Ashford hotel group slams feds, pledges to return PPP loan

A Texas-based hotel empire begrudgingly pledged to return coronavirus aid for small businesses after the feds threatened to go after big companies that kept the money. The Ashford Group of Companies slammed the Trump administration for shifting the rules of its $659 billion Paycheck Protection Program — as it announced plans to repay the loans it received by the feds’ […]

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Coronavirus prompts growth for small farms offering direct-to-consumer sales

Coronavirus puts farmers in ‘dire need’ of help from government: Farm Bureau president Farm Bureau President Zippy Duvall discusses how coronavirus is challenging farmers, trade with China and reopening the economy. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below While some large farms are hurting from not being able […]

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ViacomCBS layoffs continue amid merger integration

ViacomCBS has unleashed a fresh round of layoffs in the ongoing integration of Viacom and CBS, whose merger created the company in December. ViacomCBS Chief Executive Bob Bakish sent an e-mail to staff Wednesday after handing out pink slips that may have hit more than 100 workers, according to a source. The news pushed shares of ViacomCBS down nearly 9 […]

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Fed Holds Rate, Speaks About Medium Term Risks To Economic Outlook

The U.S. Federal Reserve today held its interest rate target between 0 percent and 0.25 percent. The Fed said it would continue with its aggressive policy stance until it is comfortable that the economy is back on its feet. The Federal Open Market Committee said in its post-meeting statement that the ongoing public health crisis “will weigh heavily on economic […]

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American Airlines Slips To Loss In Q1; Stock Down

American Airlines Group Inc. (AAL) reported that its first-quarter net loss was $2.24 billion or $5.26 per share, compared to net income of $185 million or $0.41 per share in the prior year. In Thursday pre-market trade, AAL is trading at $11.92, down $0.71 or 5.62 percent. Excluding net special items, first-quarter net loss was $1.13 billion or $2.65 per […]

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Woolworths Q3 Total Sales Up 10.7%

Woolworths Group Limited (WOW.AX) reported that its sales from continuing operations for the third-quarter rose 10.7 percent to A$16.50 billion from A$14.90 billion in the prior year. Group online sales were up 34.0 percent. In Australian Food division, total sales for the quarter increased 11.3% to A$11.2 billion with comparable sales increasing 10.3%. Total sales growth was approximately 3% for […]

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Gilead sees 'positive' data on coronavirus treatment remdesivir trial

Gilead coronavirus treatment shows positive results Gilead’s trial of coronavirus treatment Remdesivir is showing positive data and driving up the markets. Raymond James Biotech Research Director Dr. Steven Seedhouse with more. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Gilead Sciences on Wednesday touted "positive data" coming from a study […]

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Should I take out a loan to pay medical bills?

Personal loans can help you pay off medical debts, but they might not be the wisest option in the long run. (iStock) Medical bills are a leading cause of financial strife in America. Nearly two-thirds of households that filed for bankruptcy between 2013 and 2016 cited medical bills as the main contributor, according to a study published in the American […]

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Companies seek to limit coronavirus liability

Coronavirus small business relief round two is ‘critically needed’: TD Bank CEO TD Bank CEO Greg Braca discusses the necessity of relaunching the small business loan program after it processed 26,000 applications in over a week. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below As companies start planning their […]

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