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South Korea state banks to provide up to $1.4 billion liquidity to Asiana Airlines

South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggling with the impact of the coronavirus......»»

Category: topSource: reutersApr 21st, 2020

A catastrophic month for retailers, and now a race to survive

The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling to the nation’s small businesses. The Small Business Administration says that as of... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

Fight over commercial rent gets ugly with default wave looming

Tension is rising in the messy fight over commercial rent payments. With stores shuttered across the U.S., struggling retailers are skipping rent and asking for concessions, while landlords are... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 18th, 2020

Trump announces $19B program to help agriculture sector

President Trump on Friday announced a $19 billion program to help the struggling agriculture sector and distribute food to families in need amid the economic toll of the coronavirus pandemic......»»

Category: topSource: moneycentralApr 17th, 2020

DHL struggles to cope as online parcel volumes surge

Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday......»»

Category: topSource: reutersApr 16th, 2020

Warren Buffett will "let everybody know" once he invests the bulk of Berkshire Hathaway"s $128 billion cash pile, Bill Ackman says

Mario Anzuoni/Reuters Warren Buffett stepped in to reassure investors and bail out struggling companies during the 2008 finan.....»»

Category: topSource: businessinsiderApr 16th, 2020

Capitol Report: Lawmakers still negotiating over boosting aid program for small businesses, as money looks set to run out today

U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»

Category: topSource: marketwatchApr 15th, 2020

Capitol Report: Democrats, Republicans still negotiating over boosting coronavirus aid program for small businesses

U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»

Category: topSource: marketwatchApr 15th, 2020

U.S. awards airports $10 billion in grants amid travel falloff

The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the coronavirus pandemic......»»

Category: topSource: reutersApr 14th, 2020

Capitol Report: Democrats, Republicans still at impasse over boosting coronavirus aid program for small businesses

U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses. But analysts predict an extra $250 billion for a Paycheck Protection Program could get approved this week......»»

Category: topSource: marketwatchApr 13th, 2020

75% of the stores in NYC"s most expensive neighborhood — the $25 billion Hudson Yards — didn"t pay their April rent

Getty Images/Noam Galai 75% of the retailers in New York City's Hudson Yards did not pay their April rent because of the coronavirus crisis, The Financial Times reported.  Hudson Yards is the city's most expensive neighborhood, with .....»»

Category: topSource: businessinsiderApr 10th, 2020

Capitol Report: Democrats, Republicans at impasse over boosting coronavirus aid program for small businesses

U.S. lawmakers are struggling to reach an agreement on setting aside additional coronavirus aid for small businesses, leading analysts to predict that an extra $250 billion for a Paycheck Protection Program won’t get approved until next week......»»

Category: topSource: marketwatchApr 9th, 2020

Tesco defends dividend payout as warns coronavirus costs could top $1 billion

Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis......»»

Category: topSource: reutersApr 8th, 2020

Opinion: Financial well-being is part of overall personal health

As I write this, there are 7.8 billion of us on this planet who are collectively experiencing a surreal set of circumstances as we navigate the COVID-19 pandemic. Things are changing so rapidly and dramatically across the globe, I am struggling to .....»»

Category: topSource: bizjournalsApr 5th, 2020

What"s in the U.S. small business rescue program?

Amid confusion over a $349 billion rescue program for small businesses struggling to survive the coronavirus pandemic, the U.S. Treasury released guidelines it hopes will pave the way to getting the spigots flowing on Friday, as promised......»»

Category: topSource: reutersApr 2nd, 2020

New York City officials are urging Gov. Cuomo to approve an $8 billion plan for rental relief — after renters were left out of the federal coronavirus stimulus

Tayfun Coskun/Anadolu Agency/Getty Images Mayor Bill De Blasio has endorsed a rental relief plan that would provide immediate aid to those struggling to pay their April rent. The plan, which still needs to be approved by .....»»

Category: topSource: businessinsiderApr 2nd, 2020

Retail rent negotiations get messy with $20 billion due

Retailers and landlords are locked in an awkward dance as April rent comes due. Major chains including Mattress Firm and Subway have told landlords they will postpone or slash payments in the coming... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

How the New Paycheck Protection Loans Are Different Than Traditional 7(a) SBA Loans

The $350 billion lending program authorized by the latest stimulus package aims to expand the access and availability of loans to struggling small businesses. And the terms are now very different......»»

Category: topSource: moneycentralMar 30th, 2020

"Blindsided" with no backup plan and rents closing in: Laid-off NYC restaurant workers describe how their lives have changed as their industry collapses around them

Jeenah Moon/Getty Images New York City's restaurant industry makes about $50 billion in sales each year and employs 167,000 p.....»»

Category: topSource: businessinsiderMar 29th, 2020

Thyssenkrupp to cut 3,000 jobs at struggling steel unit

German conglomerate Thyssenkrupp will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) at its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG Metall, it said on Wednesday......»»

Category: topSource: reutersMar 25th, 2020