Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Sorted by date Results 76 - 86 of 86
MARTIN CRUTSINGER and DARLENE SUPERVILLE Associated Press WASHINGTON (AP) — President Donald Trump said Friday that he won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times current rates. "The Postal Service is a joke because they're handing out packages for Amazon and other internet companies and every time they bring a package, they lose money on it," Trump told reporters in the Oval Office. The president was responding to a q...
MICHAEL TARM AP Legal Affairs Writer CHICAGO (AP) - A once-bustling bar and grill tucked below a Michigan Avenue overpass famously inspired a "Saturday Night Live" skit starring John Belushi and Bill Murray. But the money the Billy Goat Tavern is losing during the coronavirus outbreak is no joke. The tavern and millions of other shuttered businesses nationwide have turned to their insurers to help recoup their losses following state-mandated closures, which combined may...
JOYCE M. ROSENBERG AP Business Writer NEW YORK (AP) - Big public companies that received loans under a government program intended to help small businesses devastated by the coronavirus outbreak could be forced to return it. The Small Business Administration issued an advisory Thursday clearly aimed at companies like restaurant chains Ruths' Chris Steak House and Potbelly that received loans under the Paycheck Protection Program. The guidelines imply that unless a company can...
CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - Some small businesses that obtained a highly-coveted government loan say they won't be able to use it to bring all their laid-off workers back, even though that is what the program was designed to do. The Paycheck Protection Program promises a business owner loan forgiveness if they retain or rehire all the workers they had in late February. But owners say the equation isn't so simple, in part because of current...
By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Oil prices crumpled even further Tuesday, and U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic. The market's spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have shut amid widespread stay-at-home orders. Global demand is set to drop to levels last seen in the mid 1990s. At the same t...
JOYCE M. ROSENBERG and ANDREW TAYLOR AP Business Writer NEW YORK (AP) — The government's lending program for small businesses is on hold. The Small Business Administration said Thursday that it reached the $349 billion lending limit for the program, after approving nearly 1.7 million loans. Thousands of small business owners whose loans have not yet been processed must now wait for Congress to approve a Trump administration request for another $250 billion for the program. Lawmakers have been haggling over whether to e...
AMANDA SEITZ and BARBARA ORTUTAY The Associated Press CHICAGO (AP) - Potentially dangerous coronavirus misinformation has spread from continent to continent like the pandemic itself, forcing the world's largest tech companies to take unprecedented action to protect public health. Facebook, Google and others have begun using algorithms, new rules and factual warnings to knock down harmful coronavirus conspiracy theories, questionable ads and unproven remedies that regularly...
KEN SWEET AP Business Writer NEW YORK (AP) - The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by nearly $20 billion combined in the first quarter, earnings reports released over the past two days show. And Wall Street expects that figure may go even hi...
NEW YORK (AP) - The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling relief money to the nation's small businesses. The Small Business Administration says that as of Wednesday afternoon, it had approved more than 1.44 million loans totaling more than $311 billion - up more than $50 billion since Monday. The Trump administration has asked Congress, which set the original ceiling, for another $250 billion for the progr...
PAUL WISEMAN AP Economics Writer WASHINGTON (AP) - American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II. The Federal Reserve reported Wednesday that manufacturing output dropped 6.3% last month, led by plunging production at auto factories that have entirely shut down. Overall, industrial production, which...
CHRISTOPHER RUGABER and ANNE D'INNOCENZIO AP Economics Writer WASHINGTON (AP) - U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forced an almost complete lockdown of commerce nationwide. The deterioration of sales far outpaced the previous record decline of 3.9% that took place during the depths of the Great Recession in November 2008. Auto sales dropped 25.6%, while clothing store sales collapsed, sliding 50.5%, the Commerce...
