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House clears bill extending loan program for small businesses to Aug. 8
WASHINGTON -- A day after the Senate passed a last-minute extension of the Paycheck Protection Program loan application deadline, the House did the same Wednesday, clearing the bill for the president.
Somewhat unexpectedly, the Senate by unanimous consent passed a bill on Tuesday from Sen. Benjamin L. Cardin, D-Md., extending the Small Business...Read more
United adding 25,000 flights in August despite spikes in COVID-19 cases
CHICAGO -- United Airlines plans to fly about three times more routes in August than it did last month as passengers slowly return to the skies, even as the number of new COVID-19 cases across the U.S. rises.
Chicago-based United will have about 60% fewer flights on its schedule in August compared with the same month last year. But travelers ...Read more
Film in the time of corona: LA shoots restart
Even as a rebound in COVID-19 cases brings new business closures, the gears of Hollywood's film industry have started to turn as filming resumes on the streets of Los Angeles.
Since June 19, FilmLA, the nonprofit group that handles film permits for the city and L.A. County, said it has received about 14 film permit applications per day and ...Read more
Apple, Facebook, Amazon, Google Chiefs to Testify in Congress
The chief executive officers of Facebook Inc., Alphabet Inc., Amazon.com Inc. and Apple Inc. have agreed to testify before a congressional panel investigating competition issues in the technology industry, according to a spokeswoman for the U.S. House Judiciary Committee overseeing the probe.
Mark Zuckerberg, Sundar Pichai, Jeff Bezos and Tim ...Read more
American Airlines flights are about to get busier, but will they be safe?
Boarding a flight at Miami International Airport was a breeze March through June, with waiting times at security checkpoints as low as two minutes, mostly empty hallways and half a dozen rows of free seating at many terminals.
But that's about to change, as American Airlines -- the airport's largest carrier -- pushes to satisfy flight demand ...Read more
FAA concludes three days of test flights of Boeing's 737 Max
Testing of the 737 Max jetliner's revised flight-control systems by U.S. regulators and Boeing Co. wrapped up Wednesday, laying the foundation for the plane's possible return to service later this year.
The tests concluded an important milestone in assessing the grounded aircraft's safety, the Federal Aviation Administration said in a statement...Read more
Ford confirms it is ending production of Lincoln Continental forever
DETROIT -- Ford Motor Co. confirmed on Thursday that it plans to end production of the luxury Lincoln Continental sedan in the U.S. at the end of 2020. A 2021 model year vehicle will be offered to the China market before the sedan says goodbye forever.
"It will end for both China and the U.S. at the end of the year," Angie Kozleski, Lincoln ...Read more
Tesla battery cooling system is subject of federal safety probe
Federal safety officials are probing allegations of defective cooling systems installed in early-model Tesla vehicles.
Tesla installed cooling tubes prone to leaks in Model S vehicles beginning in 2012, according to internal emails cited by Business Insider last week. The Times reviewed copies of the emails and other documentation that show the...Read more
Negotiators for writers and studios reach tentative deal on new contract
LOS ANGELES -- The Writers Guild of America and the major studios reached an agreement in principle on a proposed new contract, averting a showdown that many thought was inevitable before the coronavirus pandemic roiled Hollywood, said three people familiar with the negotiations who were not authorized to comment.
Negotiators came to a ...Read more
Nordstrom makes sharp staff cuts as it grapples with pandemic
SEATTLE -- Nordstrom is laying off thousands of workers, including a large number from its corporate operations in Seattle, as it copes with pandemic-related losses, according to a former employee and reports in a trade journal.
A Nordstrom spokesperson acknowledged Monday that the Seattle-based retailer is "realigning and reducing our ...Read more
Huge gains in sales, profits at General Mills as people at home ate everything it makes
MINNEAPOLIS -- General Mills Inc.'s latest profit rose 10% and its sales rose 21%, huge gains of a kind rarely seen at a large food company, as consumers gobbled up the company's cereals, snacks and baking goods while spending more time at home to fend off coronavirus.
But the ongoing economic downturn has made executives cautious about the ...Read more
Alaska Airlines plans to give passengers yellow cards for refusing to wear masks as a coronavirus precaution
Alaska Airlines is taking a page out of the soccer refereeing handbook in its bid to enforce in-flight mask-wearing rules amid complaints of passengers refusing to cover up.
Starting in early July, the airline will hand yellow cards to noncompliant passengers, advising them that it is their "final notice" and that a written post-flight report ...Read more
General Motors, Fiat Chrysler sales down sharply as coronavirus hammers industry
DETROIT -- General Motors saw its sales drop 34% in the second quarter of the year, as the impact of the COVID-19 pandemic came more into focus.
Auto production was shut down for much of the quarter and stay-at-home and related orders in many places limited sales.
GM's sales dropped from 746,659 to 492,489 for the period -- April, May and June...Read more
Shake-up at Paramount Pictures as former Fox Film boss Emma Watts joins studio
LOS ANGELES -- Emma Watts, the former 20th Century Fox Film executive who left the Disney-owned company this year, is heading to Paramount Pictures.
Watts on Tuesday was named president of Paramount's motion picture group, putting her in charge of the ViacomCBS Inc.-owned studio's film slate. She replaces Wyck Godfrey, who has been in the role ...Read more
Minneapolis Fed finds small businesses take deepest cuts to sales from pandemic shutdowns
The pandemic has dealt a particularly large blow to smaller businesses, to women and minority-owned businesses, and to sectors such as entertainment, lodging and retail.
Those are some of the findings of a May survey of nearly 1,100 businesses across Minnesota and in neighboring states conducted by the Federal Reserve Bank of Minneapolis.
"The...Read more
Tesla CEO Musk wrong about coronavirus testing: UC Berkeley expert
Tesla CEO Elon Musk, who has called stay-at home orders fascist and defied local officials over re-opening his Fremont electric car factory, was incorrect when he tweeted that high rates of false-positive Covid-19 tests help explain why the number of positive cases is rising while deaths and hospitalizations are falling, a UC Berkeley infectious...Read more
Michael Hiltzik: Arizona's rules for rationing healthcare in the COVID-19 pandemic should terrify you
You may think that the coronavirus and COVID-19, the disease it causes, are frightening enough. But Arizona has just activated a rulebook for rationing hospital care that is truly terrifying.
In brief, the rules allow hospitals to deny critical healthcare resources such as ventilators to patients based on medical judgments about their ...Read more
Senate agrees to extend PPP loan program to early August
WASHINGTON -- The Senate passed a bill to extend the filing deadline for Paycheck Protection Program loans Tuesday evening, hours before the Small Business Administration is set to stop accepting applications.
Sen. Benjamin L. Cardin, ranking member of the Small Business and Entrepreneurship Committee, asked for unanimous consent on a bill that...Read more
Boeing rival Airbus will cut 15,000 jobs as aviation's pandemic crisis worsens
Airbus said Tuesday it needs to cut 15,000 jobs -- or 17% of its commercial jet workforce -- within the next year in response to the COVID-19 crisis that has devastated the airline business.
"Airbus is facing the gravest crisis this industry has ever experienced," said Airbus CEO Guillaume Faury. "The measures we have taken so far have enabled ...Read more
iHeartMedia launches national radio news outlet for Black community led by Chicago-based radio veteran
Radio broadcasting company iHeartMedia launched a national news network Tuesday for the Black community that will be run by a Chicago-based radio industry veteran.
San Antonio, Texas-based iHeartMedia said Black Information Network is a full-time national and local news network that aims to be an objective, accurate and trusted source of news ...Read more
Popular Stories
- Alaska Airlines plans to give passengers yellow cards for refusing to wear masks as a coronavirus precaution
- Michael Hiltzik: Arizona's rules for rationing healthcare in the COVID-19 pandemic should terrify you
- Negotiators for writers and studios reach tentative deal on new contract
- American Airlines flights are about to get busier, but will they be safe?
- Shake-up at Paramount Pictures as former Fox Film boss Emma Watts joins studio
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