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July 9, 2020
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Reuters - Business

Did elite David Boies law firm get a pandemic bailout? It’s a secret

Reuters
(Reuters) – When the U.S. government announced a multibillion-dollar bailout of struggling small businesses amid the coronavirus pandemic, one of the top U.S. law firms sensed an opportunity. FILE PHOTO: Lawyer David Boies speaks to reporters outside the courthouse after a bail hearing in U.S. financier Jeffrey Epstein’s sex trafficking......
Reuters - Business

U.S. companies vow to fight racism but face critics on diversity

Reuters
(Reuters) – In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death of George Floyd in Minneapolis, which has set off a flurry of corporate statements of solidarity with the black community – along......
Reuters - Business

Nissan and Renault shelve merger plans to repair their alliance: sources

Reuters
(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and......
Reuters - Business

U.S. shale bust slams rural economies as oil checks shrivel

Reuters
DeWITT COUNTY, Texas (Reuters) – Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight......
Reuters - Business

Could coronavirus help Amazon workers unionize?

Reuters
WASHINGTON (Reuters) – Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota. FILE PHOTO: Amazon logo is seen in front of displayed coronavirus disease (COVID-19) in this illustration taken March 19, 2020. REUTERS/Dado......
Reuters - Business

Britons spurned by banks caught in a coronavirus credit crunch

Reuters
LONDON (Reuters) – When a payroll glitch left Natalie Gallagher so short of cash this month she couldn’t afford her bus fare to work, she turned to her usual lender Amigo for an emergency top-up loan. FILE PHOTO: A pedestrian walks past a payday lending shop in London March 6,......
Reuters - Business

Angola’s oil exploration evaporates as COVID-19 overshadows historic reforms

Reuters
LONDON/LAGOS (Reuters) – The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. FILE PHOTO: Kaombo Norte floating oil platform is seen at night off the coast of......
Reuters - Business

India’s farmers gather record wheat crop, but cannot move it

Reuters
GHARAUNDA, India (Reuters) – Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country’s largest-ever wheat harvest in Haryana state near New Delhi. FILE PHOTO: Workers load sacks of wheat onto a supply truck at the Gharaunda Grains Market in......
Reuters - Business

‘The government is failing us’: Laid-off Americans struggle in coronavirus crisis

Reuters
(Reuters) – For Claudia Alejandra, unemployment has become a full-time job. Since losing her position at the makeup counter at the Macy’s department store in Orlando, Florida, on March 28, Alejandra spends her days trying to secure the unemployment benefits that should have arrived weeks ago, sometimes placing more than......
Reuters - Business

The devil’s in the detail for junk debt investors facing coronavirus defaults

Reuters
LONDON (Reuters) – Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they’re frantically scouring the terms to see just what firms can get away with to survive the fallout. FILE PHOTO: A board at the New York......
Reuters - Business

Much of U.S. economy still plugging along despite coronavirus pain

Reuters
WASHINGTON (Reuters) – Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home. FILE PHOTO: A worker cuts swimwear fabric to be used by swimwear company Helen Jon, which converted its manufacturing facilities to make non-medical grade face masks, during......
Reuters - Business

Piglets aborted, chickens gassed as pandemic slams meat sector

Reuters
CHICAGO (Reuters) – With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give......

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