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Hotels Seek $150 Billion in Aid as Travel Plummets
Business, Published on 19/03/2020
» The U.S. hotel industry asked the Trump administration for a $150 billion bailout Tuesday, joining the growing ranks of businesses appealing to the federal government to stave off insolvency after getting hammered by the fallout of the coronavirus.
Airlines Seek $50 Billion Coronavirus Aid Package
Business, Published on 18/03/2020
» Reeling from the coronavirus crisis, U.S. airlines are seeking over $50 billion in financial assistance from the government, more than three times the size of the industry's bailout after the Sept. 11 attacks.
Trump Administration Considers Halting GE Venture's Engine Deliveries to China
Business, Published on 18/02/2020
» The Trump administration is considering a proposal to halt deliveries of jet engines co-produced by General Electric Co. for a new airliner being developed in China, a potential escalation of protective trade measures that could have steep repercussions for the major American manufacturer.