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April 3, 2020
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CNBC Business

British Airways to reportedly suspend 36,000 of its employees

CNBC
CNBC – For more and to sign up click here Jack Taylor | Getty Images News | Getty Images British Airways is set to suspend 36,000 jobs, the BBC reported Wednesday, though talks with U.K. trade union Unite are still ongoing. The flagship U.K. airline has reportedly reached an agreement......
CNBC Business

Japanese carmakers brace for US sales shock as coronavirus hits consumers

CNBC
CNBC – For more and to sign up click here A worker walks past Nissan Motor Co. vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture, Japan, on Friday, Feb. 28, 2020. Akio Kon | Bloomberg via Getty Images As the U.S. auto industry braces for......
CNBC Business

Airlines receiving aid can consolidate routes into fewer airports

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CNBC – For more and to sign up click here Jets are parked on runway 28 at the Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Images The U.S. Department of Transportation said Tuesday that it will allow airlines that receive coronavirus aid to......
CNBC Business

Spirit cancels New York, Connecticut, and New Jersey flights after CDC warning

CNBC
CNBC – For more and to sign up click here A Spirit Airlines passenger jet lands at LaGuardia Airport in New York, New York. Robert Alexander | Getty Images Low-cost U.S. carrier Spirit Airlines said on Monday it will cancel all flights to and from New York, Connecticut, and New......
CNBC Business

FCA temporarily cuts pay by 20% for salaried workers amid coronavirus

CNBC
CNBC – For more and to sign up click here Fiat Chrysler Automobiles (FCA) CEO Mike Manley Massimo Pinca | Reuters Fiat Chrysler will temporarily defer the salaries of its white-collar workers by 20% for the next three months as the automaker attempts to save cash to weather the coronavirus......
CNBC Business

Consolidating flights to US cities could help stem airline losses

CNBC
CNBC – For more and to sign up click here U.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC. Executives with U.S. airlines are......
CNBC Business

2020 Detroit auto show canceled due to coronavirus

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CNBC – For more and to sign up click here The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images The 2020 Detroit auto show has been canceled as its venue......
CNBC Business

The US economy has come to a standstill, satellite imagery shows

CNBC
CNBC – For more and to sign up click here American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with......
CNBC Business

BMW M850i is a competent choice but fails to commit to one personality

CNBC
CNBC – For more and to sign up click here 2020 BMW M850i Gran Coupe Source: BMW With an ever-expanding series of products that fill every niche, BMW should have one of the most well-rounded lineups in the automotive world. The company offers family SUVs, stripped out sports cars, and......
CNBC Business

Trump orders General Motors to make ventilators under Defense Production Act

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CNBC – For more and to sign up click here President Donald Trump has ordered General Motors to make ventilators under the Defense Production Act hours after criticizing the company for not acting quickly enough to produce the devices amid the coronavirus pandemic.  The Korean War-era statute can force certain American......
CNBC Business

United Airlines warns aid isn’t enough to avoid workforce cuts

CNBC
CNBC – For more and to sign up click here United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC United Airlines warned Friday that it expects to reduce its workforce because of the rapid spread of coronavirus and severe measures to stop the disease’s spread, despite a sweeping......
CNBC Business

How airline workers won a lifeline

CNBC
CNBC – For more and to sign up click here A flight attendant arrives at Tom Bradley Terminal at Los Angeles International airport in Los Angeles, California on March 16, 2020. Agustin Paullier | AFP | Getty Images U.S. airlines’ first plea for $58 billion in government aid to weather......
CNBC Business

Bailout could exclude Carnival, Norwegian, Royal Caribbean cruise lines

CNBC
CNBC – For more and to sign up click here Cruise lines are among the businesses that have suffered the most fallout from the coronavirus outbreak. And the major ones could get left out of the bailout fund included in the $2 trillion stimulus bill the Senate passed Wednesday night.......
CNBC Business

Senate set to vote on coronavirus stimulus bill Wednesday night

CNBC
CNBC – For more and to sign up click here The Senate is planning to vote on a massive $2 trillion relief bill late Wednesday or early Thursday, after a last-minute fight over a proposed unemployment provision delayed proceedings on Wednesday, people familiar with the situation told CNBC. The Senate......
CNBC Business

Congress gets closer to a deal on massive stimulus bill

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CNBC – For more and to sign up click here Democrats and Republicans are getting closer to a deal on the massive stimulus package to combat the economic impact of the coronavirus. Lawmakers and the Trump administration expect to reach an agreement Tuesday morning, Senate Minority Leader Chuck Schumer told......
CNBC Business

Talks on Senate stimulus bill continue, vote pushed to noon

CNBC
CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, center, walks through the U.S. Capitol in Washington, D.C., U.S., on Monday, March 23, 2020. Al Drago | Bloomberg | Getty Images Democrats and Republicans on Monday continued negotiations over a massive stimulus funding package......
Reuters - Business

Senate GOP coronavirus bill aids U.S. transit, airports but loans not cash for airlines

Reuters
WASHINGTON/CHICAGO (Reuters) – A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters. A passenger wearing......
CNBC Business

JetBlue cuts schedule to essential flights as coronavirus spreads

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CNBC – For more and to sign up click here JetBlue Airways Airbus A320-200 aircraft as seen on final approach landing at New York John F. Kennedy International Airport in USA. Nicola Economou | NurPhoto | Getty Images JetBlue Airways told employees Sunday that it plans to cancel hundreds of flights......
Reuters - Business

Senate GOP coronavirus bill aides U.S. transit, airports but loans not cash for airlines

Reuters
WASHINGTON/CHICAGO (Reuters) – A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters. A passenger wearing......
CNBC Business

Emirates Airline to suspend all passenger operations by March 25

CNBC
CNBC – For more and to sign up click here An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images DUBAI, United Arab Emirates — Dubai-based Emirates Airline will suspend all passenger flights by March 25 due to the coronavirus......

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