Category Archives: CNN – Business

Boeing will seek federal help — but won’t give taxpayers a stake

Boeing will seek federal help — but won’t give taxpayers a stake

Boeing still expects to get some help from the federal government. Just not the same kind of help that the airlines are set to receive. Although the federal government likely will end up owning stakes in the nation’s airlines, taxpayers probably won’t receive shares of Boeing. The aircraft maker asked for help from the federal…MORE

Trump in crisis mode uses Hannity interview to attack the media and Democratic governors

Trump in crisis mode uses Hannity interview to attack the media and Democratic governors

President Trump’s media allies and social media attack dogs are deflecting criticism of the federal government’s response to the coronavirus pandemic by giving viewers and Twitterers other targets of ire. The targets include Democratic governors, presidential candidate Joe Biden and even a key member of Trump’s coronavirus task force, National Institute of Allergy and Infectious…MORE

American craft brewers were already in trouble. Then came coronavirus

American craft brewers were already in trouble. Then came coronavirus

America’s craft brewers were headed for a rocky spell before the coronavirus pandemic. Now, many are worried their livelihoods could be doomed. In 2019, more than 300 small and independent brewers closed — the largest total in a single year. Sales at the high-overhead operations shrank as the market overflowed with competition: A record 8,000-plus…MORE

In the race to secure medical supplies, countries ban or restrict exports

In the race to secure medical supplies, countries ban or restrict exports

The European Union announced on March 15 it was restricting exports of personal protective equipment, including face shields, surgical masks and gowns. India banned the export of ventilators and sanitizers on March 24. On Wednesday, Switzerland began requiring licenses for exports of masks, gloves, goggles and swabs. “It’s the least we can do for the…MORE

$50 billion airline bailout won’t be enough to save US industry

$50 billion airline bailout won’t be enough to save US industry

The $50 billion airline bailout passed by the Senate will help keep the airlines alive, but it won’t solve the industry’s most severe crisis in its history. Only passengers can do that. “We have an airline industry right now that is flying empty planes,” said airline consultant Mike Boyd. “This isn’t going to save the…MORE

The EU can’t agree on how to help Italy and Spain pay for coronavirus relief

The EU can’t agree on how to help Italy and Spain pay for coronavirus relief

Deep divisions within the European Union are hampering efforts to tackle the economic fallout of the coronavirus pandemic. The European Union made two attempts this week at agreeing to a coordinated strategy to support member states most affected by the outbreak, such as Italy and Spain. Finance ministers from countries that use the euro currency…MORE

Automakers are racing to make ventilators. But it’s not that easy

Automakers are racing to make ventilators. But it’s not that easy

US automakers have come to the rescue when the nation has faced supply shortages during wartime in the past. Ford built heavy bomber airplanes and GM built amphibious assault craft, among other things. So it seems only natural that, in the rush to address the critical shortage of ventilators in the US due to the…MORE

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