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Allstate to return $600 million in auto premiums as pandemic cuts driving

41 minutes ago   |   Reuters

U.S. insurer Allstate Corp said on Monday it would return more than $600 million in auto insurance premiums to customers as many Americans drive less due to "shelter-in-place...
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Wall Street soars on hopes of slowing coronavirus deaths

41 minutes ago   |   Reuters   |   4 articles

U.S. stocks rocketed higher on Monday, with each of the major indexes rallying at least 7%, after a fall in the daily death toll in New York, the country's biggest coronavirus...
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Lufthansa to discuss permanently grounding Germanwings: sources

41 minutes ago   |   Reuters

Lufthansa will discuss permanently grounding its Germanwings low-cost airline unit at a management board meeting on Tuesday, two sources familiar with the matter told Reuters.
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Airbnb to get $1 billion investment from Silver Lake, Sixth Street Partners

41 minutes ago   |   Reuters   |   2 articles

Airbnb said on Monday investment firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company in a combination of debt and equity.
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Wall Street soars 7% on hopes of slowing coronavirus deaths

1 hour ago   |   Reuters   |   4 articles

U.S. stocks rocketed higher on Monday, with each of the major indexes rallying about 7%, after a fall in the daily death toll in New York, the country's biggest coronavirus hot...
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NYSE in talks with SEC to ease listing rules during coronavirus volatility

1 hour ago   |   Reuters   |   2 articles

The New York Stock Exchange said on Monday it was in talks with regulators to temporarily ease its listing requirements to take the strain off companies that may have fallen...
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Coronavirus muddies U.S. economic data as business closures push down response rates

1 hour ago   |   Reuters

A near total closure of U.S. businesses as authorities try to control the spread of the novel coronavirus could make U.S. economic data unreliable in the coming months and...
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Honda extends U.S., Canadian auto production halt through May 1

2 hours ago   |   Reuters

Honda Motor Co said on Monday it will extend its auto production shutdown in the United States and Canada through May 1.
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Fed says it will provide financing against new 'payroll protection' loans

2 hours ago   |   Reuters   |   2 articles

The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the Fed for cash, easing concerns among banks...
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Alaska's RavnAir bankruptcy while awaiting government aid shows regional airlines' challenges

2 hours ago   |   Reuters   |   3 articles

RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that government aid would not...
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You can get 50 cents off every gallon of gas at BP or Amoco gas stations if...

You can get 50 cents off every gallon of gas at BP or Amoco gas stations if you're a healthcare worker or first responder

First-responders and healthcare workers can now get 50-cent discounts on every gallon of gas purchased at BP and Amoco stations - all they need to do is register online. Gas... Read more ...

'He kind of called us p--ies': Hear the US Navy's top official call a...

'He kind of called us p--ies': Hear the US Navy's top official call a carrier captain 'stupid' to boos from sailors facing a coronavirus outbreak

The acting Navy secretary's impassioned 15-minute speech to the sailors aboard the USS Theodore Roosevelt was met with dismay and anger. In an audio recording obtained by... Read more ...

The Fed will start buying debt backed by emergency small-business loans...

The Fed will start buying debt backed by emergency small-business loans - giving banks more leeway to offer critical aid

The Federal Reserve announced Monday it will begin buying debt backed by the Small Business Administration's Payroll Protection Program. The facility will create a new market... Read more ...

Airbnb raises $1 billion from investors as the company takes a big hit from...

Airbnb raises $1 billion from investors as the company takes a big hit from the coronavirus crisis

Airbnb has raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners, the company announced Monday. Airbnb did not disclose the terms of the deal, but a... Read more ...

New York just doubled the maximum fine for breaking social distancing rules...

New York just doubled the maximum fine for breaking social distancing rules to $1,000

Fines for breaking social-distancing measures in the state of New York will be raised from $500 to $1,000, Gov. Andrew Cuomo announced Monday. Cuomo lamented that some are... Read more ...

A councilman said NYC is preparing a contingency plan to dig trenches in...

A councilman said NYC is preparing a contingency plan to dig trenches in city parks '10 caskets in a line' to bury people who died of the coronavirus

New York City could start building trenches in a city park to bury the bodies of people who have died from COVID-19 as a contingency plan if the death rate doesn't drop soon, a... Read more ...

Boeing will keep its Seattle-area factories closed indefinitely because of...

Boeing will keep its Seattle-area factories closed indefinitely because of the coronavirus pandemic

Boeing will keep its Washington state factories and plants closed indefinitely because of the coronavirus pandemic . The company previously said the facilities would close for... Read more ...

Peloton is suspending its live classes after an employee tested positive for...

Peloton is suspending its live classes after an employee tested positive for COVID-19 and its members urged it to protect worker safety

Peloton is temporarily canceling its live classes. The news comes after the company confirmed on Facebook that an employee at its New York studio tested positive for... Read more ...

Jamie Dimon tells shareholders he expects the coronavirus to cause a 'bad...

Jamie Dimon tells shareholders he expects the coronavirus to cause a 'bad recession' and 'financial stress similar to the global financial crisis,' at a minimum

Jamie Dimon's annual letter to JPMorgan shareholders was published Monday. In it, the bank's CEO addressed the coronavirus pandemic and the impact it could have on the US... Read more ...

Defiant Amazon workers are planning to strike again at the same warehouse...

Defiant Amazon workers are planning to strike again at the same warehouse where a strike organizer was fired last week

Workers at an Amazon warehouse in Staten Island are planning to go on strike on Monday, walking off the job for the second time in two weeks. Strike organizers are protesting... Read more ...