th, 2020