Talking Biz News Today — March 24, 2020
Some of Tuesday’s top business news stories: Associated Press Iconic plant’s end spells doom for struggling coal industry, by Dylan Lovan Europe eyes smartphone location data to stem virus spread, by Frank Bajak, Nicole Winfield CNN Cops in the toilet paper aisle: Grocery stores add extra security, by Nathaniel Meyersohn Funerals are the latest part […]
Shell to slash $5 bln from spending plans
Shell will cut its spending by $5 billion this year and halt a $25-billion share repurchase program. Ron Bousso had the news for Reuters: Royal Dutch Shell (RDSa.L) will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it […]
Talking Biz News Today — March 23, 2020
Some of Monday’s top business news stories: Associated Press Air Canada lays off 5,000, France tries to save food supply Pandemic bonds prove good for investors, less so for nations, by Maria Cheng CNN Coming soon: At least $1.7 trillion in government stimulus to help, by Julia Horowitz A fresh wave of coronavirus job losses […]
California on lockdown
California Governor Gavin Newsom has ordered a statewide lockdown to contain the spread of the coronavirus. Weizhen Tan and Riya Bhattacharjee reported the news for CNBC: California Gov. Gavin Newsom on Thursday issued a statewide order for all residents to ‘stay at home’ amid a coronavirus outbreak. “We need to bend the curve in the […]
Talking Biz News Today — March 20, 2020
Some of Friday’s top business news stories: Associated Press $10 toilet paper? Coronavirus gouging complaints surge in US, by Reese Dunklin, Justin Pritchard A pot shop at your door: Home delivery surges amid outbreak, by Michael R. Blood, Haven Daley CNN Goldman Sachs predicts 2.25 million Americans filed initial unemployment claims this week, the highest […]
Talking Biz News Today — March 19, 2020
Some of Thursday’s top business news stories: Associated Press Next up: Trump’s $1T plan to stabilize economy hit by virus, by Andrew Taylor, Lisa Mascaro Europe’s central bank launches new program to calm markets, by David McHugh CNN Facebook has a coronavirus problem. It’s WhatsApp., by Hadas Gold, Donie O’Sullivan European brewers and distillers switch […]
Talking Biz News Today — March 18, 2020
Some of Wednesday’s top business news stories: Associated Press Panic buying leaves retailers scrambling to restock, by Anne D’Innocenzio Nevada governor shutters gambling, dining to halt virus, by Michelle L. Price, Scott Sonner CNN Facebook is giving $1,000 to all of its 45,000 employees, by Rishi Iyengar Marriott is beginning to furlough employees, by Jordan […]
Washington defers tax payments until July
The U.S. federal government has deferred all tax payments for 90 days, until July 15. AP’s Martin Crutsinger had the news: The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. The extension announced Tuesday is an effort to […]
Talking Biz News Today — March 17, 2020
Some of Tuesday’s top business news stories: Associated Press Amazon seeks to hire 100,000 to keep up with surge in orders, by Joseph Pisani Court approves PG&E’s $23B bankruptcy financing package, by Michael Liedtke CNN McDonald’s closes seating at corporate-owned restaurants amid coronavirus outbreak, by Rob McLean US airline industry seeks about $50 billion in […]
U.S. airlines ask for aid package
U.S. airlines have asked the government for an aid package that could top $50 billion. AP’s David Koenig reported: With each day that the coronavirus outbreak spreads and claims more lives, the damage to global airlines rises too. U.S. carriers on Monday put a price tag on their pain: They asked the federal government for […]
