Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan’s three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday.
NCAA president: Sports won’t return until campuses reopen
College sports will not resume until all students are back on campus, NCAA president Mark Emmert said Friday.
Bankruptcy court approves Neiman Marcus’ plea to access financing
U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company’s business during Chapter 11 bankruptcy proceeding…
Wall Street Week Ahead: U.S. data deluge to underscore divide between roaring market, plunging economy
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdo…
Pfizer to outsource some drug production, focus on coronavirus vaccine
(This May 8 story corrects to delete word “intravenously” in para 8 in reference to Pfizer’s 1.5 billion doses of injected vaccines)
No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say
As many parts of the world’s biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Frid…
U.S. small business rescue program ignored Congress: watchdog
The U.S. government’s $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prioritize the right businesses, a go…
Trump ‘torn’ over U.S.-China trade deal as officials push to fulfill its terms
U.S. President Donald Trump said on Friday he was “very torn” about whether to end the so-called Phase 1 U.S.-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus eco…
Southwest to raise $815 million through sale and leaseback of 20 planes
Southwest Airlines Co will sell and lease back 20 planes for gross proceeds of about $815 million, the company said in a regulatory filing on Friday.
Explainer: Fed funds futures market sees negative rates by next April
The fed funds futures market is pricing in negative U.S. interest rates next year, a scenario the Federal Reserve has said it wants to avoid as many doubt that it would be an effective tool to stimulate growth.
