Tuesday, 17 March 2020

Exclusive: Boeing seeking 'tens of billions' in U.S. government loan guarantees - sources

Reuters.com Newsletter

Exclusive: Boeing seeking 'tens of billions' in U.S. government loan guarantees - sources

Boeing Co is seeking "tens of billions of dollars" in U.S. government loan guarantees and other assistance as faces it a looming liquidity crunch from the massive coronavirus economic disruption impacting the entire aviation sector, two people briefed on the matter told Reuters.

California considers whether Tesla factory can operate in coronavirus shutdown

Local California officials are evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay Area begins a three-week lockdown to rein in the spread of coronavirus.

Fed moves to backstop funding for companies as coronavirus fallout spreads

The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis.

Fed's Harker says central bank works to keep markets liquid amid coronavirus 'black swan' shock

Philadelphia Federal Reserve Bank President Patrick Harker said on Tuesday the global economy is reeling from the shock caused by the coronavirus, and that central bankers need to do what they can to stimulate the economy and keep markets functioning.

Fed's Bostic flags possible further steps in Fed crisis response

The U.S. Federal Reserve is continuing to debate its next steps to expand support for the economy during the ongoing coronavirus epidemic, with broadened rules for bank lending a possibility Atlanta Federal Reserve bank president Raphael Bostic said on Tuesday.

McDonald's, Starbucks limit dine-in service in U.S. to slow coronavirus

McDonald's Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major cities ordered restaurants and bars closed to stop spread of the coronavirus.

FedEx suspends 2020 profit outlook; quarterly revenue beats estimates

U.S. package delivery company FedEx Corp suspended its 2020 profit outlook on Tuesday, citing disruption from the coronavirus outbreak, which also led to lower adjusted third-quarter profit.

Wall Street bounces after Monday's selloff as Fed boosts liquidity

The S&P 500 rose 6% on Tuesday, a day after its steepest decline since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.

Key U.S. business group opposes shutting U.S. stock trading, short-selling bans

Shutting down the U.S. stock market would be "exactly the wrong thing to do" by depriving businesses and investors of capital just when they need it the most, a U.S. Chamber of Commerce official said on Tuesday, adding that the country's most powerful lobby group also opposes bans on short selling.

Stay-at-home stocks soar as Wall Street rebounds

Speculative stocks that stand to benefit from social distancing during the coronavirus pandemic soared on Tuesday, lifted by a broad rebound market following Wall Street's worst day in three decades.

Exclusive: Impossible Foods explores credit line to tackle coronavirus fallout - sources

Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic fallout of the coronavirus outbreak, people familiar with the matter said on Tuesday.

Related Videos

U.S. airlines seek $50bln government bailout

Airlines stop flying as virus crisis deepens

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS