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Americas Industries Markets National

Royal Caribbean not waiting for a bailout, secures $2.2B loan from J.P. Morgan, BofA,BNP and Goldman Sachs

MIAMI, March 23, 2020 /PRNewswire/ — Royal Caribbean Cruises Ltd (NYSE: RCL) today announced that it has entered into a $2.2 billion 364-day secured term loan facility, further enhancing the company’s liquidity position. The facility can be extended at the company’s option for an additional 364 days. The company has borrowed the full amount available […]

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Americas Industries National

Major cruise lines use foreign flags to avoid U.S. laws but they want U.S. bailout money

All cruise ships must have a country of registry in order to operate in international waters. Accordingly, most countries, including the U.S., provide these registration services or flags of registry. Predominant countries offering flags of registry for cruise vessels are the Liberia, Panama, Norway, Netherlands, Bahamas and the U.S. Flag states have certain rules for […]

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Healthcare Markets National

CEO of 3M:” more than 500,000 respirators are on the way to NYC and Seattle”

Maplewood based 3M says it has ramped up its production of N95 respirators to 35 million per month in the United States, 90 % of which are designated for healthcare workers. Worldwide, 3M says it has doubled its global output of the N95 respirators of more than 100 million per month. Below is the statement […]

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Americas Healthcare National

Delta Air Lines flight attendants refuse to offer disinfectant wipes to passengers in economy class

With COVID-19 outbreak continuing to spread, almost all airlines are giving their best to help stranded travelers, from issuing refunds to taking precautions to sanitize and prevent the virus from spreading. Economy class passengers aboard Delta Air Lines flight from Minneapolis to Winnipeg Manitoba were denied disinfectant wipes, just because they were sitting in cheapest […]

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National

Leaked paper shows that corporations can keep bailout money and still fire workers

It looks like the Trump administration is just hours away from finalizing a massive aid package with Congress to battle the economic downturn caused by coronavirus epidemic, Treasury Secretary Steven Mnuchin said Sunday to Fox News. “I‘ve been speaking to Mitch McConnell, Chuck Schumer, the speaker, and I think we have fundamental understanding. We look […]

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Healthcare Industries National

PepsiCo to hire 6,000 new employees and to provide a free COVID-19 testing along with reimbursement of $100 a day for child care

PURCHASE, N.Y., /PRNewswire/ — PepsiCo, Inc. (PEP) (NASDAQ: PEP) (“PepsiCo”) today announced it will provide enhanced benefits to all U.S.-based employees and additional compensation to U.S. frontline employees – the women and men who make, move and sell products – amidst the novel coronavirus (COVID-19) pandemic. The additional compensation covers more than 90,0000 frontline employees […]

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Entrepreneurs Industries Investments Markets National

Warren Buffett now owns 10% of Delta Air Lines, United,American and Southwest. So why would they need a bailout?

According to recent filings with the Securities and Exchange Commission, Warren Buffett’s Berkshire Hathaway holds a big chunk in several airlines: more than 50 million shares of Southwest , 42 million shares of American Airlines Group, 21.9 million shares of United Airlines, and 71.8 million shares of Delta Air Lines after buying almost a million […]

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Industries Investments National

Boeing prepares for bailout,suspends dividend, buybacks, CEO pay

CHICAGO, March 20, 2020 /PRNewswire/ — The Boeing Company (NYSE: BA) today announced several decisions to support the company as it navigates through the COVID-19 pandemic while ensuring the company is positioned for the industry’s recovery. Decisions include: CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the […]

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Crime Eurozone Healthcare

Russian infectious disease specialist hides trip to Europe and gets infected with coronavirus

The main infectious disease specialist of the Stavropol Territory became infected with the coronavirus. It is reported by Russian Telegram channel Baza. In early March, Irina Sannikova went to Spain, but she hid the fact that she took the trip and did not comply with quarantine. Moreover, after returning, she managed to give several lectures […]

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Industries Investments National

Delta Air Lines Internal Memo: We are burning $50M in cash a day

ATLANTA, March 20, 2020 – Delta Air Lines today announced it has entered into a $2.6 billion secured credit facility with JPMorgan Chase Bank, payable in a single installment on the maturity date on March 16, 2021. The goal is to enhance the company’s liquidity as it manages through an unprecedented decline in air travel […]