Talking Biz News Today — March 31, 2020
Some of Tuesday’s top business news stories: Associated Press Urgent question from small businesses: When will aid arrive?, by Joyce M. Rosenberg Gas is cheap, but for many motorists there’s nowhere to go, by David Koenig CNN Ford to build 50,000 ventilators in 100 days, by Peter Valdes-Dapena, Jackie Wattles Facebook is giving $25 million […]
Talking Biz News Today — March 30, 2020
Some of Monday’s top business news stories: Associated Press Instacart workers seek strike as jobs get busier, riskier, by Alexandra Olson, Curt Anderson Arizona governor signs stripped-down $11.8 billion budget, by Bob Christie CNN $50 billion airline bailout won’t be enough to save US industry, by Chris Isidore SeaWorld is temporarily furloughing over 90% of […]
President Trump extends social distancing to end-April
President Donald Trump has announced social distancing guidelines will be extended until the end of April. Zeke Miller and Jill Colvin reported the news for the AP: Bracing the nation for a death toll that could exceed 100,000 people, President Donald Trump on Sunday extended restrictive social distancing guidelines through April, bowing to public-health experts […]
Talking Biz News Today — March 27, 2020
Some of Friday’s top business news stories: Associated Press Are gun shops ‘essential’ businesses during a pandemic?, by Lisa Marie Pane, Jim Vertuno 3.3 million seek US jobless aid, nearly 5 times earlier high, by Christopher Rugaber CNN Why CEOs are giving up their salaries during the coronavirus crisis, by Clare Duffy Ford plans to […]
Raytheon, UTC tie-up wins regulatory approval
The Department of Justice has given the green light to the merger between Raytheon and United Technologies Corporation. Reuters’ Diane Bartz reported: The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co, subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. […]
U.S. jobless claims expected at record high
New jobless claims in the United States are expected to have soared to 4 million over last week. Lucia Mutikani reported the news for Reuters: The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground […]
Talking Biz News Today — March 26, 2020
Some of Thursday’s top business news stories: Associated Press Many businesses cautious about restarting economy amid virus, by Michelle R. Smith, Dee-Ann Durbin ‘The whole city laid off’: US jobless claims climb sky high, by Rebecca Santana, Davi A. Lieb CNN Egg prices are skyrocketing because of coronavirus panic shopping, by Nathaniel Meyersohn What constitutes […]
Trump, Congress agree on $2-trillion aid package
President Trump and Congress have agreed on an unprecedented $2-trillion financial aid package to help people and industries cope with the coronavirus outbreak. Andrew Taylor, Lisa Mascaro, and Jonathan Lemire reported the news for the AP: The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush […]
Talking Biz News Today — March 25, 2020
Some of Wednesday’s top business news stories: Associated Press Trump, Congress agree on $2 trillion virus rescue bill, by Andrew Taylor, Lisa Mascaro, Jonathan Lemire Many airline flights nearly empty as virus undercuts travel, by David Koenig CNN Brits to use contactless payments for bigger purchases as retailers fight coronavirus, by Amy Woodyatt Moviefone bought […]
Fed brings out heavy artillery against crisis
The Federal Reserve unveiled a new, more aggressive set of measures to stimulate the economy amid the coronavirus crisis. Brian Cheung reported the news for Yahoo News: The Federal Reserve called a third emergency meeting to combat the economic impact of the novel coronavirus and unveiled a number of new and “extensive” measures on Monday […]
